Mangrove Cay Phase II Condo/Multi-Family Pad Site

Vacant Land for Sale
Catylist Listing ID: 30118280
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 36,818 SF
Sale Price: $1,629,000
Unit Price: $44.24 PSF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 11/22/2017

Overview / Comments

Barkett Realty is pleased to present a prime, pad-ready, residential condominium (or multi-family) development site offering outstanding views of Old Tampa Bay in the "Gateway District." Located just north of Gandy Boulevard in St. Petersburg, Pinellas County, Florida, the site can be developed "as of right" with a 13-story (11-story over parking), 60 unit condominium tower or multi-family development similar to the Mangrove Cay Phase I sister property. The Phase II site has access to all common area amenities for the Phase I residents including an attractive Key West style clubhouse complete with an outdoor kitchen, an outdoor gas fireplace gathering area and a large pool with a poolside bar.

· Outstanding views of Old Tampa Bay and a 26 acre nature preserve
· Stubbed for all utilities
· Pre-approved for 13-story (up to 150' in height with 11-stories over parking)
· Pre-approved for 60 unit residential condominium or multi-family development
· Access to existing/outstanding amenities (clubhouse, pool, outdoor fireplace, etc.)
· Excellent location halfway between downtown St. Pete and DT Tampa
· Surrounded by all the major transit highways connecting Tampa & St. Petersburg
· Gated community capability
· Developer can utilize existing clubhouse for pre-leasing/pre-sales
· Potential for Assisted Living Facility development
· Seller open to Joint Ventures

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Taxing Authority: City of St. Petersburg
Tax ID/APN: 173017548570000002
Zoning: NPUD-3
Largest Nearby Street: Gandy Blvd
Highway Access: I-275
Area Description: Take Gnady Blvd East and turn left on Mangrove Cay Lane NE. Site is on your right just North of the existing pool area/club house.
In Flood Plain?: Yes
Available Utilities: Electric, Water, Sewer, Storm Drain, Cable, Internet Access

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,758 45,282 119,519
Median Age: 36.51 39.9 42.67
Households: 2,397 22,214 55,594


Photograph of Listing Agent

John P. Barkett

Barkett Realty LLC FGCAR CIE Member
© Copyright Florida Gulfcoast Commercial Association of REALTORS® . All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Florida Gulfcoast Commercial Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.