Palmetto Beach Waterfront Development Site

Vacant Land for Sale
Catylist Listing ID: 30574939
Property Subtypes: Multi-Family, Residential (Single Family), Retail
Gross Land Area: 23,030 SF
Sale Price: $1,349,000
Unit Price: $58.58 PSF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/27/2020

Overview / Comments

This 23,030 sf, multi-parcel Waterfront Development Site is ideally located in Historic Palmetto Beach. Situated just minutes from Ybor City and Downtown Tampa, Palmetto Beach has immediate access to surrounding markets via Interstate-4 and the Selmon Expressway yet is tucked away in a quiet enclave adjacent to the Port of Tampa. Palmetto Beach was born in the late 1800's and served as a beautiful waterfront residential development which housed cigar workers employed at 4 local cigar factories in what is now a Nationally Registered Historic District.

Palmetto Beach is now experiencing a renaissance as the population swells in the Tampa Bay region and the demand for waterfront property is quickly exceeding supply. The 5 parcel site boasts 227 ft of water frontage along S Bermuda Avenue overlooking McKay Bay, as well as 100 feet of direct commercial frontage along S. 22nd Street, directly across from restaurants and local markets. The site has a Commercial General zoning and a Future Land Use split between Community Mixed Use-35 and Residential-20, allowing for a potential density of up to 12 waterfront units totaling over 20,000 sf. Larger nearby developments are already in the planning stages as this quaint little neighborhood prepares for exciting changes.

Located in Palmetto Beach just South of Ybor City via 22nd Street.

**DETAILED SALE BROCHURE UNDER PHOTOS & DOCUMENTS**

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: A-20-29-19-4X9-000042-00004.0
Zoning: CG - COMMERCIAL GENERAL
Property Located Between: S. Bermuda Blvd. & S. 22nd St.
Largest Nearby Street: 22nd St
Feet of Frontage: 100
Highway Access: I-4 & Selmon Expressway
Airports: Tampa International
Site Description: 23,030 sf, multi-parcel Waterfront Development Site is ideally located in Historic Palmetto Beach
Area Description: Just minutes from Ybor City and Downtown Tampa, Palmetto Beach has immediate access to surrounding markets via Interstate-4 and the Selmon Expressway yet is tucked away in a quiet enclave adjacent to the Port of Tampa.
Lot Frontage: 100

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,455 75,545 237,158
Median Age: 35.29 33.95 36.33
Households: 2,352 30,397 96,009

Contact

Photograph of Listing Agent

Michael Braccia, P.A.

Bay Street Commercial CE-FL Member
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