Tampa MSA Mixed-Use Development | Plant City, FL
Sands Investment Group is Pleased to Present For Sale the Tampa MSA Mixed-Use Land Development Located in Plant City, Florida. The Property is Shovel Ready For 249,500 SF of Retail With Ability to Modify to 858 Unit Mixed Use Multifamily Project
- 858 Unit ($28K/Door) Multifamily or Mixed Use Development Allowed By Right With Live Local Act, And Simple Modification of Permit
- Flexible Seller Willing to Close After Modification of Permits, If Necessary
- Quick Timeline to Construction
- The Epicenter of 2,600+ Acres of Large Residential Development Planning For 6,400 Residential Units, Projected to Increase Population By Over 16,000 People Within Next 5 Years
- Permit Approved For 249,500 SF of Retail With 1,066 Parking Spaces (4.3 Parking Ratio), Plus Residential, Commercial and Retail Outlots
- High Growth Submarket That Outperforms Tampa MSA
- Retail Market Rents of $23.60/SF Triple Net (NNN) With Vacancy of 1.3% And 8.7% 2022 Rent Growth in This Submarket, With No Large Retail Development Planned In The Area
- Multi-Family Market Rents of $1,524/Unit With Vacancy of 6.5% And 5.3% 2022 Rent Growth in This Submarket
- Office Market Rents of $33.36/SF Gross With Vacancy of 7.6% And 4.1% 2022 Rent Growth In This Submarket, With No New Office Developments Planned In The Area
- Developer Friendly City With Favorable and Flexible Planned Development (PD) Zoning
- School Development Planned Down The Street At Knights Griffin and Charlie Taylor
- Less Than 3 Miles to BayCare’s New $326M South Florida Baptist Health Plant City Hospital With 420,000 SF, 146 Private Hospital Rooms, 26 ICU Beds, 30 Emergency Room Beds and 8 Bed Surgery Center, Employing 800 Workers and 250 Physicians
- 100% Dry – Located at Highest Point in Plant City, 136 Feet Above Sea Level
In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953
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