NoHo / University of Tampa Student Housing / Multi Family Redevelopment / Urban Infill 505 N Rome Ave
Listing was updated at: 01/10/2019
Property Overview
Price/Rent PSF $ 4,350,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 28,509
Date Available 01/10/2019
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Description

Location
Located in the heart of vibrant "NoHo" and "West Waterfront" Districts. This is one of the highest growth markets in Tampa, "in the spotlight of the master plan that seeks to re-invent in downtown Tampa and its connectivity with surrounding neighborhoods", per InVision Tampa.
North Hyde Park is considered “Tampa’s hidden gem,” and one of the West Tampa neighborhoods undergoing transformational change says President of North Hyde Park Alliance, with business alliance Mission: "to encourage a desirable community for people to live, while supporting a growing local employment base with leisure, cultural, healthcare and academic attractions”.
Attractive to students, young professionals and empty nesters moving from the sub-burbs as it falls between downtown and the West Shore district with easy access to Interstates 275 and I-4. Blocks from $100M planned Tampa Streetcar expansion and modernization project servicing venues on the north side of downtown to Channelside, and Ybor commencing 2020.
Neighboring NoHo Flats avg rent is approx. $2.34/sf/mo. and increasing.
There is currently a 25k SF building foot print and 100 parking spots.

Sale
1.39 Acre Proposed Redevelopment property, located in the heart of vibrant "NoHo" and "West Waterfront" Districts. This is one of the highest growth markets in Tampa, "in the spotlight of the master plan that seeks to re-invent in downtown Tampa and its connectivity with surrounding neighborhoods", per InVision Tampa.

North Hyde Park is considered “Tampa’s hidden gem,” and one of the West Tampa neighborhoods undergoing transformational change says President of North Hyde Park Alliance, with business alliance Mission: "to encourage a desirable community for people to live, while supporting a growing local employment base with leisure, cultural, healthcare and academic attractions”.

Attractive to students, young professionals and empty nesters moving from the sub-burbs as it falls between downtown and the West Shore district and has easy access to Interstates 275 and I-4. Blocks from $100M planned Tampa Streetcar expansion and modernization project servicing venues from north side of downtown to Channelside, and Ybor.

With roughly 58,000 people moving to the city of Tampa in 2016 and growing, the region stands out as an example of accelerating U.S. growth. New residents and employers are moving to the area and looking to rent office and residential spaces located in dynamic urban neighborhoods with exciting work and play amenities.

An investment of about $400 million by University of Tampa is being made in the school's expansion, says Dan Gura, VP of development and university relations.

Neighboring NoHo Flats avg rent is approx. $2.34/sf/mo.

Location