LandsofAmerica.com - Land Resources / News / Florida Tampa Has Land For Sale 'Best Offer, We'll Take It'
#1 in Land for Sale Online US Land & Ranches 2 Advertise | Member Login
Land ID Search
J. P. King Auction Company
Click Below to Find a Farm or Ranch for Sale
America
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Land for Sale
sort by
Most Popular
Most Expensive
Most Acreage

Land Resources / News / Florida Tampa Has Land For Sale 'Best Offer, We'll Take It'
Tampa Has Land For Sale 'Best Offer, We'll Take It' (complete article from source)
Source: The Tampa Tribune, by ELLEN GEDALIUS
April 08, 2008

TAMPA - Has the city got a land deal for you.

Tampa is trying to unload eight pieces of vacant land that have buildable value. The tracts are scattered throughout the city and zoned residential.

And the price is right.

"Best offer, we'll take it," said Herb Fecker, real estate division manager. "It's surplus. The objective is to get them back on the tax rolls."

In all, the city owns more than 100 pieces of land that aren't being used for much of anything. Some are tiny, as small as 46 feet by 78 feet. Others are an acre or more.

For the most part, the city acquired the land from property owners who fell behind on their taxes. If taxes haven't been paid for three years, the county forecloses. If the land is inside Tampa limits, the property is turned over to the city.

The city has plenty of incentive to sell the land. The properties aren't on the tax rolls, so the city can't collect property taxes.

The city pays an outside company about $70,000 to maintain some of its vacant properties, including even tiny slivers of land, and does the rest in-house.

Development Is Main Motive

Still, city officials say disposing of vacant land isn't all about property taxes and budgets. In many cases, they say, the land can be an incentive to get the right kind of development in the right area.

"We're not in that to make money," said Mark Huey, the city's economic development administrator. "It's one tool that we have to try to encourage private development. It's all about trying to bring private development in."

Some of the land the city purposefully bought. For example, several years ago the city used federal grant dollars to buy land along Palm and Nebraska avenues. The land must be used for economic redevelopment, such as bringing low-income jobs to the area.

When property comes to the city, the housing division takes a first look at the land. Can affordable housing be built on it?

If so, the housing division hangs on to the property and tries to work with nonprofit organizations and private developers to build low-cost housing on the sites.

Sometimes there are complications, said Sharon West, the city's housing manager, and the nonprofit groups aren't interested. There might be grand trees in the way, impeding development of the site.

So the land sits.

The city's housing division is trying to unload some of its 37 vacant parcels, preferably by turning land over to nonprofit groups and private developers who promise to build low-cost affordable housing.

The majority of city-owned, vacant land is in the city's nine Community Redevelopment Areas. The blighted areas benefit from a special taxing structure that brings money into the area for redevelopment.

The city owns at least 30 vacant parcels in East Tampa, including the former site of Gene's Bar. The city bought that property last year after years of complaints about noise, fights, litter and other problems. Now the city wants to buy some adjoining land and target the area for commercial redevelopment.

Ed Johnson, manager of the East Tampa Community Redevelopment Area, also hopes to put together deals on some of the other properties, but it's a long process.

"You need to have opportunity," Johnson said. "I would love to be able to put them into play somewhere. Until a deal's a deal, they just sit there."

Vince Pardo, manager of the Ybor City Community Redevelopment Area, faces similar hurdles. He cites 19 city-owned properties in his area. Some are parking lots, and some are areas where the Florida Department of Transportation might relocate houses as part of the interstate expansion project.

Some Parcels Held Back

Other parcels are designated for redevelopment, but no immediate plans are in the works. That's the case with two parcels at Nuccio Parkway and Seventh Avenue and one lot on the 1500 block of East 12th Avenue.

Pardo said that a hotel was interested in the Seventh Avenue property but plans never gelled.

"Unless we're looking for money, let's sit on it right now. It could be something we want as a gateway," he said.

Huey said holding off on trying to sell some of the property is good economic strategy. Better developers might eventually snap up the land and bring something viable to the blighted areas.

"When is the right time to put something on the market?" Huey said. "Do you want to sell your house in a down market?"

But the city's real estate division isn't waiting much longer to try to unload eight properties that aren't located in Community Redevelopment Areas.

The assessed value of the properties ranges from about $35,000 to about $57,000, according to city documents.

Cyndy Miller, director of growth management and development services, said that she intends to market those properties by the end of the year. Getting the best price possible - at or above market value - is the goal.

"A business would operate by getting the best value for its assets," Miller said. "The best practice might be to wait a few months."



Click here for complete article from The Tampa Tribune

Signup | Contact Us

View All Land, Farm, Ranch, and Waterfront Properties for Sale

Land for Sale | Alabama Land | Alaska Land | Arizona Land | Arkansas Land | California Land | Colorado Land | Florida Land | Georgia Land | Idaho Land | Illinois Land | Indiana Land | Iowa Land | Kansas Land | Kentucky Land | Louisiana Land | Massachusetts Land | Mississippi Land | Missouri Land | Montana Land | Nebraska Land | Nevada Land | New Mexico Land | New York Land | North Carolina Land | Ohio Land | Oklahoma Land | Oregon Land | South Carolina Land | Tennessee Land | Texas Land | Utah Land | Virginia Land | Washington Land | West Virginia Land | Wisconsin Land | Wyoming Land

Rural Homes for Sale | Alabama Homes | Alaska Homes | Arizona Homes | Arkansas Homes | California Homes | Colorado Homes | Florida Homes | Georgia Homes | Idaho Homes | Illinois Homes | Indiana Homes | Iowa Homes | Kansas Homes | Kentucky Homes | Louisiana Homes | Massachusetts Homes | Mississippi Homes | Missouri Homes | Montana Homes | Nebraska Homes | Nevada Homes | New Mexico Homes | New York Homes | North Carolina Homes | Ohio Homes | Oklahoma Homes | Oregon Homes | South Carolina Homes | Tennessee Homes | Texas Homes | Utah Homes | Virginia Homes | Washington Homes | West Virginia Homes | Wisconsin Homes | Wyoming Homes

Powered by LandsofAmerica.com
COPYRIGHT © 2003-Current, All Rights Reserved
Terms of Use