19.14+- ac of Multi-Family in Sun City Center

Vacant Land for Sale
Catylist Listing ID: 29987798
Property Subtypes: Multi-Family
Gross Land Area: 19.14 Acres
Sale Price: $5,400,000
Unit Price: $282,131 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2017

Overview / Comments

The Acquisition Opportunity: Multi-Family Parcels: 19.140± acres - Entitled for 570 multi-family or 152 townhouse units with significant golf course frontage but offering is based on likely density of 360 units.

The Villages of Cypress Creek is a planned community located in Ruskin, FL in southeast Hillsborough County just east of Interstate 75 and north of State Road 674, (also known as Sun City Center Boulevard) and south of 19th Avenue Northeast. It includes Ventana North, La Paloma and Villa D’Este developed by Miller Florida Homes. The residential and commercial lots are within an original 1,650-acre community wrapped around a 640 acre nature preserve, and surrounded by an 18-hole championship golf course.

There are two shopping centers, schools, regional library, hospital and professional offices nearby. Cypress Creek is just northwest of Sun City Center, a large senior community. The new Amazon facility of over 2,000,000 sq. ft. opened in November 2014 and is located in the southwest quadrant of I-75 and SR 674. It is expected to employ over 2,000 people, creating greater need for housing and supporting commercial/retail services.

2014 Average Daily Traffic Count on Interstate 75 is 81,000 ADT and for State Road 674 is 36,000 ADT. This information is provided by FDOT. Sellers require an initial non-refundable deposit of $25,000 with the execution of the contract.

LOCATION DESCRIPTION The Villages of Cypress Creek is a planned community located in Ruskin, FL in southeast Hillsborough County just east of Interstate 75 and north of State Road 674, (also known as Sun City Center Boulevard) and along 19th Avenue Northeast. It includes Ventana North, La Paloma and Villa D’Este developed by Miller Florida Homes. It is conveniently located just 25 minutes from downtown Tampa and St. Petersburg, FL. Access is good from Interstate 75 and State Road 674 exit.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: U-11-32-19-ZZZ-000001-76450.1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,231 38,232 73,612
Median Age: 80 52.85 45.31
Households: 2,637 17,708 29,911

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company FGCAR CIE Member

Source

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