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1121 Twiggs Street, TAMPA, FL 33602
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1121 Twiggs Street
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Would you like to sell your home before you purchase this one?
Priced at Only: $14,600,000
For more Information Call:
Address: 1121 Twiggs Street, TAMPA, FL 33602
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  • MLS#: TB8310023 ( Commercial Sale )
  • Street Address: 1121 Twiggs Street
  • Viewed: 64
  • Price: $14,600,000
  • Price sqft: $476
  • Waterfront: No
  • Year Built: 1925
  • Bldg sqft: 30645
  • Days On Market: 42
  • Additional Information
  • Geolocation: 27.952 / -82.4475
  • County: HILLSBOROUGH
  • City: TAMPA
  • Zipcode: 33602
  • Subdivision: Interstate Investment Co
  • Provided by: ENGEL & VOLKERS TAMPA DOWNTOWN
  • Contact: Virginia Torres Bond
  • 813-863-1986
  • DMCA Notice
  • Description
    Seize the opportunity to acquire a prime redevelopment site in Tampas Channel District. This assemblage consists of three adjacent parcels at 1121, 1125, and 1127 E. Twiggs St., totaling approximately 0.7049 acres. The 30,706 SqFt is the total square footage of the land. Zoned CD 1 (Channel District Mixed Use) with a Current FAR of 7.0, the property offers flexibility for mixed use commercial projects. Potential developments include office, retail, hospitality, and hotel ventures, making it an ideal asset for investors aiming to leverage Tampas rapid growth. Located next to Madison Street Park and Dog Park, this site offers adjacent green space and a prime position near top attractions like the Tampa Riverwalk, Amalie Arena, Sparkman Wharf, and the Florida Aquarium. Its proximity to the Tampa Convention Center, which hosts over 100 major events annually, amplifies its appeal for hotel and hospitality developments catering to business and leisure travelers. The Tampa Riverwalk, a major draw with over 1.2 million annual visitors, ensures foot traffic and visibility for retail and hospitality businesses. Initiatives such as the Riverwalk Attraction Pass, which saw 12,000 visitors redeem passes in 2023, further bolster the areas vibrancy. The property benefits from excellent connectivity, with access to major roads such as Channelside Drive, FL 618 (The Selmon Expressway), I 275, and I 4. Public transit is available via the TECO Line Streetcar, linking downtown Tampa with Ybor City. Tampa International Airport, located just a short drive away, is undergoing a $2.5 billion expansion, positioning itself to handle up to 35 million passengers by 2037. The airport's growth enhances the potential for developments catering to both domestic and international travelers. Port Tampa Bay, Floridas largest port, is located 0.3 miles from the property, handling over 36 million tons of cargo annually. This offers a logistical advantage for large scale construction projects or businesses reliant on imported materials. Continued investment in the port's expansion will support Tampas commercial and industrial growth. Utility services at the site are robust, with power from Tampa Electric, water and sewer services from the City of Tampa, and internet from Spectrum and Frontier Communications, making the site fully equipped for various development possibilities. Tampas economy is booming, driven by industries like finance, technology, healthcare, and real estate. Major corporations such as Raymond James Financial, Bloomin Brands, and Moffitt Cancer Center are fueling the citys rapid growth. This environment is attracting investment, with over $1 billion in taxable hotel revenue generated in Hillsborough County in 2023, a 4.82% increase from the previous year. Tourism plays a key role, with 26.7 million visitors contributing $8.5 billion annually and the world renowned beaches of St Pete and Clearwater less than 30 miles away. Tampa is also a top migration destination, with a net gain of 54,000 between July 2022 and July 2023. This influx, driven by affordable living and favorable business conditions, positions Tampa as one of the nations fastest growing regions. With its prime location, flexible zoning, and proximity to key attractions and transportation hubs, this 0.7049 acre site offers exceptional potential for investors looking to shape the future of downtown Tampa.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Land Information
  • Lot Features: Central Business District, City Limits, Near Public Transit, Seaport, Sidewalk
Garage and Parking
  • Garage Spaces: 0.00
  • Parking Features: Parking Spaces - 6 to 12, Common
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Electric: 220 Volts
  • Heating: Central
  • Road Frontage Type: City Street
  • Sewer: Private Sewer
  • Utilities: Electricity Available, Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Legal Description: INTERSTATE INVESTMENT COMPANY'S PLAT NO 1 THAT PART OF LOT 6 DESC AS BEG AT NE COR & RUN SLY TO S BDRY OF LOT 6 ELY .06 FT TO SE COR OF LOT 6 AND NLY TO BEG BLOCK 1 . . . LOTS 7 8 9 BLOCK 1 . . . 13 FT STRIP ABUTTING ON S BDRIES OF LOTS 7 THRU 9
  • Area Major: 33602 - Tampa
  • Parcel Number: A-19-29-19-4WY-000001-00006.0
  • Possession: Close of Escrow
  • Views: 64
  • Zoning Code: CD-1
Nearby Subdivisions
Bonniehaven   City Blue   Clarkes Subdivision To The Cit   Interstate Investment Co  
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Headshot for Associate Frank Filippelli
  1. Frank Filippelli, Broker,CDPE,CRS,REALTOR ®
  2. Southern Realty Ent. Inc.
  3. Quality Service for Quality Clients
  4. Mobile: 407.448.1042
  5. frank4074481042@gmail.com