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4465 W Gandy Blvd
Tampa, FL 33611
Land For Sale
·
6.88 AC
Investment Highlights
- Previous improvements have been demolished and excavated with impervious areas removed.
- Flexible zoning allows developers to secure administrative approvals for a variety of uses.
- Existing elevations range from 7.0-8.5.
- Infill submarket with lack of vacant land, geographic land constraints, and affluent demographics.
Executive Summary
The Site is currently zoned Commercial-Intensive (“CI”) allowing for a wide variety of uses at a 3.25 FAR. Current owners have conceptualized a site plan for a +/-260-unit multifamily project (surface parked with a small single story parking structure) that adheres to zoning restrictions and requires only administrative approval; however, a developer may have the opportunity to seek approvals to increase density or develop a different use altogether. The Property’s location and visibility makes it an ideal site on which to develop a multifamily, hospitality, or a commercial project.
Situated north of the intersection of Gandy Boulevard and Manhattan Avenue, the Property is in a highly visible location between desirable, densely populated residential neighborhoods and the Gandy retail corridor which includes many restaurants and convenient neighborhood shopping such as a brand-new Publix Grocery Store and a newly remodeled Super Target. The ultra-convenient location is minutes away from downtown Tampa, the Westshore Office Market, and the Gateway Office market, while the immediate area is home to major new developments including the exciting Westshore Marina District and the exclusive Isles of Tampa Bay.
Property Facts Under Contract
1 Lot Available
Lot
| Lot Size | 6.88 AC |
| Lot Size | 6.88 AC |
6.88 acres of commercial land.
Description
+/-6.86-acre development site (+/-6.32 acres developable) located in the coveted South Tampa submarket (the “Property” or the “Site”). As one of the largest contiguous pieces of land remaining in South Tampa, the Site offers developers a rare opportunity to deliver a project with scale in an in-fill area with high barriers-to-entry. The Site is currently zoned Commercial-Intensive (“CI”) allowing for a wide variety of uses at a 3.25 FAR. Current owners have conceptualized a site plan for a +/-260-unit multifamily project (surface parked with a small single story parking structure) that adheres to zoning restrictions and requires only administrative approval; however, a developer may have the opportunity to seek approvals to increase density or develop a different use altogether. The Property’s location and visibility makes it an ideal site on which to develop a multifamily, hospitality, or a commercial project.
