$795,900

Photos are of similar 5 unit that just sold - see 2608 W Columbus Drive unit 1-5. True “Shovel Ready” Luxury Townhome Project in Booming West Shore District for experienced builders and developers in South Tampa! Project will be available for a limited time before seller breaks ground. All the heavy lifting is done ready to commence construction. Property currently zoned Commercial use, CN, has an approved special use 1 (SU1) for FIVE (5) “Dwelling: Single Family, attached” townhomes (see letter from city of Tampa). This allows for RM-24 zoning which are the following: front setback of 25ft; side setbacks of 7ft; rear setback of 20ft, and maximum height of 60ft (For each foot of building height above thirty-five (35) feet, the required yards shall be increased by one (1) foot.). The Future Land use is R-20, which allows up to 18 du/acre or up to 0.5 FAR. Per Hillsborough county. This rare commercial parcel spans 0.29 Acres with 125ft of frontage on S. Westshore and 100ft deep. Approved site plan calls for 5 three-story luxury townhomes with approved RM-24 setbacks with no major trees, easements or barriers for construction. Proposed build plans call for a ground floor two car garage, rear bonus room with bathroom, and deck with proper elevation in AE Flood plane. Second floor calls for open living-dinning- Kitchen combo with elegant modern finishes, half bath, all adjoined with a balcony ( if desired) for city views. Third floor features Ensuite with walk in closet, soaker tub, oversized shower, and two additional bedrooms. Full plans, elevations, renderings, approved use city letter, build plans, floor plans, site plan available upon request with executed NDA. Photos featured in listing of 5 unit luxury townhomes are of a similar project sold by the listing agent to illustrate the potential final product. This is an appealing project for the savvy investor who can build to keep as rental or exit the project upon completion with a very healthy ROI. There are many neighboring townhomes in this location that support the current evaluation metrics. Existing block commercial building on site was a FORMER RESTAURANT. CAN BE USED AS AN OFFICE, RETAIL STORE OR DIVIDED EXECUTIVE OFFICE SUITS. Current tenant in place is Month to Month allowing future builder/ Developer to collect income while final construction plans are finalized prior to breaking ground. Do not disturb tenant or business! Shown by appointment only.