17+- ac Multi-Family Cypress Creek Sun City Center

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 29987825
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 17 Acres
Sale Price: $4,800,000
Unit Price: $282,352 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/28/2020

Overview / Comments

PROPERTY DESCRIPTION Acquisition Opportunity: This offering is for apartment product on the southern 17± gross acres. Entitlements are 296 units and seller requires prospects to be comfortable that 296 units will fit on the site. Proximity to I-75 provides easy access to employment centers in Tampa Bay or Brandon/Riverview. This is across I-75 from Amazon fulfillment center.

LOCATION DESCRIPTION Located in Ruskin, in southeast Hillsborough County just east of I-75 and north of SR 674, (also known as Sun City Center Boulevard). It is conveniently located just 25 minutes from downtown Tampa and St. Petersburg, FL. Access is good from I-75 and State Road 674 exit, north on Cypress Creek Blvd.

MUNICIPALITY Sun City Center, Hillsborough County area

PROPERTY SIZE 17.0 Acres

ZONING Multi-Family, Apartments, 296 Units

PLEASE NOTE:- Prospective buyer is encouraged to do a layout and get a unit count that will work on the site.

"Terms: Seller requires any transaction to be on a land option contract. That contract shall require an option payment initially for $25,000, released to Seller for a 90 day Option. Seller shall grant additional options at $25,000 per option, payable in advance and released to Seller. Seller and Purchaser shall agree on a mutual closing date. If Purchaser has made all Option payments as agreed and closes timely, the Option Payments so made shall apply to the Purchase Price; otherwise, they shall be non-refundable.”

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: U-02-32-19-ZZZ-000001-76260.0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,900 34,412 74,219
Median Age: 80.46 53.13 45.44
Households: 998 16,105 30,191

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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