3.78+- ac w/550 ft Frontage on 275 w/Billboard

Vacant Land for Sale
Catylist Listing ID: 30553765
Property Subtypes: Office, Other
Gross Land Area: 3.78 Acres
Sale Price: $4,750,000
Unit Price: $1,256,613 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2020

Overview / Comments

PROPERTY DESCRIPTION - This 3.78± acre property has around 550 feet of frontage and is 330 feet deep, with a billboard on the east corner of the property and a concrete building that is approximately 200 feet wide by 80 feet deep for a total of around 13,000± Sq.Ft. The existing building is a Class C office building and is likely a demolition for better use. Future use of this site includes the possibility of two hotels and a restaurant, freestanding retail, self-storage, automotive dealerships, charter school. The billboard on the property is available for lease. Past leasing information on the billboard can be given upon request and a signed CA.

LOCATION DESCRIPTION - Located directly on N Central Ave. and E Fowler Ave. in Tampa, Florida. The property has excellent visibility from I-275 which has an average daily traffic count of 143,500 according to 2018 FDOT. Situated in the Uptown Tampa Innovation District, the property is less than two miles from Busch Gardens, the University of South Florida, The University Mall Redevelopment, Florida Hospital,Moffit Cancer Center, Shriners Hospital for Children, and James A. Haley Veterans Hospital.

ZONING - Commercial General - CG, Residential Office - RO-1

UTILITIES - Utilities served by city water and septic. There is an East-West underground storm-water drain and easement opportunity over the drive way area and parking lot. City water has been extended and sewer is to the next property south.

PARCEL ID - 094939-0000, 094931-0000, 094936-0000, 094933-0000

BILLBOARD LEASE RATE - The greater of $30,000 per year or 15% or Gross Revenue. Lease terms are from 10/17/14 - 10/16/34. The Landlord is responsible for real estate taxes.

This has a variable rate commission.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 182813ZZZ000005354000A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,329 155,324 330,285
Median Age: 34.98 34.26 35.63
Households: 7,200 61,909 132,369

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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