Highlights
Proposed Student Housing / Multifamily Development by University of Tampa in the heart of NoHo and West Riverfront districts - 1.39 Acre Redevelopment Opportunity
Ground up development: Estimated building size of 151k SF for Student Housing or Multi-Family
Zoning Potential of CMU-35 allows for 2.0 FAR with .5 buy up and from 5-8 stories / UMU-60 allows for 3.25 FAR with .5 buy up from 5-8 stories
No known environmental issues per Hillsborough County Environmental Protection Commission or EPA
Tenant in need of more space is looking to relocate its operations
Neighboring NoHo Flats avg rent is approx. $2.34/sf/mo.
Description
1.39 Acre Proposed Redevelopment property, located in the heart of vibrant "NoHo" and "West Waterfront" Districts. This is one of the highest growth markets in Tampa, "in the spotlight of the master plan that seeks to re-invent in downtown Tampa and its connectivity with surrounding neighborhoods", per InVision Tampa.
North Hyde Park is considered “Tampa’s hidden gem,” and one of the West Tampa neighborhoods undergoing transformational change says President of North Hyde Park Alliance, with business alliance Mission: "to encourage a desirable community for people to live, while supporting a growing local employment base with leisure, cultural, healthcare and academic attractions”.
Attractive to students, young professionals and empty nesters moving from the sub-burbs as it falls between downtown and the West Shore district and has easy access to Interstates 275 and I-4. Blocks from $100M planned Tampa Streetcar expansion and modernization project servicing venues from north side of downtown to Channelside, and Ybor.
With roughly 58,000 people moving to the city of Tampa in 2016 and growing, the region stands out as an example of accelerating U.S. growth. New residents and employers are moving to the area and looking to rent office and residential spaces located in dynamic urban neighborhoods with exciting work and play amenities.
An investment of about $400 million by University of Tampa is being made in the school's expansion, says Dan Gura, VP of development and university relations.
Neighboring NoHo Flats avg rent is approx. $2.34/sf/mo.
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What is the asking price for 505 North Rome Avenue in Tampa?
The asking price for 505 North Rome Avenue is $4,350,000
How much land does the Tampa, FL property at 505 North Rome Avenue include?
505 North Rome Avenue in Tampa includes 1.390 acres of land
What is the population within 1 mile of 505 North Rome Avenue in Tampa?
The population within 1 mile of 505 North Rome Avenue Tampa, FL 33606 is 19,462 people.
Who do I contact for questions about 505 North Rome Avenue?
You should contact the listing agent,
Derek Seckinger, for any details regarding this commercial listing.
