14.33 Acre Site for 500 Unit Student/ Senior/ Multi-family Housing
Vacant Land
for Sale
| Catylist Listing ID: |
30700957 |
| Property Subtypes: |
Multi-Family, Other
|
| Gross Land Area: |
14.33 Acres
|
| Sale Price: |
$11,500,000 |
| Unit Price: |
$802,512 Per Acre |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/25/2021 |
Overview / Comments
Location, Location, Location! Here is an Extraordinary Opportunity to Purchase 14.33 Acres of Land, totaling approximately 624,193 SF for a Future Development Site. Situated in booming Northwest Tampa, the City of Tampa is offering diverse economic opportunities to attract new businesses, development and residential growth that will easily service the growing community and population. This is an Attractive site for Multifamily, Student and Senior Housing. A rezone would make this site ideal for Retail, Professional Office and or Hospitality developments as the property fronts Interstate 275. Subject includes a 9,489 SF retail building, another 9,584 SF retail building and a 608 SF building for automotive services. Subject is also ideal for New Construction/ Redevelopment.
Also Featuring a high level of street exposure, this location is in immediate proximity to Major Traffic Arteries, Numerous Highly traveled Commerce Areas and is also surrounded by a myriad of emerging Residential Neighborhoods and bustling businesses- a Phenomenal Investment Opportunity or Great for an Owner/ User. Call today for Additional Property Details.
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Additional Details
| Nearest MSA: |
Tampa-St. Petersburg-Clearwater |
| County: |
Hillsborough |
| Tax ID/APN: |
1828010T3000000000010U |
| Zoning: |
PD-C |
| Property Located Between: |
Bearss Avenue and FLetcher Avenue |
| Property Visibility: |
Excellent |
| Legal Description: |
TAWESCO HEIGHTS LOTS 1 AND 2 LYING E OF I-75 LESS ADD'L R/W BEG AT SE COR OF LOT 1 RUN N 89 DEG 14 MIN W 17.16 FT N 0 DEG 35 MIN W 316.8 FT TO N BDY OF LOT 1 N 01 DEG 6 MIN E 54.2 FT N 01 DEG 09 MIN E 262.74 FT TO N BDY OF LOT 2 S 89 DEG 25 MIN E 21.4 FT TO NE COR OF LOT 2 AND SLY TO SE COR OF LOT 1 AND THE POB |
| Largest Nearby Street: |
Nebraska Avenue |
| Feet of Frontage: |
640 |
| Traffic/Vehicle Count: |
29,741 |
| Highway Access: |
Interstate 275 |
| Airports: |
Tampa International Airport |
| Site Description: |
BROKERS- Seller is Calling ALL Developers, Investors, Contractors and Builders. Come view this INCREDIBLE DEVELOPMENT OPPORTUNITY!!! Incredible 14.33 Acre Investment/ Development Opportunity in Northwest Tampa. Zoned PD-C (Planned Development) and is ideal for a mixed-use development of: Multi- family/workforce housing, student housing, and/or senior housing. The combination of its’ location, approved density and amazing visibility from Interstate 275 makes it an incredible development site. This Gem of an Investment will Not Last Long on the Market.
This site has been approved for the densities as acknowledgment from the County of the path of growth. Approved densities for Infill Development include live care treatment facility of up to 1,253 beds: Type C Community Residential Home up to 2,507 beds and student housing of up to 2,507 beds. The maximum building height is 68’ and the development standard for building setbacks are a minimum of 25’ (front) x 10’ (sides) x 15’ (back). |
| Area Description: |
Located in an Excellent Growth Market, this Rare Opportunity is Not to Be Missed! Here is an outstanding opportunity to develop a Multi- Family, Senior Housing, Student Housing, Mixed Use, revamped Amusement Park or alternative single user for industrial or commercial, benefitting from convenient access to and high visibility from Interstate 275 in the North Tampa Area. Additionally, a Professional Office, Retail or Industrial Development could ideally also serve the current demographics in the area as well.
Subject is Located Directly on N. Nebraska Avenue and is approximately 1- mile South of Bearss Avenue. This property not only offers great visibility but it also offers excellent signage and can benefit from the more than 49,675 VTD at the N. Nebraska Avenue and Bearss Avenue intersection. There is Office, Restaurant and Retail Commerce located within a Direct Radius of this Property. Also, the subject is within minutes of Interstate 275’s on ramp which serves over 93,521 VTD and the visibility of this site from I-275 is stellar! Fletcher Avenue and Florida Avenue are just minutes away. Tampa International Airport is a 20- minute commute and Downtown Tampa sits just 10 miles from this property making it convenient enough to Serve your Tenant or Customers’ needs. This area is a High-Energy Business & Retail District and is also a Great place to Invest, Relocate or Expand. Get in on the Development of the University Area Today!!! |
| Lot Frontage: |
640 |
| Lot Depth: |
970 |
| Zoning Description: |
PD-C (Planned Development County) |
| Topography: |
Level |
| Available Utilities: |
Electric, Water, Sewer, Internet Access |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,005 |
118,064 |
290,552 |
| Median Age: |
34.82 |
34.98 |
35.82 |
| Households: |
6,559 |
47,552 |
116,956 |
|
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