Commercial property in Tampa, Florida 1948.07 sq.m. № 1425651

Commercial property in Tampa, Florida 1948.07 sq.m. № 1425651
ID1425651 $ 14 600 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £

Property description

Seize the opportunity to acquire a prime redevelopment site in Tampa’s Channel District. This assemblage consists of three adjacent parcels at 1121, 1125, and 1127 E. Twiggs St., totaling approximately 0.7049 acres. Zoned CD-1 (Channel District - Mixed Use) with a Current FAR of 7.0, the property offers flexibility for mixed-use commercial projects. Potential developments include office, retail, hospitality, and hotel ventures, making it an ideal asset for investors aiming to leverage Tampa’s rapid growth. Located next to Madison Street Park and Dog Park, this site offers adjacent green space and a prime position near top attractions like the Tampa Riverwalk, Amalie Arena, Sparkman Wharf, and the Florida Aquarium. Its proximity to the Tampa Convention Center, which hosts over 100 major events annually, amplifies its appeal for hotel and hospitality developments catering to business and leisure travelers. The Tampa Riverwalk, a major draw with over 1.2 million annual visitors, ensures foot traffic and visibility for retail and hospitality businesses.
Initiatives such as the Riverwalk Attraction Pass, which saw 12,000 visitors redeem passes in 2023, further bolster the area’s vibrancy. The property benefits from excellent connectivity, with access to major roads such as Channelside Drive, FL-618 (The Selmon Expressway), I-275, and I-4. Public transit is available via the TECO Line Streetcar, linking downtown Tampa with Ybor City. Tampa International Airport, located just a short drive away, is undergoing a $2.5 billion expansion, positioning itself to handle up to 35 million passengers by 2037. The airport's growth enhances the potential for developments catering to both domestic and international travelers. Port Tampa Bay, Florida’s largest port, is located 0.3 miles from the property, handling over 36 million tons of cargo annually. This offers a logistical advantage for large-scale construction projects or businesses reliant on imported materials. Continued investment in the port's expansion will support Tampa’s commercial and industrial growth. Utility services at the site are robust, with power from Tampa Electric, water and sewer services from the City of Tampa, and internet from Spectrum and Frontier Communications, making the site fully equipped for various development possibilities. Tampa’s economy is booming, driven by industries like finance, technology, healthcare, and real estate. Major corporations such as Raymond James Financial, Bloomin’ Brands, and Moffitt Cancer Center are fueling the city’s rapid growth. This environment is attracting investment, with over $1 billion in taxable hotel revenue generated in Hillsborough County in 2023, a 4.82% increase from the previous year. Tourism plays a key role, with 26.7 million visitors contributing $8.5 billion annually and the world renowned beaches of St Pete and Clearwater less than 30 miles away. Tampa is also a top migration destination, with a net gain of 54,000 between July 2022 and July 2023. This influx, driven by affordable living and favorable business conditions, positions Tampa as one of the nation’s fastest-growing regions. With its prime location, flexible zoning, and proximity to key attractions and transportation hubs, this 0.7049-acre site offers exceptional potential for investors looking to shape the future of downtown Tampa. Don’t miss this opportunity to capitalize on one of the city’s most exciting and fast-growing districts. Full description in attachments.
MLS #: TB8310023
Tampa - Statistics
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ParametersTampa
Rent Per Month
Apartment (1 bedroom) in City Centre$ 2 029.18
Apartment (1 bedroom) Outside of Centre$ 1 579.08
Apartment (3 bedrooms) in City Centre$ 3 677.20
Apartment (3 bedrooms) Outside of Centre$ 2 666.81
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre$ 4 062.31
Price per Square Meter to Buy Apartment Outside of Centre$ 2 352.93
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ParametersTampa
Crime Index45.45
Cost of Living and Rent Index61.05
Purchasing Power Index154.55
Property Price to Income Ratio3.23
Safety Index54.55
Traffic CO₂ Index9188.58
Traffic Inefficiency Index199.14
Rent Index47.90
Health Care Index67.84
Groceries Index82.96
Pollution Index32.46
Traffic Commute Time Index36.18
Restaurant Price Index73.99
Climate Index84.67
Cost of Living Index71.63
Quality of Life Index194.33
Traffic Index173.43
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ParametersTampa
Restaurants
Meal, Inexpensive Restaurant$ 20.00
Meal for 2 People, Mid-range Restaurant, Three-course$ 92.50
McMeal at McDonalds (or Equivalent Combo Meal)$ 11.00
Domestic Beer (0.5 liter draught)$ 7.00
Imported Beer (0.33 liter bottle)$ 8.50
Coke/Pepsi (0.33 liter bottle)$ 2.53
Water (0.33 liter bottle) $ 1.94
Cappuccino (regular)$ 4.97
Markets
Milk (regular), (1 liter)$ 1.19
Loaf of Fresh White Bread (500g)$ 3.98
Eggs (regular) (12)$ 4.31
Local Cheese (1kg)$ 17.72
Water (1.5 liter bottle)$ 2.62
Bottle of Wine (Mid-Range)$ 15.00
Domestic Beer (0.5 liter bottle)$ 2.38
Imported Beer (0.33 liter bottle)$ 3.59
Cigarettes 20 Pack (Marlboro)$ 8.43
Apples (1kg)$ 6.60
Chicken Fillets (1kg)$ 10.77
Oranges (1kg)$ 5.04
Potato (1kg)$ 4.70
Lettuce (1 head)$ 2.44
Rice (white), (1kg)$ 4.95
Tomato (1kg)$ 5.28
Banana (1kg)$ 1.66
Onion (1kg)$ 4.13
Beef Round (1kg) (or Equivalent Back Leg Red Meat)$ 15.97
Transportation
One-way Ticket (Local Transport)$ 2.13
Monthly Pass (Regular Price)$ 66.00
Gasoline (1 liter)$ 0.93
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)$ 36 050.00
Taxi Start (Normal Tariff)$ 2.50
Taxi 1km (Normal Tariff)$ 1.49
Taxi 1hour Waiting (Normal Tariff)$ 30.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)$ 26 510.75
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment$ 259.68
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)$ 71.82
$ 71.00
Salaries And Financing
Average Monthly Net Salary (After Tax)$ 4 961.91
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate6.53
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult$ 36.00
Tennis Court Rent (1 Hour on Weekend)$ 18.75
Cinema, International Release, 1 Seat$ 16.00
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)$ 59.06
1 Summer Dress in a Chain Store (Zara, H&M, ...)$ 37.67
1 Pair of Nike Running Shoes (Mid-Range)$ 99.18
1 Pair of Men Leather Business Shoes$ 162.31
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child$ 1 394.00
International Primary School, Yearly for 1 Child$ 14 000.00
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
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CityTampa
Address1121 E TWIGGS STREET
TypeCommercial property
Living space1948.07 m²
  • sq. ft
Completion dateIV quarter, 1925
Price
  • Price
  • per m²
$ 14 600 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £