Land•Multifamily•For Sale

Proposed Student Housing Multifamily Development by University of Tampa

1116 W Carmen St, Tampa, Florida 33606

Sale Price $6,500,000
Sale Type Development
Zoning PD Applied for / Future Land Use currently UMU-60
Land Area 1.76 Acres
Land Use Student Housing / Multi-Family Development
Market University of Tampa
Sub-Market Downtown Tampa
Proposed Student Housing / Multifamily Development by the University of Tampa, a 1.76 Acre Development Opportunity. Comprehensive Plan Amendment for UMU-60 has been completed Potential for estimated building size of 249k SF for Student Housing/ Multi-Family development based on achieving 3.25 FAR (site analysis by Land & Water Engineering Services). UMU-60 Provides for 2.75 FAR by right and up to 3.25 FAR if performance bonuses are met. Environmental Studies are all completed - Phase I and II and Remediation Action Plan (minimal) New ALTA Survey Corner lot at W. Carmen St and Gilchrist. Located next to the University of Tampa's student housing, track and baseball fields, blocks away from the new downtown Tampa Riverwalk under construction by Skanska, Blocks from Tampa Prep. and STRAZ Center. A thriving area in the midst of major redevelopment. Neighboring properties throughout the area were recently approved for increased density to support the increasing economic development. Large corner lot at W. Carmen St and Gilchrist. Located next to the University of Tampa's student housing, track and baseball fields, blocks away from the new downtown Tampa Riverwalk under construction by Skanska, Blocks from Tampa Prep. and STRAZ Center and newly improved Julian B. Lane Community Park. Between N. Hyde Park (NoHo) and the beautiful Armature Works Development. A thriving area in the midst of major redevelopment. Neighboring properties throughout the area were recently approved for increased density to support the increasing economic development.
  • Proposed Student Housing / Multifamily Development by University of Tampa 1.76 Acre Development Opportunity
  • Future Land Use is UMU-60 (provides for 2.75 FAR by right and up to 3.25 FAR with bonus provisions met)
  • Potential for Ground-up Development - Estimated building size of ~249k SF (based on 3.25 FAR) for Student Housing/ Market Rate Multi-Family
  • Phase I and II environmental studies have been completed
  • New Alta Survey
11/14/2019 5:32:07 PM 1/24/2020 7:38:24 PM
Derek M. Seckinger
Commercial / Industrial Property Sales Associate
Grimaldi Commercial Realty Corp
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