9020 Symmes Rd, Gibsonton, FL 33534 - Hillsborough County

PROPERTY DESCRIPTION - This opportunity consists of 7.13 total acres (MOL) at the NW corner of the Symmes / East Bay roads in the Gibsonton / Riverview area. The property currently has mobile home rentals that are not included in the offering. A PD to PD rezoning is in process to: (1) Add a multi-family, apartment residential development option, (2) increase allowed residential units from 64 to a max of 85 for both townhomes (existing) and apartments (newly requested) and (3) amend to alternatively allow Commercial Apartments.

Commercial Apartments differ from the other standard apartment option requested whereas the entire 1st floor is required to be a non- residential use (e.g., retail, office, self-storage, parking, a mixture of these, etc.) and the approved zoning centers around Floor Area Ratio (FAR) and not number of units. As for the latter, the pending zoning request seeks a Future Land Use of R-12 and a .5 FAR as allowed for Commercial Apartments.

Based upon the acreage, .5 FAR, anticipated site conditions and an average apartment size of 750 SF, this projects to 120 to 150 units for the Commercial Apartment option.

LOCATION DESCRIPTION - The site is within walking distance are several retail establishments and amenities including shopping, restaurants, and a movie theater. Very good access to I-75 and points beyond make this location highly attractive. The area has seen significant development activity in recent years leaving only a few desirable in-fill properties such as this one.

PROPERTY SIZE - 7.13 Acres

ZONING - PD - Planned Development

FUTURE LAND USE - R-9 & R-12