Heart of Temple Terrace: 1.75 +/- AC Retail Development Opportunity

8901 N 56th Street Tampa, FL 33617

8901 N 56th Street, Tampa, FL, 33617
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FOR SALE
Property Type:
Padsites
Amount:
$2,000,000
Last Verified:
Jul 17, 2024

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Highlights

  • Zoned Commercial General for versatile development opportunities
  • 350' frontage with direct exposure to N 56th Street
  • High traffic volume of 40K daily average for maximum visibility
  • Ideal for restaurant or retail targeting USF, Busch Gardens, and Moffitt markets
  • Positioned for future growth with City of Temple Terrace plans
  • Future land use designated as Downtown Mixed Use (DMU-35)
  • Nearby retail proof of concept with rents $32-$35/SF

Description

Uncover an exceptional retail opportunity in the heart of Temple Terrace, FL, at this prime property zoned Commercial General. Boasting 350' frontage along the high-traffic N 56th Street, this site offers unparalleled exposure with a daily average traffic volume of 40K. Positioned to draw from the nearby USF, Busch Gardens, and Moffitt medical markets, it presents a compelling prospect for retail or restaurant development. With the City of Temple Terrace planning for multimodal mobility and pedestrian connectivity, this property aligns with the area's future growth. Take advantage of this outstanding location and the potential for retail success, zoned CG with future land use designated as Downtown Mixed Use (DMU-35).

Discover an exciting retail development opportunity in Temple Terrace, FL. The location offers access to a diverse and growing market, with convenient proximity to major thoroughfares and popular neighborhoods. Nearby points of interest include the University of South Florida, Busch Gardens, Moffitt Medical and the Museum of Science and Industry. With a flourishing local economy and a strong influx of visitors, the area presents an enticing prospect for retail-pad and land investors. Take advantage of this prime location to capitalize on the dynamic Tampa market and establish a successful retail presence.

Lot Size: 1.75 acres

Map of 8901 N 56th Street, Tampa, FL, 33617

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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.