6010 Armenia AveTampa, FL 33604

  • Commercial land
  • 0.88 AC
For Sale
$1,000,000 View listing

Property Details for 6010 Armenia Ave

Lot size
0.88 AC
Zone code
PD
Property type
Commercial land
APN
A342818ZZZ000005412901
APU
A342818ZZZ000005412901

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,361
$431,207
-
$431,207
-
$431,207
-
$431,207

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