505 N Rome Ave, Tampa, FL 33606
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1 DOWNTOWN TAMPA MULTIFAMILY REDEVELOPMENT SITE OFFERING SUMMARY Sale Price: $4,500,000 Lot Size: 1.39 Acres PROPERTY OVERVIEW 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. Existing Building Size: Zoning: 28,509 SF GMU-24 with CMU-35 or UMU-60 potential 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. Market: Downtown Tampa Submarket: University of Tampa / NoHo / West Riverfront Price / SF: $74.32 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.
2 HIGHLIGHTS & SAMPLE DEVELOPMENT PHOTOS SALE HIGHLIGHTS Proposed Student Housing / Multifamily Development by University of Tampa in the heart of NoHo and West Riverfront districts Acre Development 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 No known environmental issues per Hillsborough County Environmental Protection Commission or EPA Tenant in need of more space is looking to relocate its operations.
3 UNIVERSITY OF TAMPA / NOHO MULTI-FAMILY / STUDENT HOUSING REDEVELOPMENT SITE SAMPLE MULTIFAMILY SITE DEVELOPMENT PHOTOS
4 LOCATION MAPS
5 AERIAL MAP
6 RETAILER MAP
7 DEMOGRAPHICS MAP POPULATION 1 MILE 3 MILES 5 MILES Total population 18,211 98, ,907 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 7,316 44,264 93,573 # of persons per HH Average HH income $59,168 $74,117 $70,474 Average house value $307,300 $402,997 $335,002 * Demographic data derived from 2010 US Census
8 GRIMALDI COMMERCIAL REALTY CORP. COMPANY BACKGROUND AND SERVICES EST. 1975, EXPERIENCE IS THE DIFFERENCE Grimaldi Commercial Realty Corp. has been serving the Tampa Bay and surrounding areas in Florida since Our vast experience and unparalleled knowledge and presence in the local market makes us the professional of choice in commercial real estate and investment properties. We have the Commercial and Investment markets totally unmatched with a team of experienced agents that specialize in all sectors of the commercial market: Seller & Buyer Representation Landlord & Tenant Representation Investment & Financial Analysis Property Valuation Short sales & Foreclosures Property Management Multifamily and Income Producing Investments Land Sales & Development Retail and Office Sales & Leasing Industrial Sales & Leasing We utilize the latest in technology being affiliated with over 40+ local, national, and international commercial marketing sites to aggressively market and move our listings to closing quickly. Grimaldi Commercial Realty Corp. performs a careful assessment of each client s needs before creating the perfect and specialized marketing plan for each property. Our philosophy of continuing hands-on involvement throughout the entire process has led to continued success and growth since One of Tampa Bay s premier and acknowledged commercial real estate experts, Grimaldi Commercial Realty Corp. provides a personalized and professional service approach with a history of long-term client relationships. Contact your Sales & Leasing Staff at Grimaldi Commercial Realty Corp.
9 ADVISOR BIO DEREK M. SECKINGER Commercial / Industrial Property Sales Associate PROFESSIONAL BACKGROUND Derek Seckinger, Sales associate, is a Sales and Marketing Professional with 25 years of experience in sales, as a former business owner, V.P., Sales Trainer, and in related sales and marketing executive titles. Derek is a consummate professional and people person, who is drawn to work that help both people and companies grow. In his diligent work ethic, Derek is a firm believer in being proactive and in making things happen rather than waiting for them to happen. Feeling blessed in life, Derek always has a positive outlook. He is a serial entrepreneur and believes in the American dream, that if you work hard enough, you can accomplish anything. "The only place Success comes before Work is in the dictionary" - Vince Lombardi. 115 W Bearss Ave Tampa, FL T C Derek@grimaldicommercialrealty.com FL #SL Experience in the following: Contract negotiations and due diligence Investment & Financial Analysis Warehouse & Industrial Sales & Leasing Retail Sales & Leasing Office Sales & Leasing Multi Family Development Land & Commercial Development Land Sales & Development and Urban Infill Property Valuation 1031 Exchanges EDUCATION Tampa native since 1981, attending Buchanan Jr. High, then Chamberlain H.S., and first graduating class of Gaither H.S. Derek attended several major universities around the country before completing a double major in International Business Management and Business Finance from University of Phoenix.
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