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$2,550,000
Est. payment /mo
2.3 Acres Lot
UPDATED:
11/27/2024 10:45 PM
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Pinellas Groves
MLS Listing ID TB8300172
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $8,146
Lot Size 2.300 Acres
Acres 2.3
Lot Dimensions 166x604
Property Description
Rarely available in Pinellas County, Residential Multifamily approved with industrial/commercial use! Offered at $2.6M with Seller retaining 4 units at completion of development. Owner/Seller Financing available to experienced and qualified developers. please inquire for details. One of a kind Urban Luxury Development opportunity for a local or regional builder(s)/developer(s) to secure a rare land entitlement. Approved site plan spans over 2.3 Acres calls for development of 29 exquisite luxury townhome residences, a reinforced steel auto storage area approved for 35 climate controlled Luxury Garage lofts with lifts, chic modern amenities such as a resort style pool, gazebo, seating and hosting space, private restroom area, lush tropical landscaping for privacy, green space for a play area and/or dog park, ample guest parking areas, and gated security access are some of the prominent features of this community that will guarantee prolific returns for the right investor. The seller(s) have spared no expenses over the last Three Years on the tedious planning, zoning, site plan, architectural plans, civil engineering, approval process, professional design studio elevations and renderings while working closely with the city, county, and local community to rezone the land. This project is in the final stages of approval and will be delivered with all entitlements offered in the renderings and site plan. The seller(s) have strategically not created an HOA-DECLARATION OF COVENANTS, BYLAWS, and Articles of Incorporation which allows flexibility to future owners to allow short term rentals or restrict to seasonal or long-term rentals for owners. This affords the new owner(s) the ability to control management, association fees, and several cost-effective and mitigating decisions of the project to maximize ROI. This rare offering allows for individual Phase pre-construction sales of each unit separately with its own deeded Luxury garage loft space. Alternatively, the new owners can develop and keep this Class A multifamily asset for long term cash flow, passive income, appreciation, and tax benefits. This is the first in class MF Urban luxury auto townhome project in all Pinellas County and Greater Tampa Bay area that cannot be compared to other generic townhome communities. The proposed floor plan for each 4 level luxury townhome which sits just under 45ft in height is composed of 405sqft on the ground floor with various design options such as a 1st floor primary on suite, level 2 features 696sqft, with the kitchen, dining, and living room area, level 3 features two more primary ensuite units with walk in closets, and laundry room, and level 4 boast its own primary suite with a private roof deck spanning just under 300sqft per unit. This opportunity will not last and will be available for a limited time as the current sellers may decide to keep the project and break ground in the future. Shown by appointment only. Additional information such as offer deadline, OM, Proforma, additional renderings, floor plans, will require a signed NDA, available upon request. All information presented in this listing should be independently verified by buyers/ buyer's agent.
Location
State FL
County Pinellas
Community Pinellas Groves
Exterior
Utilities Available BB/HS Internet Capable, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Utility Pole, Water Available, Water Nearby
Building
Lot Description Buildable
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water None
Others
Ownership Fee Simple
Acceptable Financing Cash, Owner Financing, Private Financing Available
Listing Terms Cash, Owner Financing, Private Financing Available
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by LPT REALTY, LLC