Catylist ID:
#30833606
| Catylist Listing ID: | 30833606 |
| Property Subtypes: | Multi-Family, Other |
| Gross Land Area: | 1.78 Acres |
| Sale Price: | $1,499,999 |
| Unit Price: | $842,696 Per Acre |
| Sale Terms: | Build-to-Suit |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/25/2023 |
Overview / Comments
|
Value is in the land! Outstanding high/dry, 1.78 acre site offering limitless opportunities for new planned development :: Zoned PD, this parcel is located in growing Egypt Lake and boasts over 240’ of frontage along N. Himes Avenue :: All utilities are available near the site :: Highest and best use: Residential or Multi-family development :: Located just off the signalized intersection of W. Hillsborough Avenue and N. Himes Avenue :: Minutes from Town N Country, Carrollwood, Lowry Park, Seminole Heights, West Tampa, Down Town Tampa, Interstate 75 and the Veterans Expressway :: Great visibility :: The area is exploding with new residential and commercial growth and is surrounded by many developments :: Neighboring businesses include: AdventHealth- Carrollwood, Al Lopez Park, Raymond James Stadium, St. Joseph’s Hospital, Publix Super Market, CVS Pharmacy, Bank of America, Public Storage and the US Postal Office, etc. Florida Commercial Group is pleased to present the opportunity to acquire a 1.78-acre land parcel in the growing neighborhood of Egypt Lake. Exceptional residential, multi-family development parcel located immediately north of the W. Hillsborough Avenue/ N. Himes Avenue intersection. Sellers have drawn up plans for entitlements for 2-story condo homes with blueprints in place for up to 28 residential new builds. The site’s planned development (PD) zoning provides ample opportunity to develop a small to medium size multi-family project that is close to nearby job centers (like Advent Health-Carrollwood, Raymond James Stadium and St. Joseph Hospital) as well as various retail amenities and neighborhood conveniences. This property is in the immediate area of many national and regional retailers as well as several neighborhood schools and daycare centers. Al Lopez Park, Publix Super Market, Walmart Neighborhood Market, Walgreens, CVS Pharmacy, Bank of America, Regions Bank, Horizon Park Shopping Center, Powerhouse Gym, Auto Zone, Advanced Auto Parts and Public Storage are all within a five-to-seven-minute drive of this site. With rapidly improving demographics, this area is projected to continue to experience increases in population and households’ incomes over the next five years. Residing within a 3-mile radius of this site are approximately 5,935 people with an average age of 34.8 and a HH income that exceeds $48,000. Call today for additional site details. This location offers quick accessibility to highways and major thoroughfares, ie… Dale Mabry Hwy, Waters Avenue, Hillsborough Avenue Busch Blvd., Dr. Martin Luther King Blvd., N. Nebraska Avenue, Veterans Expressway and Interstate 275. The area is exploding with new retail, multi-family and single-family development. |
Attachments & Media
Additional Details
| Nearest MSA: | Tampa-St. Petersburg-Clearwater |
| County: | Hillsborough |
| Tax ID/APN: | 0305230000 |
| Property Located Between: | Himes and Sligh Ave |
| Property Visibility: | Excellent |
| Legal Description: | SW 1/4 OF SW 1/4 OF NW 1/4 LESS N 165 FT AND LESS S 274 FT AND LESS E 325 FT THEREOF |
| Feet of Frontage: | 242 |
| Traffic/Vehicle Count: | 2,700 |
| Highway Access: | I-275, I-4, I-75 |
| Airports: | TPA |
| Site Description: | 1.78-acre parcel GREAT LOCATION- Directly on busy N. Himes Avenue Average Daily Traffic count of 2,700+ vehicles per day This land offers a huge growth opportunity for the Egypt Lake Community A great location for new construction of single-family residence or multi-family condo development Within a 3-mile radius of this site, approximately 5,935 people with an average age of 34.8 and the HH income is over $48,000. INVESTMENT HIGHLIGHTS Development/ New Construction Opportunity Excellent, 1.78-acre site offering opportunities for new construction Highest and best use: new residential or multi-family development 242’ frontage directly on Himes Avenue Located immediately east of N. Dale Mabry Hwy and north of the signalized intersection of W. Hillsborough Avenue and N. Himes Avenue. Minutes from AdventHealth- Carrollwood, Al Lopez Park, Raymond James Stadium, St. Joseph’s Hospital, Publix Super Market, CVS Pharmacy, Bank of America, Public Storage, Dale Mabry Hwy, W. Hillsborough Avenue, Waters Avenue, Sligh Avenue, Town N Country, Carrollwood and Lowry Park The area is exploding with new commercial and residential growth and is surrounded by countless new developments. Convenient to highways and major thoroughfares 15 minutes (approx.) to Tampa International Airport 11 minutes to the Interstate 275 South 3.3 miles east of the Veterans Expressway |
| Area Description: | This location offers quick accessibility to highways and major thoroughfares, ie… Dale Mabry Hwy, Waters Avenue, Hillsborough Avenue Busch Blvd., Dr. Martin Luther King Blvd., N. Nebraska Avenue, Veterans Expressway and Interstate 275. The area is exploding with new retail, multi-family and single-family development. |
| Lot Frontage: | 242' |
| Lot Depth: | 320' |
| Zoning Description: | PD, plans submitted to build 28 Townhomes. |
| Development Name: | The Reserve at Himes |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 22,750 | 120,774 | 347,105 |
| Median Age: | 35.92 | 37.19 | 36.54 |
| Households: | 8,702 | 48,102 | 139,365 |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Moody's assume any liability for errors or omissions. |
