This exceptional 1.25-acre commercial land parcel presents a unique opportunity for a restaurant development in the highly desirable South Tampa area. Boasting stunning waterfront access and breathtaking sunset views of Tampa Bay, this site offers unparalleled appeal. The property includes rooftop development potential, a wrap-around public boardwalk, and access to public boat slips, enhancing its attractiveness to potential clientele. The location is strategically situated within a thriving community, adjacent to several significant new developments, including the future Tyson Point (625 multi-family units and 6,000 square feet of retail) and Broadstone Westshore (325 multi-family units). This ensures a robust and growing customer base. The surrounding area features established and popular restaurants such as Salt Shack, Hula Bay, and the Westshore Marina District, further solidifying its position within a vibrant culinary scene. The site is also part of a larger development that includes 495 luxury multi-family units, providing a built-in residential market. The average household income within a 5-mile radius is a substantial $161,889, indicating high consumer spending power. This prime location and unique features make this a truly exceptional investment opportunity for a discerning restaurant operator. Hillsborough County location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$26,453,206
Hospitality
$24,230,996
Educational
$20,159,904
Medical
$20,853,234
Retail
$31,359,850
Location Insight
City
Tampa
County
Hillsborough
State
Florida
Latitude
27.8855
Longitude
-82.5403
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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