15.34 ac for Office /Retail near I/75 and Williams Rd

Vacant Land for Sale
Catylist Listing ID: 30644831
Property Subtypes: Office, Retail
Gross Land Area: 15.34 Acres
Sale Price: $3,450,000
Unit Price: $224,902 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/27/2021

Overview / Comments

PROPERTY DESCRIPTION Springer Commercial is ideally situated to be developed into the next retail node in Seffner, FL. This 15.34 gross acre site has over 9 upland acres located at the lighted intersection with proposed curb cuts on both MLK (right in-right out) and Williams Rd (full access). The site is at the exit of I-75 and has over 30,000 cars a day driving by it. The proposed PD zoning allows up to 78,500 SF of retail/office with maximum height of 3 stories/45 feet is allowed. The property is in a well head protection area and no tanks are allowed. The site is partially within the Floodplain and preliminary modeling calls for 2 upland acres to be used for floodplain mitigation which fill material can be used for the remaining 7 acres of development. The seller would subdivide the parcel for $23/SF for a minimum of 2 acres at the corner. Call for details on subdividing.

LOCATION DESCRIPTION The property is located at 10912 E. Dr. Martin Luther King Jr. Blvd. in unincorporated Hillsborough County, FL. It is at the north-east lighted corner of Williams Rd and Martin Lither King Jr. Blvd, immediately east of I-75 at the first light off the exit ramp. It is near multiple employment centers including Highland Oaks Office Park, Citibank Center, Sabal Park and the Interstate Business Park.

PROPERTY SIZE 15.34 Total Acres; 9.04 Upland Acres

ZONING PD- Currently being rezoned for retail/office uses (up to 78,500 SF with maximum height of 3 stories/45 feet)

PARCEL ID U-04-29-20-ZZZ-000002-36530.0 and U-04-29-20-ZZZ-000002-36420

This has a variable rate commission.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 202904ZZZ000002364200U

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,614 59,552 192,659
Median Age: 33.67 35.65 35.5
Households: 4,019 21,139 71,372

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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