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1305 S 22nd St
Tampa, FL 33605

Palmetto Beach Apartments · Land For Sale · 1.03 AC

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Mixed Use
  • Multifamily
  • Hospitality
  • Apartment Units
  • Convenience Store
  • Hotel
  • Parking Garage
Total Lot Size 1.03 AC

Description

Welcome to Palmetto Beach Pointe A 78-Unit Mixed-Use Development Opportunity in Vibrant Tampa with the potential for Multi-Million dollar returns. Discover an unparalleled investment opportunity for you to purchase 1.04 Acres of Land in the heart of Tampa, Florida, with a Fully Entitled and Shovel Ready development project ready for execution. Situated in one of the Sunshine State's most dynamic and rapidly growing cities, this prime parcel of land offers the perfect canvas for a developer to make great returns on an already designed and approved high density urban development. Location: The site, spanning from South 22nd street to Maple and Oakwood Ave is strategically located at the nexus of downtown Tampa offering excellent visibility and accessibility. This highly sought-after location is 1 mile from Tampa's central business district, cultural attractions, and major transportation arteries, making it an ideal destination for residents, businesses, and visitors alike. Residential Component: The centerpiece of this development opportunity is a thoughtfully designed residential component consisting of 78 units. These units will cater to the diverse housing needs of Tampa’s ever-growing community with 50K units still lacking in the main city, this development offers a mix of studio, one-bedroom and two bedroom units. These contemporary living spaces will be designed to maximize comfort, convenience, and modern living standards. Amenities: Residents will enjoy an array of high-end amenities, including: • A mezzanine floor terrace with views of McKay Bay waterfront. • A fitness center equipped with state-of-the-art equipment. • A lushly landscaped courtyard and communal green spaces, including dog park • Secure, covered parking with ample spaces for residents. • An inviting lobby and communal areas for social gatherings. Retail and Commercial Space: In addition to the residential component, this development opportunity includes prime commercial space. With the increasing demand for retail and dining options in the area, this space offers the perfect canvas for establishing flagship stores, boutique shops, cafes, and restaurants. The dynamic street presence ensures high foot traffic and visibility for businesses, creating an attractive proposition for commercial tenants. Strategic Investment: Tampa is experiencing rapid population growth, a thriving economy, and a burgeoning tech sector. As a result, this mixed-use development project is strategically positioned to capitalize on these trends. 1 Mile away for University of Tampa (30,000) students and downtown proper. The property offers an opportunity to become a landmark destination within the city, attracting residents seeking modern, urban living and entrepreneurs looking to establish or expand their businesses. Investment Highlights: • Prime location in one of Tampa's most desirable neighborhoods. • Diverse and growing residential market. • Strong demand for commercial space in the area. • Potential for lucrative rental income and capital appreciation. • The chance to shape the city's urban landscape and leave a lasting legacy. Don't miss the chance to be part of the huge returns (upwards of 20M in profits) in a state where the population is only growing by the day. This 78-unit mixed-use development opportunity represents a sound investment in a thriving city with a bright future. Contact us today to explore this prime property and turnkey investment. This property is being sold as a package of 4 parcels: 1305 S 22nd St, 2017 & 2015 Maple Ave & 2020 Oakwood Ave for a total of just over 1 Acre! Have a chance to invest in a project whose: Construction Cost: 25.8M Actual After Development Value: 38.5M @ 4.5 Cap 5 Year Trended Value: 42.2M @ 4.5 Cap Profit: 13M in 2 years or 17M in 5 years

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • A-19-29-19-52S-000005-00001.0
  • A-19-29-19-52S-000005-00022.0
Land Assessment
$170,072
Improvements Assessment
$0
Total Assessment
$170,072

zoning

Zoning Code CMU 35 (Community Mixed USE-35 (CCMU-35))
CMU 35 (Community Mixed USE-35 (CCMU-35))
  • Listing ID: 29603153

  • Date on Market: 9/22/2023

  • Last Updated:

  • Address: 1305 S 22nd St, Tampa, FL 33605

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