Lease to Own
Address
2124 S 78th STREET, TAMPA, FL
Price
$ 950,000
Property Attributes
- MLS#T3520390
- TypeCommercial
- CountyHILLSBOROUGH
- CityTAMPA
- AreaTampa - Palm River - Progress Village
- NeighborhoodSouth Tampa Sub
- Zip33619
- StyleRetail
- Year Built1977
- Taxes$ 8295
- Price$ 950,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2016
- Lot Size2.8 Acres
Data Source:
Stellar MLS
Property Description
**Prime Commercial Real Estate Opportunity in Tampa Area – 2.8 Acres MOL** (price does not include business) Seize a remarkable investment opportunity with this 2.8 -acre property strategically located in a thriving commercial neighborhood of Tampa. This property, currently zoned for both CN (Commercial Neighborhood) and BPO (Business, Professional Office), offers a versatile foundation for various commercial endeavors or office industrial developments. **Acreage:** 2.8 acres MOL, with a professional survey available. **Zoning:** Dual zoning CN and BPO – ideal for a mix of retail, service, and professional office applications. **Future Land Use:** R-9, offering potential for residential development up to 9 units per acre. Development Potential: The current R-9 land use designation opens the door for rezoning for residential building projects, including high-density housing. With the adjacent property also for sale, there's a combined potential of approximately 5 acres (carwash property located at 2134 S 78th Street), presenting a rare chance to develop government housing or a mixed-use complex that can cater to a growing demand in the area. Located in a bustling commercial district with easy access to major highways, local businesses, and community amenities, this property positions future developments at the heart of convenience and growth. Whether you're looking to expand current commercial structures or explore residential developments, this property offers the flexibility to align with market demands. Its robust zoning permissions and significant acreage make it a prime candidate for a landmark project in Tampa. This listing accentuates the property’s flexible use under current zoning laws and its potential for future residential or mixed developments, making it an attractive investment for commercial developers and government housing planners alike. Current Lease Details: • Tenant Stability: A reliable tenant in place, having recently renewed their lease option for an additional 5 years as of April 1, 2024. • Annual Rent Increase: Contractual rent increase of 2% per year, ensuring a growing income. • Lease Documentation: Full lease details available upon request. This 2.8 acre site consists of a 2,016 SF convenience store structure (price does not include business) along busy 78th Street in the heart of Claire Mel. The property has excellent parking, additional storage opportunity, room for expansion and excellent visibility and signage with exposure to almost 20,000 cars per day. No historical c-store sales data will be available. There is currently a tenant on site paying estimated $2600 per month plus sales tax gross for c-store and paved parking area only. Additional covered area adjacent to the store can be leased to increase income and has been rented for food trucks, car detailing and fruit stands over the years. The convenience store and adjacent covered storage structure utilizes approximately 20,000 SF of land while approximately 101,899 SF or 2.34 acres lie to the east of the store. This land is also zoned BPO and has a Future Land Use of Residential 9 (.35 FAR). Potential use for this "excess" land is a 50,949 SF residential development of 21 units or a potential commercial office development totaling 35,664 SF of building.
| Price History | |
|---|---|
| 4/19/2024 | Listed $950,000 |
General Features
| Cooling | Central Air |
|---|---|
| Zoning | BPO |
| Construction Materials | Block,Concrete |
| Year Built | 1977 |
| Property SubType | Retail |
| Tax Year | 2023 |
| Percent Ownership | Other |
| County | Hillsborough |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | SOUTH TAMPA SUB |
| Status | Active |
| Directions | US-301 S,Right on Causeway Blvd,Right on 78th St.,property on right |
| ModificationTimestamp | 2024-04-20T05:00:08.180Z |
| City | TAMPA |
| Buyer Agent Compensation | 2.5%-$460 |
| View Y/N | No |
| MLS Area | 33619 - Tampa / Palm River / Progress Village |
| Lot Size Units | Acres |
| Lot Size Square Feet | 121900 |
| Waterfront Y/N | No |
| Tax Annual Amount | 8295 |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/T3520390 |
| Days on Market | 1 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Tax Lot | 1 |
| Legal Description | SOUTH TAMPA SUBDIVISION N 193.5 FT OF TRACT 5 IN SW 1/4 AND LESS R/W FOR 78TH ST |
| Water Access Y/N | No |
| Water View Y/N | No |
| Flood Zone Code | X |
Interior Features
| Air Conditioning Y/N | Yes |
|---|
Exterior Features
| Lot Size Area | 2.7984 |
|---|---|
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Building Area Total | 2016 |
| Lot Size Acres | 2.8 |
| Road Surface Type | Other |
| Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 33619
Price
Taxes
Visits
Year Built
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on June 16, 2024 7:57 PM UTC The listing information on this page last changed on Last updated on June 16, 2024 7:57 PM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on June 16, 2024 7:57 PM UTC
© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
