1314 148Th Ave Lutz, FL 33549
This exceptional 1.73-acre (75,479 sq ft) site in Lutz, Florida, presents a turnkey opportunity for medical development. The property, encompassing two parcels (APN: U-31-27-19-1D0-000000-00025.0, U-31-27-1D0-000000-00024.0), boasts a pre-approved site plan for an 11,600 sq ft medical office building. Strategically located adjacent to Tampa Family Health Centers and near the new TECO operations center, this location offers excellent visibility and accessibility. Existing developed parking is readily incorporated into the approved plan, minimizing development costs and timelines. Significant investment has already been made in site preparation, including parking lot and retention development. The sale includes a building site with a traditional deed transfer and a parking parcel, transferable via an initial perpetual lease agreement ($1/year), a cross-access/parking agreement, or an eventual deed transfer. The property is zoned RMC-6 (Residential Multi-Family Conv 6 units/ac) and is conveniently situated in Lutz, east of I-275 and US 41, providing easy access to surrounding areas. This is a rare opportunity to acquire a fully permitted medical development site, ready for immediate construction, at an asking price of $1,050,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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