This exceptional 1.5-acre commercial land parcel in Tampa, Florida, presents a compelling investment opportunity for industrial developers. Located at 6010 N Armenia Ave, Tampa, FL 33604, this property offers a unique blend of existing approvals and development potential. The site is comprised of two parcels: a 0.97-acre front parcel zoned Commercial Intensive (CI) by the city and a 0.57-acre rear parcel zoned Residential Single Family (RSC-6) by the county. Importantly, a Planned Development (PD) approval is already in place for the construction of three industrial warehouses totaling 10,200 square feet (two 4,000 sq ft buildings and one 2,200 sq ft building). This streamlined approval process significantly reduces development timelines and associated costs. Beyond the approved warehouse plan, the front parcel's CI zoning potentially allows for up to 33 multifamily units, opening the door for mixed-use development, subject to obtaining necessary entitlements. The rear parcel's residential zoning offers additional flexibility, potentially accommodating up to four residential units. This property benefits from its strategic location within a vibrant industrial and commercial area of Tampa, providing excellent access to major transportation routes, ensuring efficient logistics and distribution. The asking price is $1,000,000, representing a significant return on investment given the existing PD approval and the high demand for industrial space in the Tampa area. This fee simple ownership opportunity allows for immediate development, capitalizing on Tampa's robust industrial growth.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$8,880,930
Hospitality
$8,134,884
Educational
$6,768,128
Medical
$7,000,894
Retail
$10,528,199
Location Insight
City
Tampa
County
Hillsborough
State
Florida
Latitude
28.0021
Longitude
-82.485
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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