Ruskin, FL 33570,Address not disclosed
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Ruskin, FL 33570,Address not disclosed
Ruskin, FL 33570,Address not disclosed
Ruskin, FL 33570,Address not disclosed
Ruskin, FL 33570,Address not disclosed

$1,200,000

Est. payment /mo

$1,500,000

20.0%
Est.Price: ?

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Address not disclosed Ruskin, FL 33570

9.35 Acres Lot

SOLD DATE : 01/10/2023

Key Details

Sold Price $1,200,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision 1Us | Ruskin Colony Farms 1St Extension

MLS Listing ID T3250469

Sold Date 01/10/23

Construction Status No Contingency

HOA Y/N No

Originating Board Stellar MLS

Annual Tax Amount $3,654

Lot Size 9.350 Acres

Acres 9.35

Lot Dimensions irregular

Property Description

This property is truly one of a kind. Although the property falls under the future land use plan category of CMU-12 which allows for 12 residential units per acre, greater density may be possible. at 12 units per acre with 9.35 acres, the number of condos or apartments could be up to 112 units or up to 168 hotel rooms. Under CMU land use the floor area ratio is 50%. Multiple stories are possible. The property is not only at the SE corner of an Interstate Highway (I-75) and a major East-West boulevard (SR-674), it is also located in the extended Tampa City Urban Service Area (An area that establishes how far the City of Tampa can expand its urban growth.) To make this a perfect storm of development attributes, this site features a fully contained 5.5 acre (more or less) spring fed lake, making this site a potential resort destination The site has been approved too extract up to 40,000 gallons of potable water per day. Projected sales would be $2,000,000 per year with little or no costs of goods. The home could become a great waterfront restuarant.

Location

State FL

County Hillsborough

Community 1Us | Ruskin Colony Farms 1St Extension

Zoning AS=1

Exterior

Utilities Available Cable Available, Electricity Available, Fire Hydrant, Phone Available, Sewer Available

Waterfront true

Waterfront Description Beach - Private, Lake

View Y/N 1

Water Access 1

Water Access Desc Lake

Building

Lot Description Buildable, Cleared, Compact Soil, Corner Lot, Fire Hydrant, In County, Level, Other, Pasture, Paved, Suburb, Unincorporated, Zoned for Horses

Lot Size Range 5 to less than 10

Sewer Public Sewer

Water Public

Construction Status No Contingency

Others

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by YELLOWFIN REALTY
Bought with KW SUNCOAST

Stephen Michalakos

Senior Real Estate Advisor | License ID: SL3408427

+1(727) 601-8676

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