1121 East Twiggs Street

Tampa, FL 33602

$14,600,000
Price
—
Beds
20,969 Sq. Ft.
$696 / Sq. Ft.
20,969
Sq. Ft.
$696
per Sq. Ft.

Description

Seize the opportunity to acquire a prime redevelopment site in Tampa’s Channel District. This assemblage consists of three adjacent parcels at 1121, 1125, and 1127 E. Twiggs St., totaling approximately 0.7049 acres. Zoned CD-1 (Channel District - Mixed Use) with a Current FAR of 7.0, the property offers flexibility for mixed-use commercial projects. Potential developments include office, retail, hospitality, and hotel ventures, making it an ideal asset for investors aiming to leverage Tampa’s rapid...Seize the opportunity to acquire a prime redevelopment site in Tampa’s Channel District. This assemblage consists of three adjacent parcels at 1121, 1125, and 1127 E. Twiggs St., totaling approximately 0.7049 acres. Zoned CD-1 (Channel District - Mixed Use) with a Current FAR of 7.0, the property offers flexibility for mixed-use commercial projects. Potential developments include office, retail, hospitality, and hotel ventures, making it an ideal asset for investors aiming to leverage Tampa’s rapid growth. Located next to Madison Street Park and Dog Park, this site offers adjacent green space and a prime position near top attractions like the Tampa Riverwalk, Amalie Arena, Sparkman Wharf, and the Florida Aquarium. Its proximity to the Tampa Convention Center, which hosts over 100 major events annually, amplifies its appeal for hotel and hospitality developments catering to business and leisure travelers. The Tampa Riverwalk, a major draw with over 1.2 million annual visitors, ensures foot traffic and visibility for retail and hospitality businesses. Initiatives such as the Riverwalk Attraction Pass, which saw 12,000 visitors redeem passes in 2023, further bolster the area’s vibrancy. The property benefits from excellent connectivity, with access to major roads such as Channelside Drive, FL-618 (The Selmon Expressway), I-275, and I-4. Public transit is available via the TECO Line Streetcar, linking downtown Tampa with Ybor City. Tampa International Airport, located just a short drive away, is undergoing a $2.5 billion expansion, positioning itself to handle up to 35 million passengers by 2037. The airport's growth enhances the potential for developments catering to both domestic and international travelers. Port Tampa Bay, Florida’s largest port, is located 0.3 miles from the property, handling over 36 million tons of cargo annually. This offers a logistical advantage for large-scale construction projects or businesses reliant on imported materials. Continued investment in the port's expansion will support Tampa’s commercial and industrial growth. Utility services at the site are robust, with power from Tampa Electric, water and sewer services from the City of Tampa, and internet from Spectrum and Frontier Communications, making the site fully equipped for various development possibilities. Tampa’s economy is booming, driven by industries like finance, technology, healthcare, and real estate. Major corporations such as Raymond James Financial, Bloomin’ Brands, and Moffitt Cancer Center are fueling the city’s rapid growth. This environment is attracting investment, with over $1 billion in taxable hotel revenue generated in Hillsborough County in 2023, a 4.82% increase from the previous year. Tourism plays a key role, with 26.7 million visitors contributing $8.5 billion annually and the world renowned beaches of St Pete and Clearwater less than 30 miles away. Tampa is also a top migration destination, with a net gain of 54,000 between July 2022 and July 2023. This influx, driven by affordable living and favorable business conditions, positions Tampa as one of the nation’s fastest-growing regions. With its prime location, flexible zoning, and proximity to key attractions and transportation hubs, this 0.7049-acre site offers exceptional potential for investors looking to shape the future of downtown Tampa. Don’t miss this opportunity to capitalize on one of the city’s most exciting and fast-growing districts. Full description in attachments.
  1. Listed by Virginia Torres Bond • ENGEL & VOLKERS TAMPA DOWNTOWN
  2. Listed by Sharon Stewart • BHHS FLORIDA PROPERTIES GROUP

Property Details for 1121 East Twiggs Street

Subdivision Name
INTERSTATE INVESTMENT CO
Township
29
Waterfront
No
LISTING UPDATED: 11/16/2024 09:24 AM

Property Details for 1121 East Twiggs Street

StatusActive
MLS #TB8310023
Days on Market16
Taxes$69,468 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1925
Lot Size0.44 AC / 19,206 SF
CountyHillsborough County

