Prime location! This is one of the few parcels over 5 acres currently available on Nebraska Ave with traffic count between 20,000-40,000 vehicles per day. Currently zoned as PD, it can incorporate up to 110 multifamily units or 66 town homes. You also have the option to have a turn key investment property that generates over $400,000 in gross income. Parcel includes 11 bungalow cottages, multiple mobile homes and travel trailers, as well as 2 commercial spaces with long term tenants. Property is conveniently located on Nebraska Ave just south of Fletcher Ave for easy access to I-275, USF, VA, and Downtown Tampa. Current CAP Rate is 9.8% when calculating based on asking price.
*Listing Information provided by Florida Regional MLS or MFRMLS