3.67 Acres :: QOZ :: Redevelopment Opportunity

12701 N. Florida Avenue Tampa, FL 33612

12701 N. Florida Avenue, Tampa, FL, 33612
12701 N. Florida Avenue, Tampa, FL, 33612
FOR SALE
Property Type:
Commercial Land Development
Amount:
$2,200,000
Last Verified:
Jul 15, 2022

Highlights

  • INVESTMENT HIGHLIGHTS
  • • 3.67 acres, situated on the busy Florida Avenue corridor between bustling Fowler Avenue and Fletcher Avenue
  • • Ready for development
  • • All utilities available
  • • Heavy residential traffic
  • • Potential to serve a dense demographic area
  • • Population of 103,719 residents with an average household income of $48,543 within 3 miles of the site
  • • Prime Bearss/ I-275 area
  • • Zoned PD (planned development)
  • • Approximately 2 miles from Interstate 275
  • • QUALIFIED OPPORTUNITY ZONE- providing tax incentives to investors and developers
  • • Get in on the abundance of area growth that this market has to offer
  • • Offering easy ingress and egress and corner access
  • • AMAZING frontage and visibility via N. Florida Avenue and 127th Avenue
  • • Highest and best use: Investment Opportunity/ Redevelopment site

Description

Calling all developers, builders, brokers and investors! Florida Commercial Group is pleased to offer for sale the Faith Lutheran Church in North Tampa Heights. A prime 3.67 AC site boasting 320’ of N. Florida Avenue frontage is available for immediate redevelopment or expansion. Current use is a religious facility with onsite parking of approximately 35 spaces. The property Is level and includes 3 buildings measuring 9,202 SF, 1,965 SF and 1,999 SF- respectively. Located in an opportunity zone, the current zoning for this property is PD (planned development) allowing for an array of commercial development project. Purchase this site today and be a part of the amazing development that is happening all over the Tampa Bay area in 2022. Future development of the property would allow for an easement on E. 127th Avenue as well as N. Florida Avenue. Current traffic counts exceed 19,600 VTD pass this location. Perfect for commercial development of retail, multi-family or office. Call today for additional property details.

Located in North Tampa immediately South of Fletcher Avenue. Situated 1.5 miles west of I-275.

Lot Size: 3.67 acres

Map of 12701 N. Florida Avenue, Tampa, FL, 33612

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.