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8901 N 56th St - Retail Development Opportunity
1.75 Acres of Commercial Land Offered at £1,580,020 in Temple Terrace, FL 33617
Investment Highlights
- Zoned Commercial General for versatile development opportunities
- High traffic volume of 40K daily average for maximum visibility
- Positioned for future growth with City of Temple Terrace plans
- 350' frontage with direct exposure to N 56th Street
- Ideal for restaurant or retail targeting USF, Busch Gardens, and Moffitt markets
- Future land use designated as Downtown Mixed Use (DMU-35) Nearby retail proof of concept with rents $32-$35/SF
Executive Summary
Data Room Click Here to Access
- Monitoring Well Data
- Future Land Use
- Easement
Property Facts
1 Lot Available
Lot
Price | £1,580,020 | Lot Size | 1.75 AC |
Price Per AC | £902,869 |
Price | £1,580,020 |
Price Per AC | £902,869 |
Lot Size | 1.75 AC |
Uncover an exceptional retail opportunity in the heart of Temple Terrace, FL, at this prime property zoned Commercial 1.75 acres (more or less) of shovel ready land adjacent to key retail corridor and just west of a new 200 unit apartment building.
Description
1.75 acres (more or less) of shovel ready land adjacent to key retail corridor and just west of a new 200 unit apartment building. Boasting 350' frontage along the high-traffic N 56th Street, this site offers unparalleled exposure with a daily average traffic volume of 40K. Positioned to draw from the nearby USF, Busch Gardens, and Moffitt medical markets, it presents a compelling prospect for retail or restaurant development. With the City of Temple Terrace planning for multimodal mobility and pedestrian connectivity, this property aligns with the area's future growth. Take advantage of this outstanding location and the potential for retail success, zoned CG with future land use designated as Downtown Mixed Use (DMU-35). The City of Temple Terrace initiated the development of a Pedestrian Master Plan for the Southeast Quadrant (SEQ) of the Temple Terrace Community Redevelopment Area (CRA) to improve walkability and pedestrian connectivity in the area and to develop surface improvements and park-like amenities for the property surrounding the Springdale Outfall Pond area. This Master Plan sets a framework for pedestrian and open space amenities in the SEQ as the area continues to redevelop. City leadership is committed to a progressive and pedestrian friendly development. A perfect location for a restaurant or upscale retail. The plan does not allow storage, car wash or QSR developments on this parcel.
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £0 | |
Land Assessment | £120,192 | Total Assessment | £120,192 |
PROPERTY TAXES
zoning
Zoning Code | CG (General Commercial) |
CG (General Commercial) |
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8901 N 56th St - Retail Development Opportunity
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