2124 S 78th STREET
Tampa, FL, 33619 $ 950,000
Baths0.0 Sq 2,016 Monthly Estimate*
$ 6,314
Studio
for $950,000. This 2,016 square foot building was built in 1977 on a lot size of 2.8.
**Prime Commercial Real Estate Opportunity in Tampa Area – 2.8 Acres MOL** (price does not include business) Seize a remarkable investment opportunity with this 2.8 -acre property strategically located in a thriving commercial neighborhood of Tampa. This property, currently zoned for both CN (Commercial Neighborhood) and BPO (Business, Professional Office), offers a versatile foundation for various commercial endeavors or office industrial developments. **Acreage:** 2.8 acres MOL, with a professional survey available. **Zoning:** Dual zoning CN and BPO – ideal for a mix of retail, service, and professional office applications. **Future Land Use:** R-9, offering potential for residential development up to 9 units per acre. Development Potential: The current R-9 land use designation opens the door for rezoning for residential building projects, including high-density housing. With the adjacent property also for sale, there's a combined potential of approximately 5 acres (carwash property located at 2134 S 78th Street), presenting a rare chance to develop government housing or a mixed-use complex that can cater to a growing demand in the area. Located in a bustling commercial district with easy access to major highways, local businesses, and community amenities, this property positions future developments at the heart of convenience and growth. Whether you're looking to expand current commercial structures or explore residential developments, this property offers the flexibility to align with market demands. Its robust zoning permissions and significant acreage make it a prime candidate for a landmark project in Tampa. This listing accentuates the property’s flexible use under current zoning laws and its potential for future residential or mixed developments, making it an attractive investment for commercial developers and government housing planners alike. Current Lease Details: • Tenant Stability: A reliable tenant in place, having recently renewed their lease option for an additional 5 years as of April 1, 2024. • Annual Rent Increase: Contractual rent increase of 2% per year, ensuring a growing income. • Lease Documentation: Full lease details available upon request. This 2.8 acre site consists of a 2,016 SF convenience store structure (price does not include business) along busy 78th Street in the heart of Claire Mel. The property has excellent parking, additional storage opportunity, room for expansion and excellent visibility and signage with exposure to almost 20,000 cars per day. No historical c-store sales data will be available. There is currently a tenant on site paying estimated $2600 per month plus sales tax gross for c-store and paved parking area only. Additional covered area adjacent to the store can be leased to increase income and has been rented for food trucks, car detailing and fruit stands over the years. The convenience store and adjacent covered storage structure utilizes approximately 20,000 SF of land while approximately 101,899 SF or 2.34 acres lie to the east of the store. This land is also zoned BPO and has a Future Land Use of Residential 9 (.35 FAR). Potential use for this "excess" land is a 50,949 SF residential development of 21 units or a potential commercial office development totaling 35,664 SF of building.
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FeaturesGeneralCooling Central Air
Zoning BPO
Construction Materials Block Concrete
Year Built 1977
Property SubType Retail
Tax Year 2023
Percent Ownership Other
County Hillsborough
New Construction No
Property Type Commercial Sale
Subdivision Name SOUTH TAMPA SUB
Status Active
Directions US-301 S Right on Causeway Blvd Right on 78th St. property on right
City TAMPA
Buyer Agent Compensation 2.5%-$460
View Y/N No
MLS Area 33619 - Tampa / Palm River / Progress Village
Lot Size Units Acres
Lot Size Square Feet 121900
Waterfront Y/N No
Street Name 78th
Tax Annual Amount 8295
Additional Parcels Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/stellar/T3520390
Days on Market 1
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 1
Legal Description SOUTH TAMPA SUBDIVISION N 193.5 FT OF TRACT 5 IN SW 1/4 AND LESS R/W FOR 78TH ST
Water Access Y/N No
Water View Y/N No
Flood Zone Code X
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ExteriorLot Size Area 2.7984
Foundation Details Slab
Number of Buildings 1
Building Area Total 2016
Street Suffix STREET
Lot Size Acres 2.8
Road Surface Type Other
Road Frontage Type City Street
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InteriorAir Conditioning Y/N Yes
Total Baths 0
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* Excluded FeaturesList ByM Six Realty Powered By SellstateBroker
elenavmejias@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,314
- Monthly Property Taxes
- $691
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Tampa, FL
Average List Price $1,621,727
Percent of Sale Price 71%
About Tampa, FL 378,990 Population
25% Since 2002
$ 49,435 Median Income
37.04 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/19/2024 | $950,000 | | Listed Price |