Tampa Multifamily Land - Approved for 238 Units
Approved for 238 Units - Multifamily Land
Marketing description
Introducing an incredible investment opportunity - 238 Unit Multifamily Site located at 8625 Causeway Blvd, Tampa FL 33619. This 9-acre multifamily land is approved for the development of 238 units, making it an ideal choice for developers and investors looking to capitalize on the flourishing Tampa real estate market. Conveniently situated just 6 miles from Downtown Tampa, this property offers easy access to major transportation routes including I-4, I-275, US301, US41, Crosstown Expy, and SR60. With a location this strategic, residents will enjoy seamless connectivity to various employment hubs, including Coca Cola, Progressive, General Dynamic, USAA, Grow Financial, and LifeLink. The surrounding demographics are equally impressive. Within a 5-mile radius, the projected population for 2023 is a staggering 166,951, with an average household income of $83,186. These numbers highlight the strong demand for quality multifamily housing in this area. Don't miss out on the chance to invest in this lucrative opportunity.
Investment highlights
Causeway Blvd Apartment Land Highlights:
- Infill Area - Considered the "Gateway to Tampa"
- 9 Acres (7.5 Acres Uplands)
- Entitled for up to 238 units under a planned development
- Developer is able to go straight to site plan approval and construction plans
- Approvals currently in place from EPC, SWFWMD and FDOT
- Major Employers within 1/4 mile:
Coca Cola - Brand new Florida HQ directly across the street from the site, consisting of 1,000,000sf bottling and office (opening August 2024).
USAA - Just added 400,000sf to their existing 300,000sf of office space
Progressive Insurance - Corporate offices
Life Link - Corporate offices
Hillsborough County Sheriff's - Main Office
- 6 minutes to downtown Tampa and Channelside
- Direct Access to I-4, I-75, I-275, Crosstown Expressway, US 301
- Project is 4 story w/ surface parking.
- Santos Flats (Apartments adjacent to site) most recent comparable sale of $405k/door and sold for $120,000,000. Currently operating at a 98.5% occupancy.
- Utilities are at the site.
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