Shaw's Motel - 1509 E Hillsborough
Retail | 10,692 SqFt
Marketing description
Rare Commercial Intensive Zoning Redevelopment Opportunity in a High-Growth Corridor
This property is one of the few fully built-out sites in the area that benefits from Commercial Intensive (CI) zoning, a designation that is increasingly scarce as it is gradually being phased out in Hillsborough County. Ideally located between the casino district and Seminole Heights, the site is best suited for a redevelopment-focused investor rather than a traditional cap-rate buyer.
The zoning allows for a wide range of potential uses, including multifamily development, assisted living, car wash, or open storage, among others. The property also offers ample space to support redevelopment and has the ability to accommodate three-phase power, further enhancing its suitability for intensive commercial or mixed-use projects.
Investment highlights
Rare Commercial Intensive (CI) Zoning, a diminishing designation in Hillsborough County, offering long-term redevelopment value
Prime East Hillsborough Avenue Location
Redevelopment-Focused Opportunity ideal for investors seeking entitlement and development upside rather than stabilized cap-rate returns
Broad Range of Permitted Uses including multifamily housing, assisted living, car wash, open storage, and other intensive commercial uses
Three-Phase Power Capability enhancing feasibility for higher-intensity commercial or industrial uses
Excellent Accessibility and Visibility along a major Tampa arterial roadway
Long-Term Appreciation Potential driven by zoning scarcity and continued redevelopment in the surrounding area
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