Great opportunity for purchase with this East Tampa property to either take over ownership of a small, 12-unit mobile home park with rents well below market rates or redevelop into a Multi-family or Retail concept that complements the current neighborhood? This location in Tampa, Florida is growing in population and density YOY like several other neighborhoods around the city, but this property also offers superb access to major interstates/highways to include over 650 SF of frontage along Sligh Avenue. The property consists of MH and RV dwelling units with half of them park-owned and less than 2 AC of the land actually being utilized for its current use, signaling an upside for a potential investor. Highest and best use for this property would lean more towards re-development of the land to maximize its effective use as a newly converted Retail or Multi-Family component.
Financial Considerations
Price:
$1,300,000
HOA Fee:
N/A
Tax Amount:
$13659.87
Price per SqFt:
$13541.67
Tax Legal Description:
N 12 ACRES OF THAT PART OF NE 1/4 LYING W OF HWY 301 AND S OF LINE 30 FT S OF N BDRY OF NE 1/4 AND N 30 FT OF THAT PART OF NE 1/4 OF NE 1/4 LYING W OF HWY 301 LESS OUT FOLL: COMM AT NW COR OF NE 1/4 OF SEC 36 TWN 28 RGE 19 RUN E A DIST OF 1020 FT TO POB THN CONT E 765.03 TO WLY R/W LINE OF US HWY 301 THN S 9 DEG 29 MIN 45 SEC W 332.39 FT THN W 710.19 FT THN N 327.83 FT TO POB LESS THAT PART LYING W/I BEING DESC AS : COM AT SW COR OF SE 1/4 OF SEC 25 TWP 28 RGE 19 THN N 89 DEG 59 MIN 23 SEC E 4.1 9 FT TO NW COR OF NE 1/4 OF SEC 36 TWP 28 RGE 19 THN N 89 DEG 59 MIN 23 SEC E ALG N BDRY THEREOF AND ALG S R/W LINE OF SLIGH AVE 675.81 FT FOR POB THN CONT N 89 DEG 59 MIN 23 SEC E 450.00 FT THN S 00 DEG 02 MIN 56 SEC E 327.83 FT THN S 89 DEG 59