Catylist ID:
#29987825
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: | 2/13/2021 |
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 |
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 |
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Exchange Florida nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions. |