PRIME Redevelopment :: 1.33 AC :: 12.5 Lots/6 Folios :: Palmetto Beach

Vacant Land for Sale
Catylist Listing ID: 30824044
Property Subtypes: Industrial, Multi-Family, Office, Retail, Self Storage, Other
Gross Land Area: 1.33 Acres
Sale Price: $3,495,000
Unit Price: $2,627,819 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 5/25/2023

Overview / Comments

* Tremendous development potential including but not limited to commercial, industrial, mixed- use or multi-family development
* Prime (12.5 lots/ 6 folios), 1.33 acre site for redevelopment or re-purpose opportunity
* Portfolio includes: 401-407 N. 22nd Street, 2211-2215 Long Street & 2204-2206 Durham Street, Tampa, FL 33605
* Highest and best use: commercial or residential development site
* Approximately 207 feet of N. 22nd Street frontage
* Huge growth opportunity for the Palmetto Beach/ S. Ybor City Community
* 2020 Total Population | 7,842 - 1 Mile | 80,182 - 3 Mile | 211,674 - 5 Mile
* Located immediately south of Adamo Drive and N. 22nd Street intersection
* Minutes from Downtown Tampa, the Channel District, Historic Ybor City and East Tampa
* Fantastic value-add potential
* Investment opportunity w/ existing buildings and tenants in place
* EXCELLENT LOCATION- Strong visibility and frontage directly on N. 22nd Street
* Convenient to highways and ports
* Instant access to Selmon Expressway
* 2 minutes (approx.) to Adamo Drive
* 4 minutes to Interstate 4
* 19 miles east of Tampa International Airport
* Nearby Retailers include: NAPA Auto Parts, Life Storage, Sherwin Williams, 5th/ 3rd Bank, Citgo, Cabinets To Go, Casa Santo Stefano and the Columbia Restaurant

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: ***see PA site
Property Located Between: N. 22nd Street and Durham Street
Property Visibility: Excellent
Legal Description: 190420-0000: EAST TAMPA BLOCKS 1 TO 42 LOTS 9 10 11 AND 12 BLOCK 5 *** 190419-0000: EAST TAMPA BLOCKS 1 TO 42 LOTS 6 7 AND 8 BLOCK 5 *** 190418-0000: EAST TAMPA BLOCKS 1 TO 42 LOT 5 BLOCK 5 *** 190423-0000: EAST TAMPA BLOCKS 1 TO 42 LOT 16 AND W 1/2 OF LOT 17 BLOCK 5 *** 190422-0000: EAST TAMPA BLOCKS 1 TO 42 LOT 15 BLOCK 5 *** 190421-0000: EAST TAMPA BLOCKS 1 TO 42 LOTS 13 AND 14 BLOCK 5
Largest Nearby Street: Adamo Drive
Feet of Frontage: 207
Traffic/Vehicle Count: 36,500
Highway Access: Selmon Expressway, Interstate 4 and Interstate 275
Airports: TPA
Site Description: Florida Commercial Group is pleased to offer for sale this well-located 1.33-acre development site in the Palmetto Beach/ Ybor City area. Here is a phenomenal opportunity for a business-to-business development or end-user consumer development site with immediate access to the 22nd Street, Selmon Expressway, Adamo Drive, 7th Avenue and Interstate-4 corridors. These 12.5 Lots (6 Folios) boast instant access to the east and westbound Selmon Expressway and approximately 1 mile from Interstate-4, which has more than 163,000 vehicles that pass each day. This 1.33-acre site is currently zoned RS-50, CI and PD and is ready for development with an RS-50 zoning allowing for up to 50 multi-family units. Permissible zoning uses include but are not limited to: Professional Office, Industrial Uses (automotive storage and repair), residential and new commercial development. This one-of-a-kind opportunity that offers everything you desire in commercial real estate includes: INDUSTRIAL, RETAIL, MULTI-FAMILY & VACANT LAND...all of this, on buzzing N. 22nd Street! The property consists of an automotive/ repair business (6,885 GSF building), a SFH with adjoining 2-story apartment (3,376 GSF), 2-story SFH (1,568 GSF), land site for storage (14,250 SF) and 2 vacant land parcels (4,750 SF and 7,125 SF). The area is exploding with new commercial and residential growth and is surrounded by countless new developments of commercial and residential throughout this area. Occupants will need a 48-hour notice for showing. Call today for a property brochure.
Area Description: Excellent developer opportunity to purchase 1.33 acres in the Ybor City/ Palmetto Beach neighborhood. The property features four buildings, 3 land parcels and allows a wide range of commercial uses, re-purposing or re-development. The site has great visibility with approximately 207 feet of frontage along N. 22nd Street. The Selmon Crosstown Expressway is one of the main arterials stretching across the City of Tampa and this property is within feet of the 22nd Street east and westbound on ramps. (6,950 VTD). The site is also near the highly trafficked intersection of Adamo Drive and N. 22nd Street (25,500 VTD). North 22nd Street is one of the most travelled roads in east Tampa with over 36,500 vehicles driving by this site per day. Because the subject property is located within close proximity to the ports and highways- Interstate-4 and Interstate-275, you’ll have direct access to these travel arteries within minutes. You’ll also be a very short commute to Downtown Tampa, the Channel District, Historic Ybor City and East Tampa. Occupants will need a 48-hour notice for showing. Submit your offer today and get in on the abundance of growth that this area and market has to offer!
Lot Frontage: 207
Zoning Description: CI, PD and RS-50
Part of Planned Development?: Yes
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,723 94,985 257,121
Median Age: 33.86 34.37 36.36
Households: 3,026 37,755 103,383


© 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.