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- LoopNet Team
1221 N Florida Ave
Tampa, FL 33602
Opportunity Zone Development Site · Land For Sale
·
0.42 AC
INVESTMENT HIGHLIGHTS
- Prime location in Central Business District with restaurants, retail and office properties.
- Very rare raw land parcel located near downtown Tampa with potential for many development projects.
- Neighboring numerous Multi-Family and Office properties within two blocks of property.
- Convenient access to Interstate 275 and Interstate 4 for easy travel to neighboring cities.
PROPERTY FACTS
DESCRIPTION
The site features in-place CBD zoning, which has no F.A.R. or units per acre restrictions. This zoning allows for developments up to 630 feet in height, creating potential for a high rise development within one of the hottest submarkets in the Tampa. Development site offers a rare opportunity to construct a mixed-use asset in Tampa’s Central Business District core, an area with minimal to no stock of available raw land. Located directly west of the subject site is achieving rents as high as $4.59 per square-foot for studios, $3.93 for one-bedrooms and $3.40 for two-bedrooms, some of the highest in the area. The site is located in Northern Downtown "NoDo", an emerging pocket of Downtown Tampa that has recently announced a series of projects that will transform the future landscape of the area.
