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31151380
31151393

20826 State 54 Road, Lutz, FL 33558

$4,500,000
77 days on market
Updated 77 days ago

Sienna Village II

Details
APN 314082806
Property Type Multifamily, Mixed Use (+2)
Sub Type Commercial, Apartment Building
Net Rentable (SqFt) 220
Units 3
Year Built 2016
Stories 4
Acreage 10.770
Zoning MPUD (Master Planned Unit Development) - C1 (Retail) and PO-2 (Office)
Investment Type Redevelopment

Multifamily | 3 Units

Marketing description

Sienna Village Ii is a ±10.77-acre Entitled Mixed-use Commercial Development Opportunity Located Along the Highly Trafficked State Road 54 Corridor in Lutz, Florida, One of the Fastest-growing Areas in the Tampa Bay Region. The Property is Strategically Positioned Just East of Us-41 (Land O’ Lakes Boulevard) and Between Interstate 75 and the Veterans Expressway, Providing Exceptional Regional Accessibility to Tampa, Pasco County, and The Greater Tampa Bay Msa. The Site is Approved for a Master-planned Office and Retail Development Allowing Approximately 150,000 Square Feet of Professional Office Space And Up to 30,000 Square Feet of Retail, Creating the Opportunity to Develop A Walkable Mixed-use Commercial Village Serving the Surrounding Residential Population and Business Community. Conceptual Planning for the Project Envisions a Campus-style Development With a Combination of Retail, Restaurant, and Professional Office Buildings Arranged Around Internal Streets, Landscaped Pedestrian Areas, and Shared Parking. The Plan Incorporates Multiple Retail and Restaurant Outparcels Along Sr-54 With Office Buildings Located Toward the Interior of the Site, Creating a Cohesive Environment Designed to Attract Both Professional Users and Destination Dining. The Site is Ideally Suited for a Developer Seeking to Deliver a Class-a Suburban Office Campus With Complementary Neighborhood Retail and Restaurant Uses, Capitalizing on the Rapid Population Growth and Increasing Demand for Professional Services, Healthcare, and Convenience Retail Along The Sr-54 Growth Corridor.

Investment highlights

  • Asking Price: $4.5 Million
  • 10.77 Gross Acres (9.48 Acres of Upland) – Property Consists of 10 Individual Parcels Assembled for Master Planned Development
  • Located Along State Road in Rapidly Growing Area of Pasco County Called the “growth Corridor”.
  • 550 Feet of Frontage on State Road 54 Providing Strong Visibility and Access
  • One of the Last Remaining Development Sites Along Sr-54 Capable of Supporting Office/medical, Commercial / Retail, Multifamily or Senior Housing
  • Easy Access to: State Road 54, Interstate 75, Us Highway 41, and Suncoast Parkway
  • Entitled and Approved for:
  • 150,000 Sf of Office – Multi-story or Single Story Buildings
  • 30,000 Sf of Retail
  • Large Contiguous Parcel Assembly Rarely Available on Sr-54
  • Mixed-use Entitlement Already Established
  • Strong Multifamily Demand in Pasco / North Tampa Submarket
  • High Visibility Corridor With Significant Daily Commuter Traffic
  • Positioned Between Major Tampa Growth Nodes Lutz, Land O’ Lakes, Wesley Chapel, and Tampa
  • Multi-family / Vertical Mixed-use Development
  • Multifamily / Apartments With Retail / Office on Ground Floor
  • Multifamily Use Will Require a Zoning Amendment With Planning & Zoning and County Commissioner Approval
  • Note - Call Listing Broker to Discuss Pricing and Timing for This Option.
  • An Extensive Amount of Time and Money Was Spent to Create Conceptual Site Plans, Renderings, Engineering Documents, and Other Reports for the Intended Development of a 4-story Multifamily Property Consisting of 3 Separate Buildings, 220 Apartment Units, Approximately 20,000 Sf of Ground Floor Commercial Space, Outdoor Space, Etc.
  • See Link to Prior Submittals to the County for 220 Unit Multifamily and 20,000 Sf of Commercial Space

Listing Contacts

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