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: | 5/15/2021 |
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 |
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