601 E Harrison St
Tampa, FL 33602

CBRE is pleased to present the sale of 602 E Tyler Street, a rare 0.4-acre development site. With a premier location in Northern Downtown (NoDo), this site is positioned for a luxury mixed-use development with immediate access to over 12.2 million sq. ft. of downtown office space, hosting 75,000+ jobs and 3,700+ businesses. Ideally located in the Central Business District, 602 E Tyler Street have access to two of Tampa‘s largest developments, Water Street and The Heights. Water Street represents a transformative $3.5 billion project poised to double Downtown Tampa with 9 million sq. ft. of Class-A office, retail, residential, and hospitality space. Recently Phase I was completed, including three residential towers (1,298 units), one Class A office tower, and two hotels, JW Marriot Hotel and Roost Tampa (800 keys total). Other notable projects include The Heights, a $1 billion master development with 342,000 sq. ft. of Class A office space (Heights Union), 367,000 sq. ft. of retail space, and 68,000 sq. ft of urban food hall and event space (Armature Works). Residents will benefit from access to these developments via the Tampa Bay Riverwalk, 2.14-mile biking and running trail that lines the Hillsborough River, connecting Downtown Tampa to the Heights and Water Street. Tampa Bay prides itself on being an active community, and the Curtis Hixon Park, located four blocks west, embodies this to the fullest. Year-round, this 8-acre park is the epicenter of Downtown Tampa and hosts concerts and events. Significant events in 2021 included the 2021 Super Bowl Experience, Gasparilla Music Festival, NHL All-Star week, Stanley Cup playoffs, and various food festivals. TURN-KEY ZONING In-Place CBD-1 zoning has minimal density restrictions and maximum developable units. This zoning is unique in the Tampa Bay MSA and allows a developer to maximize the development potential as long as it conforms to local height restrictions. LIMITED STOCK This development site offers a rare opportunity to construct a mixed-use asset in Tampa’s Central Business District, an area with minimal to no stock of available raw land. PROVEN RENTAL MARKET Nine 15, located directly west of the subject site is achieving rents as high as $4.26 per SF for studios, $3.93 for one-bedrooms and $3.40 for two-bedrooms, some of the highest in the Tampa Central Business District. PATH OF GROWTH The subject site is located in Northern Downtown "NoDo", an emerging pocket of Downtown that has recently announced a series of projects that will transform the future landscape of the area, bringing arts and entertainment.