This rare 9940 SF buildable lot is located in the center of Hyde Park, one of the most sought after areas in Tampa. The parcel is currently zoned RO-1 (Res/Office- 1.0 FAR) and allows for potential development based upon existing zoning of up to 9940 SF of Residential or Office use, although parking requirements and overlay requirements may limit the maximum building envelope. Preliminary plans have been drawn (see Documents tab) which show a potential multi-story development (parking beneath structure) of general office space of up to 4848 SF with 16 parking spaces or a Medical Office development of approximately 3000 SF, assuming a variance to reduce parking by 2 spaces. The Future Land Use of RES-50 (Residential - 50 Units/acre) offers additional design and development possibilities for multi-family development. Currently, the site would offer a potential multi-family development of up to 9 units (40 du/acre) without meeting bonus provisions for the 50 du/acre maximum density) assuming development meets the development guidelines and architectural review within the Hyde Park Historic District. With Office, Medical, and Residential being in such short supply in this highly demanded market this property offers a unique opportunity to design to personal specs as one of the last undeveloped parcels of land in the district. Also available for lease - build to suite. Sale: $649,000 Lease: $27.00 sf/yr NNN based on estimates for shell space. Build to suit lease rates may vary depending upon specifications.
Listing courtesy of BAY STREET COMMERCIAL LLC.
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