Home > Florida > Tampa > 39 UNIT MULTIFAMILY-ZONED RESIDENTIAL 1.12 AC LOT

8711 N 50th St, Tampa, FL 33617

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8711 N 50th St is aland property located in Tampa, FL. The property currently has 1 land for lease and is marketed by .

The Tampa Metropolitan Statistical Area (MSA) is inclusive of four counties: Hillsborough, Pinellas, Pasco and Hernando. It is the second largest metropolitan area in Florida and the eighteenth largest metropolitan area in the United States with a population of over three million residents. Tampa has the highest rate of migration in the Eastern United States and third highest in the country according to a Bloomberg analysis. The Urban Land Institute in their yearly publication Emerging Trends in Real Estate United States and Canada 2019 named The Tampa MSA the tenth and second in overall real estate and homebuilding prospects respectively.

As one of Tampa Bay’s premier communities, Temple Terrace's economic growth potential is already strong and currently poised to trend even higher. The city is strategically located near the University of South Florida, Florida Hospital, Moffit Cancer Center, Busch Gardens, I-75 and only minutes from I-4. Florida College and Telecom Park already call Temple Terrace home.

Recent commercial development activity in the city's CRA district stands to draw new interests and fresh perspectives for increased economic growth. CRA development, combined with the natural beauty of the area and a highly productive, tech-savvy workforce position Temple Terrace to capitalize on terrific economic growth potential in the upcoming future.

Functionally, it melts seamlessly into Tampa but it offers the advantages of a small community and responsive city government that is development friendly. The City has recently sold off its land holdings opposite the subject property for development. The new development coming includes Restaurants, Retail, and Office. Richmond is building luxury apartments. Temple Terrace is a diverse mixed use community that is home to large office park developments such as Telecom and Hidden River, high end single family homes, golf courses and student housing . USF with close to 50,000 students is located at the boundary of the City.

Many national retailers are within a few blocks of this site such as; Walmart SuperCenter, Popeyes, Ross, Walgreens, Wendy's, McDonalds, Amscot, etc.

Available Spaces

Suite	Space Type	Pricing	Size
---	Land	For lease: Negotiable
MULTIFAMILY-ZONED RESIDENTIAL 1.12 AC LOT FOR 39 MULTIFAMILY UNITS PRICED TO SELL! It is truly rare to find multi family-zoned land in such a prime location in Tampa. Directly in the path of growth! Many parcels need extensive rezoning but this 1.12 AC property is zoned Residential-Multifamily-24 (RM-24) with a FLU designation of RM-35 zoning to achieve 39 units with a height of 120ft! Being in a purely residential area, this parcel is backing up to and directly adjacent large residential complexes that are fully leased out with growing waitlists. This brings down the land acquisition cost to $15,256 a door with average comps at over $20,000 a door! This property is close to the University of South Florida and Tampa central. . The site consists of 1.12 acres of residential land that backs up to the Allister Place Apartments, Meridian apartments, Garden Terrace Apartments, The Rivera of 8412 Apartments (146 Units). This piece would be the perfect add on for apartment expansion of competition. Average rents in the area are: $1050-1150 for 1 Bedrooms. $1150-1250 for 2 Bedrooms. $1250-1400 for 3 Bedrooms. This area has been seeing rents increase of up to 14% annually! With the expanding University and nearby Hospitals minutes away, demand is increasing incredibly rapidly driving up property values and prices! This area has seen a 17% population growth with a large tenant pool of young professionals and hospital workers looking for rental space. -In the midst of new commercial and residential development Close to University Of South Florida. Easy access to highways This an incredible opportunity to generate significant profit. Experience a trendy, cosmopolitan oasis in the heart of Greater Tampa. Located in Temple Terrace, northeast of Tampa, it is close to everything you desire. With easy access to I-275, I-4, and I-75, the site is just minutes from The University of South Florida, Busch Gardens, Raymond James Stadium and Florida Hospitals as well as the Hard Rock Hotel & Casino. Additionally, it is minutes to downtown Tampa’s famous shopping and dining districts. Shop, dine, play and work! There is a tremendous lack of supply for quality updated new construction rentals in this area. With University of South Florida, The Hospital and the Moffit Cancer center all expanding at tremendous pace, the demand for quality housing in this area will only continue to rise. « show less MULTIFAMILY-ZONED RESIDENTIAL 1.12 AC LOT FOR 39 MULTIFAMILY UNITS PRICED TO SELL! It is truly rare to find multi family-zoned land in such a... show more » View Details MULTIFAMILY-ZONED RESIDENTIAL 1.12 AC LOT FOR 39 MULTIFAMILY UNITS PRICED TO SELL! It is truly rare to find multi family-zoned land in such a prime location in Tampa. Directly in the path of growth! Many parcels need extensive rezoning but this 1.12 AC property is zoned Residential-Multifamily-24 (RM-24) with a FLU designation of RM-35 zoning to achieve 39 units with a height of 120ft! Being in a purely residential area, this parcel is backing up to and directly adjacent large residential complexes that are fully leased out with growing waitlists. This brings down the land acquisition cost to $15,256 a door with average comps at over $20,000 a door! This property is close to the University of South Florida and Tampa central. . The site consists of 1.12 acres of residential land that backs up to the Allister Place Apartments, Meridian apartments, Garden Terrace Apartments, The Rivera of 8412 Apartments (146 Units). This piece would be the perfect add on for apartment expansion of competition. Average rents in the area are: $1050-1150 for 1 Bedrooms. $1150-1250 for 2 Bedrooms. $1250-1400 for 3 Bedrooms. This area has been seeing rents increase of up to 14% annually! With the expanding University and nearby Hospitals minutes away, demand is increasing incredibly rapidly driving up property values and prices! This area has seen a 17% population growth with a large tenant pool of young professionals and hospital workers looking for rental space. -In the midst of new commercial and residential development Close to University Of South Florida. Easy access to highways This an incredible opportunity to generate significant profit. Experience a trendy, cosmopolitan oasis in the heart of Greater Tampa. Located in Temple Terrace, northeast of Tampa, it is close to everything you desire. With easy access to I-275, I-4, and I-75, the site is just minutes from The University of South Florida, Busch Gardens, Raymond James Stadium and Florida Hospitals as well as the Hard Rock Hotel & Casino. Additionally, it is minutes to downtown Tampa’s famous shopping and dining districts. Shop, dine, play and work! There is a tremendous lack of supply for quality updated new construction rentals in this area. With University of South Florida, The Hospital and the Moffit Cancer center all expanding at tremendous pace, the demand for quality housing in this area will only continue to rise. Pricing: Negotiable Availability: Now Listing ID: 3211500 Save to list

