1103 22Nd StTampa, FL 33605

Property Details for 1103 22Nd St

Year built

2009

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

28.70 AC

Property size (Sq ft)

364,163 SF

Zone code

PD

Property type

Retail properties

Property subtype

Outlet malls

APN

A172919ZZZ000005925100

APU

A172919ZZZ000005925100

Description

This exceptional 3.07-acre commercial land parcel presents a unique investment opportunity in Tampa's vibrant Ybor City. Strategically located just east of Downtown Tampa and in close proximity to the Ybor City Historic District, this site benefits from excellent visibility directly off FL-618/Selmon Expressway. The property is zoned Planned Development (PD), offering flexibility for a variety of commercial uses. Its location near a high-traffic area, with an IKEA store averaging 1.3 million annual visits, ensures significant exposure and potential for high foot traffic. This prime location offers unparalleled access to a dense population base and a thriving commercial environment. The expansive lot size provides ample space for development, making it ideal for businesses seeking a prominent presence in this rapidly growing area of Tampa. The property's strategic location and zoning flexibility make it an attractive proposition for developers and investors seeking a high-impact commercial investment in a dynamic and historic neighborhood. This is a rare opportunity to acquire a significant land parcel in a highly sought-after location within the Tampa Bay area.

• CAP approach

  CAP return

  Valuation

  6%

  $110,518,616

  6.5%

  $102,017,184

  7%

  $94,730,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $167,597,856

  Geo Method

  $167,597,856

• Alternative Use

  Use

  Valuation

  Residential

  $86,055,312

  Hospitality

  $78,826,208

  Educational

  $65,582,476

  Medical

  $67,837,960

  Retail

  $102,017,184

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9541

Longitude

-82.4325

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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