North Tampa Multifamily Development Site
Vacant Land
for Sale
| Catylist Listing ID: |
30781588 |
| Property Subtypes: |
Multi-Family
|
| Gross Land Area: |
4.68 Acres
|
| Sale Price: |
$4,490,000 |
| Unit Price: |
$959,401 Per Acre |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/30/2022 |
Overview / Comments
This 4.68 acre multifamily development site is located on Nebraska Avenue just south of Fowler Avenue and just minutes (3 miles) west from the planned "Uptown Tampa" development and the University of South Florida. The site was formerly the site of a mobile home park and is almost entirely cleared and ready for redevelopment. The current owner has already submitted and received an "S1" administrative zoning approval and preliminary plans drawn for a 112 unit multifamily development for a low-rise apartment development although the site has a future land use category of CC-35 (Community Commercial-35) which has a potential "FAR" (Floor to Area Ratio) of 2.0. The proposed site would consist of 2 bedroom, 1 bath apartments of 625 SF although given the land use categories, a buyer could seek full density for a mixed use development of up to 163 units with a total buildable square footage of up to 408,146 SF based upon maximum allowable density for the CC-35 Future Land Use. A considerable amount of Due Diligence has been completed on this site including surveys, site plans, and zoning / land use inquiries.
* Disclaimer - All density and unit references are calculations based upon maximum allowable under future land use. Site Plans are subject to municipal approval for final development approvals.
Located in Tampa just east of I-275 and north of Hillsborough Avenue, offering easy access to surrounding areas.
**DETAILED SALE BROCHURE UNDER PHOTOS & DOCUMENTS**
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Additional Details
| Nearest MSA: |
Tampa-St. Petersburg-Clearwater |
| County: |
Hillsborough |
| Taxing Authority: |
Hillsborough County |
| Tax ID/APN: |
A-13-28-18-3CS-000000-00014.0 |
| Zoning: |
CI - COMMERCIAL INTENSIVE |
| Property Located Between: |
N Nebraska Ave & E Bougainvillea Ave |
| Largest Nearby Street: |
N Nebraska Ave |
| Traffic/Vehicle Count: |
19,100 |
| Highway Access: |
I-275 |
| Airports: |
Tampa International |
| Site Description: |
4.68 acre multifamily development site is located on Nebraska Avenue just south of Fowler Avenue |
| Area Description: |
Located in Tampa just east of I-275 and north of Hillsborough Avenue |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
16,488 |
159,796 |
346,116 |
| Median Age: |
34.87 |
34.5 |
35.47 |
| Households: |
6,306 |
63,506 |
138,230 |
|
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