Prime location! This is one of the few parcels over 5 acres currently available on Nebraska Ave with traffic count between 20,000-40,000 vehicles per day. Currently zoned as PD, it can incorporate up to 110 multifamily units or 66 town homes. You also have the option to have a turn key investment property that generates over $400,000 in gross income. Parcel includes 11 bungalow cottages, multiple mobile homes and travel trailers, as well as 2 commercial spaces with long term tenants. Property is conveniently located on Nebraska Ave just south of Fletcher Ave for easy access to I-275, USF, VA, and Downtown Tampa. Current CAP Rate is 9.8% when calculating based on asking price.
BB/HS Internet Available, Electricity Connected, Public
In City Limits, Lot - Oversized, Street Private
Carpet, Concrete, Laminate, Other, Vinyl
Central, Other, Wall Units / Window Unit
Central Air, Other, Wall/Window Unit(s)
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Listing data comes from My Florida Regional MLS.
Listing information last updated on May 23rd, 2019 at 2:59am EDT.