4.65 AC · PRIME TAMPA LOCATION CI Development at I-275- Former Hotel Site- Excellent Visibility!

Listing was updated at: 09/06/2019
Property Overview
Price/Rent PSF $ 2,650,000.00
Asset Type Land
Trade Type Sale
Acres Available 4.65
Date Available 09/06/2019
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Only two miles from Busch Gardens Amusement Parks and from the University of South Florida (USF) which has more than 56,000 students. Convenient to the new downtown Tampa Riverwalk ($35M project) recently completed by Skanska, and the STRAZ Performing Arts Center. A thriving area in the midst of major redevelopment. Enjoy the outdoors year-round in this major metropolis on Florida's west coast. The region offers plenty of sunshine, arts and entertainment, shopping and dining, and an annual average temperature of 72 degrees.

4.65 ACRES - EXCELLENT VISIBILITY AT I-275 RAMP READY FOR DEVELOPMENT, SITE RECENTLY CLEARED! This Former Hotel site located at the I-275 ramp at Busch Blvd (SR 580) is zoned Commercial Intensive for many uses, and located near University of South Florida, Busch Gardens, retail, restaurants, etc! This parcel was split from a larger parcel containing 352,099 sq. ft. (8.08 acres). Recently owners demolished former hotel and ancillary structures to create ideal conditions for the development of a new project. Site zoning is Commercial Intensive, which allows a broad spectrum of uses and up to 300,000 sf of buildable area (based on FAR up to 1.5) Sale includes a billboard visible from I-275.
Adjacent 3.41 acre site which was recently split from this parcel received rezone approval from Commercial- Intensive (CI) to Planned Development (PD) to construct a mixed-use project of 144 multiple-family dwelling units, 4,302 SF of business/professional office, and a 2,032 SF restaurant in a 166,876 SF seven-story building, a 127 room hotel in a 53,200 SF building and 5 160 SF restaurant /food truck buildings for an overall maximum building area of 220,876.
Property is located directly at the I-275 exit and has excellent visibility from I-275 with a AADT of more than 100,000.

Possible uses:

Hotel- Multifamily-Medical - Retail - Office and much more

Folio # 098889-0000