Redevelopment Opportunity on 3.31 Acres - for Sale

4510 S Dale Mabry Highway Tampa, FL 33611

4510 S Dale Mabry Highway, Tampa, FL, 33611
Aerial
4510 S Dale Mabry Highway, Tampa, FL, 33611
FOR SALE
Property Type:
Free Standing Building
Amount:
$6,500,000
Last Verified:
Jan 12, 2021

Highlights

  • 3.31 acres
  • Redevelopment opportunity
  • Zoned for CI
  • Approx. 32,000 VPD
  • Currently Zoned - CI / CC-35 (Current maximum height is 45’.)
  • Zoning Changes allowed with approval:
  • RM-24 Residential Multiple-Family: - medium density multiple-family residential development. Max. height is 60 feet, min. lot size is 5000 square feet, 1 unit per 1,815 (sq. ft.).
  • RM-35 Residential Multiple-Family: - medium-high density multiple-family residential development. Max. height is 120 feet, min. lot size is 5000 square feet, 1 unit per 1243 (sq. ft.).
  • RM-50 Residential Multiple-Family: - high density multiple-family residential development. Max. height is 200 feet, min. lot size is 5000 square feet, 1 unit per 871 sq. ft.

Description

This commercial offering is a prime redevelopment opportunity. Located near the heart of downtown Tampa, which is bustling with exciting new developments that are in progress! Nearby is Water Street, a $3-billion, mixed-use district spanning 50 acres and the NEW 22 acre MidTown Tampa, both just 10 minutes away.

Existing 21,847 square foot building sitting on 3.31 acres of land on the highly trafficked and accessible S Dale Mabry Highway in South Tampa. This property has potential to be re-purposed in a multitude of ways. It is well suited for multi-family, self-storage, retail, or as other multi-use commercial property.

* Currently Zoned - CI / CC-35 (Current maximum height is 45’.)
* Zoning Changes allowed with approval:

RM-24 Residential Multiple-Family: - medium density multiple-family residential development. Max. height is 60 feet, min. lot size is 5000 square feet, 1 unit per 1,815 (sq. ft.).

RM-35 Residential Multiple-Family: - medium-high density multiple-family residential development. Max. height is 120 feet, min. lot size is 5000 square feet, 1 unit per 1243 (sq. ft.).

RM-50 Residential Multiple-Family: - high density multiple-family residential development. Max. height is 200 feet, min. lot size is 5000 square feet, 1 unit per 871 sq. ft.

Located on the highly trafficked S Dale Mabry Hwy with a traffic count of over 32,000 vehicles per day. Near all the new Tampa development projects.


Year Built: 1993
Building Size: 21847sq ft
Lot Size: 3.31 acres

Map of 4510 S Dale Mabry Highway, Tampa, FL, 33611

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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.