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    8711 Causeway Blvd Tampa, FL 33619

    For Sale
    Contact for pricing

    9 Acres, 238 Units Approved

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 9-acre parcel in Hillsborough County, Florida, presents a prime multifamily development opportunity. Located at 8711 Causeway Blvd, Tampa, FL 33619, this site boasts PD zoning and approvals for a 238-unit project, streamlining the development process. The property's strategic location offers easy access to major transportation arteries including I-4, I-275, US 301, US 41, Crosstown Expressway, and SR 60, ensuring convenient commutes for residents. Proximity to significant employers such as Coca-Cola, Progressive Insurance, USAA, and LifeLink, further enhances the property's appeal. The surrounding area exhibits strong demographics, with a projected 2023 population of 166,951 within a 5-mile radius and an average household income of $83,186, indicating robust demand for multifamily housing. The site plan includes a 4-story building with surface parking. Utilities are readily available on-site. Existing approvals from the Environmental Protection Commission, Southwest Florida Water Management District, and the Florida Department of Transportation are in place, allowing developers to proceed directly to site plan approval and construction. The adjacent Santos Flats apartments, recently sold at $405,000 per door, serve as a compelling comparable. This infill location, considered the "Gateway to Tampa," offers an unparalleled investment opportunity.

    Property Features for 8711 Causeway Blvd

    General Information

    Property type
    Land
    Lot Size
    392,040 SF

    HighLights

    • Prime infill location at the Gateway to Tampa.
    • 9‑acre parcel (7.5 upland acres) entitled for a 238‑unit multifamily development.
    • Ready for immediate site plan approval and construction; approvals secured from EPC, SWFWMD, and FDOT.
    • Surrounded by major employers including Coca‑Cola's new HQ, USAA, Progressive Insurance, Life Link, and the Hillsborough County Sheriff's Office.
    • 6‑minute drive to Downtown Tampa and Channelside; excellent access to I‑4, I‑75, I‑275, Crosstown Expressway, and US 301.
    • Four‑story building design with surface parking; utilities on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.359153773487
    Latitude
    27.922613147379

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    FAQs

    What type of property is this?
    Land - 9 Acres, 238 Units Approved
    Where is this land located?
    The property is located at 8711 Causeway Blvd Tampa, FL.
    What are key features of this property?
    This property features: Prime infill location at the Gateway to Tampa.; 9-acre parcel (7.5 upland acres) entitled for a 238-unit multifamily development.; Ready for immediate site plan approval and construction; approvals secured from EPC, SWFWMD, and FDOT.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8711 Causeway Blvd Tampa, FL 33619
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