$1,600,000

8311 Lake Melena Way

TAMPA FL, 33614

Description

Prime Central Location Just West of the Dale Mabry and Waters Ave Intersection. Great Investment Property or Redevelopment Site. This sale includes a connected parcel at 8418 N Grady Ave. The total acreage of both parcels is about 3.75 acres. This mixed use project currently offers 12 stilt frame 1 bed 1 bath residences fully occupied at between $700 - $850 a month situated around a small lake, a duplex fronting Grady Avenue consisting of a 2 bed 1 bath unit and a 1 bed 1 bath unit, and multiple small warehouses, all of which are currently occupied. This property is really a mixed use property with strong historical occupancy that has income from several sources, stilt homes, duplex, and small warehouses. In total, the property provides approximately $14,000 a month. Furthermore, the PD zoning will allow 40 Townhome units in a redevelopment concept.

Details

MLS#U8115254
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1972
Days On Site32

Features

SQ Feet8,256
Units16
Golf CourseN
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Area Information
StateFL
CountyHillsborough
CityTAMPA
Zip Code33614
Area33614 - Tampa
Listing VS Median (in 33614)
Price:
$1,600,000
low | high
Med:
$270,048
100% of Average
SqFt:
8,256
low | high
Med:
1,343
100% of Average
$ / SqFt:
$194
low | high
Med:
$205
44.217347886129% of Average
On Site:
32
low | high
Med:
378.500000
8.454425363276% of Average
Sourced by Back At You
Listing Updated: April 10, 2021 4:03:49 AM PDT
Michael Perez LogoMLS Number: U8115254
Listing Provided By:
Michael Perez  of  COLDWELL BANKER SUN VISTA

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