Re/Max Realtec Group Inc
Welcome to Palmetto Beach Pointe A 78-Unit Mixed-Use Development Opportunity in Vibrant Tampa with the potential for Multi-Million dollar returns. Discover an unparalleled investment opportunity to purchase 1.04 Acres of Land in the heart of Tampa, Florida, with a Fully Entitled & Shovel Ready development project ready for execution. Situated in one of Florida's most dynamic & rapidly growing cities, this prime parcel of land offers the perfect canvas for a developer to make great returns on an already designed & approved high density urban development. The site, spanning from South 22nd St to Maple & Oakwood Ave is located at the nexus of downtown Tampa offering excellent visibility & accessibility. This highly sought-after location is 1 mile from Tampa's central business district, cultural attractions, & major transportation arteries, making it an ideal destination for residents, businesses, & visitors alike. The centerpiece of this development opportunity is a thoughtfully designed residential component consisting of 78 units. These units will cater to the diverse housing needs of Tampa’s ever-growing community with 50K units still lacking in the main city, this development offers a mix of studio, one-bedroom & two bedroom units. These contemporary living spaces will be designed to maximize comfort, convenience, & modern living standards. Residents will enjoy an array of high-end amenities, including:
• A mezzanine floor terrace with views of McKay Bay waterfront
• A fitness center equipped with state-of-the-art equipment
• A lushly landscaped courtyard and communal green spaces, including dog park
• Secure, covered parking with ample spaces for residents
• An inviting lobby and communal areas for social gatherings.
This development opportunity includes prime commercial space. With the increasing demand for retail & dining options in the area, this space offers the perfect canvas for establishing flagship stores, boutique shops, cafes, & restaurants.
The dynamic street presence ensures high foot traffic & visibility for businesses, creating an attractive proposition for commercial tenants. Tampa is experiencing rapid population growth, a thriving economy, & a burgeoning tech sector. As a result, this mixed-use development project is positioned to capitalize on these trends. 1 Mile away for University of Tampa (30,000) students & downtown proper. The property offers an opportunity to become a landmark destination within the city, attracting residents seeking modern, urban living & entrepreneurs looking to establish or expand their businesses.
• Prime location in one of Tampa's most desirable neighborhoods • Diverse & growing residential market • Strong demand for commercial space in the area • Potential for lucrative rental income & capital appreciation.
Don't miss the chance to be part of the huge returns (upwards of 20M in profits) in a state where the population is only growing by the day. This 78-unit mixed-use development opportunity represents a sound investment in a thriving city with a bright future. Contact us to explore this prime property and turnkey investment. This property is being sold as a package of 4 parcels: 1305 S 22nd St, 2017 & 2015 Maple Ave & 2020 Oakwood Ave for a total of just over 1 Acre!
Have a chance to invest in a project whose:
Construction Cost: 25.8M
Actual After Development Value: 38.5M @ 4.5 Cap-
5 Year Trended Value: 42.2M @ 4.5 Cap
Profit: 13M in 2 years or 17M in 5 years
Have you outgrown your current home, do you wish to downsize, or are you thinking about a change of scenery? Buying a home represents one of the most significant investments of your life. For most, this is an exciting but overwhelming time. You want someone looking out for your interests.
Whether new construction or pre-owned, we’ll help you find the perfect home to fit your needs. Our buyer services are paid for by the seller, so you can leverage our expertise without paying a buyers’ agent fee. We look forward to helping you start the next chapter of your Tampa Bay housing journey!