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12330 101st St - Lake Seminole Apartment/Townhome Development

10.9 Acres of Commercial Land Offered at $4,690,000 in Largo, FL 33773

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Investment Highlights

Lake Seminole Frontage
5.68 acres of Residential Urban (RU) land use

Underlying Land Use designation is Residential Urban (RU) which will allow 7.5 units per acre

Executive Summary

Highest and Best Use is Townhouse Development or Single Family Code Compliant Lots

Feasibility Study-Lake Seminole

Property Facts Under Contract

Price	$4,690,000	Property Subtype	Commercial
Sale Type	Investment or Owner User	Proposed Use	Multifamily Master Planned Community Planned Unit Development
Sale Conditions	Redevelopment Project	Total Lot Size	10.90 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land

Price	$4,690,000
Sale Type	Investment or Owner User
Sale Conditions	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Multifamily Master Planned Community Planned Unit Development
Total Lot Size	10.90 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price	$4,690,000	Lot Size	10.90 AC
Price Per AC	$430,275

Price	$4,690,000
Price Per AC	$430,275
Lot Size	10.90 AC

10.9 acres on Lake Seminole of which 5.68 acres has a future Residential Urban (RU) land use.

Description

12290 &12330 101st in Largo on beautiful Lake Seminole can be sold together or separately. Highest and Best use would be a 43 unit townhouse development or 22 single family lots. Total acreage is 10.9 acres which includes the submerged land. The property contiguous to 12330 101st can also be purchased separately for $1,500,000. Total acreage is 2.59 acres which will allow for another 15 units. Motivated Owners!!

PROPERTY TAXES

Parcel Numbers	Multiple 10-30-15-00000-410-0600 10-30-15-00000-410-1400 11-30-15-70524-300-0902 11-30-15-70524-300-0903 11-30-15-70524-300-0900	Improvements Assessment	$148,108
Land Assessment	$835,412	Total Assessment	$983,520