Heart of Temple Terrace: 1.74 +/- AC Commercial Development SIte

8447 N 56th Street Temple Terrace, FL 33617

8447 N 56th Street, Temple Terrace, FL, 33617
8447 N 56th Street, Temple Terrace, FL, 33617 8447 N 56th Street, Temple Terrace, FL, 33617 8447 N 56th Street, Temple Terrace, FL, 33617 8447 N 56th Street, Temple Terrace, FL, 33617 8447 N 56th Street, Temple Terrace, FL, 33617 8447 N 56th Street, Temple Terrace, FL, 33617 8447 N 56th Street, Temple Terrace, FL, 33617 8447 N 56th Street, Temple Terrace, FL, 33617 8447 N 56th Street, Temple Terrace, FL, 33617
FOR SALE
Property Type:
Other Land
Amount:
$1,000,000
Last Verified:
Jan 31, 2024

Highlights

  • 150' of Frontage with direct exposure to N 56th Street and South Riverhills Road
  • 38K Average Daily Traffic
  • Excellent opportunity for Hotel/Restaurant/Craft Brewery or retail that will draw from the USF and Busch Garden Markets as well
  • Plenty of land for outside setting or entertainment venue and parking
  • City of Temple Terrace is working future plans for multimodal mobility and pedestrian connectivity
  • Zoned CG with future land use Downtown Mixed Use (DMU-35)

Description

Florida ROI is pleased in conjunction with the City of Temple Terrace to offer for sale this 1.74 +/- AC L-shaped parcel. A perfect location for a restaurant with an outside venue, retail or boutique hotel. Plenty of visibility and high traffic count on both N 56th St and South Riverhills Drive. Temple Terrace removed the old restaurant in January 2024 but will not approve storage, car wash or QSR on this parcel. City leadership is committed and determined to facilitate the process with a progressive concept. Purchase this site today and be part of the amazing development that is occurring in Temple Terrace.

Commercial Land in heart of temple terrace

Building Size: 6765sq ft
Lot Size: 1.74 acres

Map of 8447 N 56th Street, Temple Terrace, FL, 33617

Presented by:
ROI Commercial Property Brokerage

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Eric Odum


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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.