Redevelopment Site in Ybor! Hospitality, Retail, Multifamily, Office

Retail-Commercial for Sale
Catylist Listing ID: 30631409
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 10,450 SF
Gross Building Area: See Agent
Gross Land Area: 1.04 Acres
Sale Price: $6,500,000
Unit Price: $622.01 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/3/2020

Overview / Comments

Location, Location, Location! Here is an Extraordinary Opportunity to Purchase 1.04 Acres of Land, totaling 4 Parcels for a Future Development Site. Situated in an Opportunity Zone, as well as a HUBZone, the City of Tampa is offering diverse economic opportunities to attract new businesses, development and residential growth that will easily service the booming community and population. This is an Attractive site for Hospitality, Retail, Restaurant, Multifamily and or Professional Office developments. Subject includes a 1,283 SF Retail bldg., a 1,756 SF Wood framed bldg., a 6,650 SF Vacant land parcel, a 2,190 SF Auto Service/ Garage and a 5,220 SF Auto Service/ Garage with an attached Metal Warehouse. Subject is also ideal for New Construction, Redevelopment or an Expansion Project for the Existing Buildings.
Located in flourishing Ybor City between 17th Street and Angel Oliva Senior Street on 3rd and 4th Avenue, Subject is located in the heart of the Ybor Office District and sits 1.5 miles from Downtown Tampa and 1 mile from the Channel District to the South and Interstate 4 to the North. Also Featuring a high level of street exposure, this location is in immediate proximity to Major Traffic Arteries, Numerous Highly traveled Commerce Areas and is also surrounded by a myriad of quaint Residential Neighborhoods and bustling businesses- a Phenomenal Investment Opportunity or Great for an Owner/ User. Call today for Additional Property Details.

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Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 1929184WV000065000040A
Zoning: YC- 6
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: 17th Street and Angel Oliva Senior Street
Property Visibility: Excellent
Largest Nearby Street: 22nd Street
Highway Access: Interstate 4, Interstate 275
Airports: TPA
Site Description: BROKERS- Seller is Calling ALL Developers, Investors, Contractors and Builders. Come view this INCREDIBLE DEVELOPMENT OPPORTUNITY!!! Located within a HUBZone and an Opportunity Zone, this Site qualifies for Real Estate and Business Tax Incentives. As a result, a Boutique Hotel, Residential/ Retail Building, an Open- Air Fresh Market, a Showroom or Small Office Building may do well here. This East Tampa Property is a 1.04 acre assemblage of YC-6 zoned land and consists of a vacant lot and 4 structures that may be leased for immediate income or torn down for future development. Sale to Include: 1,283 SF Restaurant, an adjoining 6,650 SF Lot, a 2,190 SF Automotive Shop, a 5,220 SF Repair Shop with warehouse and a 1,756 SF Wood Frame Building. Measuring over 55,500 SF of Commercial Buildings and land; Water, power, and communications infrastructure are already in place making this site Perfect for either a Large Commercial Owner/ User or an Investor Looking to get in on the Development of this flourishing Area. Subject Property is in close proximity to Countless Retail Tenants, Educational Institutions, and Newly Renovated and Constructed Condos and Residential Neighborhoods. This Gem of an Investment will Not Last Long on the Market. Call Today to Schedule a Showing and BRING OFFERS!
Area Description: Located in an Excellent Growth Market, this Rare Opportunity is Not to Be Missed! Here is an outstanding opportunity to develop a Retail Marketplace, Microtel or similar type New Commercial Development that parallels the up and coming Planned Development that is happening throughout the Ybor/ Channel District. Additionally, a Professional Office, Retail/ Multifamily or Workforce Housing scheme could ideally also serve the current demographics in the area as well. Subject is Located Directly on E. 4th Avenue and is 3 Blocks South of 7th Avenue. This property not only offers great visibility, it also offers excellent signage and can benefit from the more than 18,000 VTD at the intersection of N. 21st Street and E. 4th Avenue. There are Multiple Types of Businesses, Retail, Restaurants, and Offices located within the Direct Radius of this Building. Also, the subject is within 1 mile of Interstate 4 which serves over 178,556 VTD and just minutes from Interstate-275 and the Selmon Expressway. Tampa International Airport is a quick 8- mile commute away and Downtown Tampa sits just 1.5 miles from this property making it Central enough to Serve your Customers’ needs. Ybor City is a High-Energy Business & Retail District that is frequented by Local & Regional Visitors and is also a Great place to Invest, Relocate or Expand your business- Get in on the Renaissance of Historic Ybor City. Call Today for a Property Brochure!!!
Parking Type: Surface
Interior Description: BROKERS- Seller is Calling ALL Developers, Investors, Contractors and Builders. Come view this INCREDIBLE DEVELOPMENT OPPORTUNITY!!! Located within a HUBZone and an Opportunity Zone, this Site qualifies for Real Estate and Business Tax Incentives. As a result, a Boutique Hotel, Residential/ Retail Building, an Open- Air Fresh Market, a Showroom or Small Office Building may do well here. This East Tampa Property is a 1.04 acre assemblage of YC-6 zoned land and consists of a vacant lot and 4 structures that may be leased for immediate income or torn down for future development. Sale to Include: 1,283 SF Restaurant, an adjoining 6,650 SF Lot, a 2,190 SF Automotive Shop, a 5,220 SF Repair Shop with warehouse and a 1,756 SF Wood Frame Building. Measuring over 55,500 SF of Commercial Buildings and land; Water, power, and communications infrastructure are already in place making this site Perfect for either a Large Commercial Owner/ User or an Investor Looking to get in on the Development of this flourishing Area. Subject Property is in close proximity to Countless Retail Tenants, Educational Institutions, and Newly Renovated and Constructed Condos and Residential Neighborhoods. This Gem of an Investment will Not Last Long on the Market. Call Today to Schedule a Showing and BRING OFFERS!
Zoning Description: YC-6 (Ybor Community Commercial)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,798 113,053 287,857
Median Age: 35.74 34.99 36.21
Households: 5,683 45,438 115,819

Contact

Photograph of Listing Agent

Tina Marie Eloian, CCIM

Florida Commercial Group CE-FL Member
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