Commercial Partners Realty, Inc. is pleased to announce the sale of a 0.12 AC parcel of raw land located at 1013 N. Franklin St, Tampa, FL 33602. The sale price was $850,000 which translates to over $7 Million per acre, making this one of the highest value per-acre sale transactions for land sold in the Tampa Central Business District this year.
Jim Engelmann represented the seller, Aston Chase Investment Company, in the transaction. The buyer was Om Ventures, a development group from Tampa, FL. The property is adjacent to the Herman Massey park as well as buildings of historical significance. Located within the Tampa CBD, this property is zoned for many uses allowing for residential, office and restaurant/nightclub projects.
About Jim Engelmann
Jim is a land and office real estate specialist in the Northern Tampa Bay and Pasco County markets.
Working with retailers, the franchise industry, developers and investors, Jim collaborates with sellers to market land to active users expanding into the market, while finding the site best suited to each developer’s individual needs and financial objectives.
Jim’s key areas of focus include site selection and demographic analysis for ALFs, multifamily and retail uses, as well as vacant land disposition.
He is active in multiple commercial organizations including CCIM, ULI, FGCAR and SOREP. Jim sits on the Board of Directors for the Greater Pasco Chamber and is President of the Rotary Club of Land O’ Lakes.
Commercial Partners Realty is a full service Commercial Real Estate brokerage specializing in Office, Industrial, Retail and Investment leasing and sales. Representing landlords, tenants, buyers and sellers of commercial real estate in Tampa Bay and West Central Florida, they have transacted over two hundred of million dollars of real estate.