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$14,600,000

Est. payment - /mo

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20,969 SqFt

New

1121 E TWIGGS ST Tampa, FL 33602

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Donna Calhoun

donna@calhoungrouprealestate.com +1(407) 329-6253

UPDATED:

11/02/2024 12:37 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 20,969 sqft

Price per Sqft $696

Subdivision Interstate Investment Co

MLS Listing ID TB8310023

HOA Y/N No

Originating Board Stellar MLS

Year Built 1925

Annual Tax Amount $69,468

Lot Size 0.440 Acres

Acres 0.44

Lot Dimensions 158x128

Property Description

Seize the opportunity to acquire a prime redevelopment site in Tampa’s Channel District. This assemblage consists of three adjacent parcels at 1121, 1125, and 1127 E. Twiggs St., totaling approximately 0.7049 acres. Zoned CD-1 (Channel District - Mixed Use) with a Current FAR of 7.0, the property offers flexibility for mixed-use commercial projects. Potential developments include office, retail, hospitality, and hotel ventures, making it an ideal asset for investors aiming to leverage Tampa’s rapid growth. Located next to Madison Street Park and Dog Park, this site offers adjacent green space and a prime position near top attractions like the Tampa Riverwalk, Amalie Arena, Sparkman Wharf, and the Florida Aquarium. Its proximity to the Tampa Convention Center, which hosts over 100 major events annually, amplifies its appeal for hotel and hospitality developments catering to business and leisure travelers. The Tampa Riverwalk, a major draw with over 1.2 million annual visitors, ensures foot traffic and visibility for retail and hospitality businesses. Initiatives such as the Riverwalk Attraction Pass, which saw 12,000 visitors redeem passes in 2023, further bolster the area’s vibrancy. The property benefits from excellent connectivity, with access to major roads such as Channelside Drive, FL-618 (The Selmon Expressway), I-275, and I-4. Public transit is available via the TECO Line Streetcar, linking downtown Tampa with Ybor City. Tampa International Airport, located just a short drive away, is undergoing a $2.5 billion expansion, positioning itself to handle up to 35 million passengers by 2037. The airport's growth enhances the potential for developments catering to both domestic and international travelers. Port Tampa Bay, Florida’s largest port, is located 0.3 miles from the property, handling over 36 million tons of cargo annually. This offers a logistical advantage for large-scale construction projects or businesses reliant on imported materials. Continued investment in the port's expansion will support Tampa’s commercial and industrial growth. Utility services at the site are robust, with power from Tampa Electric, water and sewer services from the City of Tampa, and internet from Spectrum and Frontier Communications, making the site fully equipped for various development possibilities. Tampa’s economy is booming, driven by industries like finance, technology, healthcare, and real estate. Major corporations such as Raymond James Financial, Bloomin’ Brands, and Moffitt Cancer Center are fueling the city’s rapid growth. This environment is attracting investment, with over $1 billion in taxable hotel revenue generated in Hillsborough County in 2023, a 4.82% increase from the previous year. Tourism plays a key role, with 26.7 million visitors contributing $8.5 billion annually and the world renowned beaches of St Pete and Clearwater less than 30 miles away. Tampa is also a top migration destination, with a net gain of 54,000 between July 2022 and July 2023. This influx, driven by affordable living and favorable business conditions, positions Tampa as one of the nation’s fastest-growing regions. With its prime location, flexible zoning, and proximity to key attractions and transportation hubs, this 0.7049-acre site offers exceptional potential for investors looking to shape the future of downtown Tampa. Don’t miss this opportunity to capitalize on one of the city’s most exciting and fast-growing districts. Full description in attachments.

Location

State FL

County Hillsborough

Community Interstate Investment Co

Zoning CD-1

Interior

Heating Central

Cooling Central Air

Exterior

Garage Parking Spaces - 6 to 12, Common

Community Features Activity Core/Center, Sidewalks

Utilities Available Electricity Available, Public

Waterfront false

Parking Type Parking Spaces - 6 to 12, Common

Building

Lot Description Central Business District, City Limits, Near Public Transit, Seaport, Sidewalk

Foundation Slab, Stem Wall

Lot Size Range 1/4 to less than 1/2

Sewer Private Sewer

Water Public

Structure Type Brick

New Construction false

Others

Ownership Other

Special Listing Condition None

Listed by ENGEL & VOLKERS TAMPA DOWNTOWN

With a passion for the real estate industry and a personal commitment to understanding the unique desires of home buyers, we are dedicated to making the process of purchasing a home a personalized and fulfilling experience. Our comprehensive knowledge of the Central Florida real estate market is more than just professional expertise—it's a foundation built on the belief that every transaction is a milestone in a client's life.

+1(407) 329-6253

donna@calhoungrouprealestate.com

6900 Turkey Lake Rd, Orlando, FL, 32819, USA

FOR MORE INFORMATION

BUYER SERVICES

Service is at the heart of everything we do, we are committed to guiding clients through every step of the real estate journey with personal attention and professional care. We're here to help you find the home of your dreams. Whether you are looking for your primary home, second home or investment property... With our professional expertise we will guide you every step of the way, our extensive knowledge and experience will ensure you have the best home buying experience possible.

SELLER SERVICES

We take the stress out of selling your home by providing a seamless experience from start to finish. Our team will put you in the best position to market your home and sell it for the highest possible price.

Donna Calhoun

1121 E TWIGGS ST Tampa, FL 33602

Donna Calhoun

Key Details

Location

Interior

Exterior

Building

Others

FOR MORE INFORMATION

BUYER SERVICES

SELLER SERVICES

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1121 E TWIGGS ST