$1,200,000
$1,500,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
9.35 Acres Lot
SOLD DATE : 01/10/2023
Key Details
Sold Price $1,200,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision 1Us | Ruskin Colony Farms 1St Extension
MLS Listing ID T3250469
Sold Date 01/10/23
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $3,654
Lot Size 9.350 Acres
Acres 9.35
Lot Dimensions irregular
Property Description
This property is truly one of a kind. Although the property falls under the future land use plan category of CMU-12 which allows for 12 residential units per acre, greater density may be possible. at 12 units per acre with 9.35 acres, the number of condos or apartments could be up to 112 units or up to 168 hotel rooms. Under CMU land use the floor area ratio is 50%. Multiple stories are possible. The property is not only at the SE corner of an Interstate Highway (I-75) and a major East-West boulevard (SR-674), it is also located in the extended Tampa City Urban Service Area (An area that establishes how far the City of Tampa can expand its urban growth.) To make this a perfect storm of development attributes, this site features a fully contained 5.5 acre (more or less) spring fed lake, making this site a potential resort destination The site has been approved too extract up to 40,000 gallons of potable water per day. Projected sales would be $2,000,000 per year with little or no costs of goods. The home could become a great waterfront restuarant.
Location
State FL
County Hillsborough
Community 1Us | Ruskin Colony Farms 1St Extension
Zoning AS=1
Exterior
Utilities Available Cable Available, Electricity Available, Fire Hydrant, Phone Available, Sewer Available
Waterfront true
Waterfront Description Beach - Private, Lake
View Y/N 1
Water Access 1
Water Access Desc Lake
Building
Lot Description Buildable, Cleared, Compact Soil, Corner Lot, Fire Hydrant, In County, Level, Other, Pasture, Paved, Suburb, Unincorporated, Zoned for Horses
Lot Size Range 5 to less than 10
Sewer Public Sewer
Water Public
Construction Status No Contingency
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with KW SUNCOAST
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