Building Information for 1121 East Twiggs Street

Stories-Residences-Year Built1925Lot Size0.44 AC / 19,206 SF

Property Information for 1121 East Twiggs Street

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 21761.0
  • Building Area Units: Square Feet
  • Community Features: Activity Core/Center, Sidewalk
  • Direction Faces: North
  • Directions: From Downtown Tampa, tale Twiggs St. east; cross over nebraska and then Meridian. Building will be just past Publix on the right (S. side of street).
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: City Street
  • Subdivision Num: 4WY
  • Unit Number: No
  • Street Number: 1121
  • Street Direction Prefix: E
  • Street Name: TWIGGS
  • Street Suffix: STREET
  • State: FL
  • City: TAMPA
Parking
  • Parking Features: 6 to 12 Spaces, Common
Taxes and HOA Information
  • Tax Block: 1
  • Tax Book Number: 11-54
  • Tax Legal Description: INTERSTATE INVESTMENT COMPANY'S PLAT NO 1 THAT PART OF LOT 6 DESC AS BEG AT NE COR & RUN SLY TO S BDRY OF LOT 6 ELY .06 FT TO SE COR OF LOT 6 AND NLY TO BEG BLOCK 1 . . . LOTS 7 8 9 BLOCK 1 . . . 13 FT STRIP ABUTTING ON S BDRIES OF LOTS 7 THRU 9
  • Tax Lot: 6
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: A 19 29 19 4WY 000001 00010.0, A 19 29 19 4WY 000001 00011.0
  • Additional Parcels: Yes
  • Lot Features: Central Business District, In City Limits, Near Public Transit, Seaport, Sidewalk
  • Parcel Number: A-19-29-19-4WY-000001-00006.0
  • Total Acreage: 1/2 to less than 1
  • Total Num Buildings: 2
  • Water Access: No
  • Water Extras: No
  • Zoning: CD-1
  • Living Area: 20969
Property and Assessments
  • Year Built Numeric: 1925
  • Adjoining Property: Commercial, Residential
  • Flood Zone Code: X500
  • Flood Zone Date: 10-07-2021
  • Flood Zone Panel: 12057C0354J
  • New Construction: No
  • Number Of Lots: 2
  • Numof Restrooms: 2
  • Public Survey Range: 19
  • Public Survey Section: 19
Utilities
  • Electric: 220 Volts
  • Sewer: Private Sewer
  • Utilities: Electricity Available, Public
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Slab, Stem Wall
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
Interior Features
  • Cooling: Central Air
  • Heating: Central
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No

Property History for 1121 East Twiggs Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1121 East Twiggs Street

Taxable ValueLand$1,544,162Additions$2,437,738Total$3,981,900
Tax Record2023$69,468 ($5,789 / month)
Home Facts
Total Finished SqFt21,761 SqFtAbove Grade Finished SqFt21,761 SqFtStories4Lot Size19,206 SqFtStyleOffice BuildingYear Built1925Year Renovated1985ZoningCD-1CountyHILLSBOROUGHAPNA1929194WY000001000060

Schools near 1121 East Twiggs Street

This home is within Hillsborough.
Rating
School
Type
Grades
Distance
Washington Elementary School
Public - PK to 5
Madison Middle School
Public - 6 to 8
Blake High School
Public - 9 to 12
Channelside Academy Of Math And Science
Charter - K to 8
Rating
School
Distance
Washington Elementary School
PublicPK to 5

Madison Middle School
Public6 to 8

Blake High School
Public9 to 12

Channelside Academy Of Math And Science
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1121 East Twiggs Street, Tampa, FL 33602

1121 East Twiggs Street is a mixed use property for sale in Tampa, FL 33602. This property was listed for sale on November 1, 2024 by ENGEL & VOLKERS TAMPA DOWNTOWN, it's currently listed at $14,600,000. This listing's school district is Hillsborough. Nearby schools include Washington Elementary School, Madison Middle School and Blake High School. 1121 East Twiggs Street is a 0-bed, 0-bath, 20,969 sqft mixed use property built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ENGEL & VOLKERS TAMPA DOWNTOWN, Virginia Torres Bond; BHHS FLORIDA PROPERTIES GROUP, Sharon Stewart

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/16/2024 09:24 AM