Knights Run Ave and Beneficial Dr., Tampa, FL 33602 - Hillsborough County

This approximately .84 acre parcel was planned for Phase 2 of the Plaza Condominiums and can be used for up to 300 multi-family units. The site is within Harbor Island DRI and is permitted for up to 300 residential condo or rental units, hotel, retail or office uses. The Seller's prefer a long term ground lease but will look at all other purchase options including the cash price.

Location: Located in one of Tampas most exclusive neighborhoods, this parcel is situated on the northwest corner of Knights Run Avenue and

S. Beneficial Drive on Harbour Island in Tampa, FL. Harbour Island is connected to Downtown Tampa via two bridges and is

minutes from Channelside and Ybor City in the heart of Tampa.

Entitlements: Under the Harbour Island DRI and the applicable development ordinances, orders and agreements, the parcel is entitled for up to

200 residential units, up to 20,000 SF of retail uses, up to 10,800 SF of office uses or 10 hotel rooms. In addition, the rights to

develop another 118 residential units, 38,665 SF of retail uses, another 18,000 SF of office uses and another 10 hotel rooms might be

transferable to this parcel by the developer of the adjacent Plaza Harbour Island condominiums. However, the site cannot be

developed for multi-family residential purposes through March, 2014; for purposes of this restriction, multi-family residential

excludes fee simple townhouses and condominium units sold primarily for owner occupancy on a unit-by-unit basis. No boat slips

are offered with this property.