Land

For lease: Negotiable

MULTIFAMILY-ZONED RESIDENTIAL 1.12 AC LOT FOR 39 MULTIFAMILY UNITS PRICED TO SELL! It is truly rare to find multi family-zoned land in such a prime location in Tampa. Directly in the path of growth! Many parcels need extensive rezoning but this 1.12 AC property is zoned Residential-Multifamily-24 (RM-24) with a FLU designation of RM-35 zoning to achieve 39 units with a height of 120ft! Being in a purely residential area, this parcel is backing up to and directly adjacent large residential complexes that are fully leased out with growing waitlists. This brings down the land acquisition cost to $15,256 a door with average comps at over $20,000 a door! This property is close to the University of South Florida and Tampa central. . The site consists of 1.12 acres of residential land that backs up to the Allister Place Apartments, Meridian apartments, Garden Terrace Apartments, The Rivera of 8412 Apartments (146 Units). This piece would be the perfect add on for apartment expansion of competition. Average rents in the area are: $1050-1150 for 1 Bedrooms. $1150-1250 for 2 Bedrooms. $1250-1400 for 3 Bedrooms. This area has been seeing rents increase of up to 14% annually! With the expanding University and nearby Hospitals minutes away, demand is increasing incredibly rapidly driving up property values and prices! This area has seen a 17% population growth with a large tenant pool of young professionals and hospital workers looking for rental space. -In the midst of new commercial and residential development Close to University Of South Florida. Easy access to highways This an incredible opportunity to generate significant profit. Experience a trendy, cosmopolitan oasis in the heart of Greater Tampa. Located in Temple Terrace, northeast of Tampa, it is close to everything you desire. With easy access to I-275, I-4, and I-75, the site is just minutes from The University of South Florida, Busch Gardens, Raymond James Stadium and Florida Hospitals as well as the Hard Rock Hotel & Casino. Additionally, it is minutes to downtown Tampa’s famous shopping and dining districts. Shop, dine, play and work! There is a tremendous lack of supply for quality updated new construction rentals in this area. With University of South Florida, The Hospital and the Moffit Cancer center all expanding at tremendous pace, the demand for quality housing in this area will only continue to rise. « show less

MULTIFAMILY-ZONED RESIDENTIAL 1.12 AC LOT FOR 39 MULTIFAMILY UNITS PRICED TO SELL! It is truly rare to find multi family-zoned land in such a... show more »

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8711 N 50th St, Tampa, FL 33617

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