1.19 Acre Assemblage on high traffic Hillsborough Ave!

Vacant Land for Sale
Catylist Listing ID: 30409758
Property Subtypes: Retail
Gross Land Area: 1.19 Acres
Sale Price: $1,650,000
Unit Price: $1,386,554 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/21/2020

Overview / Comments

This is a 1.19 acre assemblage at a traffic light controlled intersection on busy E Hillsborough Ave.
The property is currently improved with a retail center, auto repair building and small mixed-use building (no long-term leases).
This offering contemplates redevelopment of the assemblage to accommodate a new retailer seeking a high visibility / high traffic count location.

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Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: City of Tampa
Tax ID/APN: A-06-29-19-4AW-000003-00001.1
Zoning: CI
Property Located Between: 15th St & 19th St on south side of Hillsborough Ave
Legal Description: Contact agent.
Largest Nearby Street: Hillsborough Ave
Feet of Frontage: 155
Traffic/Vehicle Count: 48,000
Highway Access: Close proximity to I-275
Airports: Tampa International Airport
Site Description: Currently three buildings of various quality (not good), this is a hard corner site proposed for redevelopment. 155' on Hillsborough and 260' on 19th St.
Area Description: Area of substantial retail development. WalMart Superstore and McDonald's are directly across the street, along with Bank of America, Walgreen's, Wendy's, Checker's along this busy commercial corridor.
Lot Frontage: 155
Lot Depth: 260
Zoning Description: Commercial Intensive
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal, Storm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,517 143,604 348,254
Median Age: 35.56 34.92 35.15
Households: 5,964 55,295 138,184

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