Address: 1200 block of East Lake Drive, Tarpon Springs, Florida 34688
Location: Northeast quadrant of East Lake Drive and East Lake Trail in
northern Pinellas County, Florida
Parcel Number: 04-27-16-00000-310-0800
Owner of Record: Black Hawk Estates, LLC
Property Rights Appraised: Fee Simple Interest
Typing Date of Report: August 25, 2020
Improvements: Gates and fencing
Land Area: 24+ acres (the County GIS maps shows 24.42 acres;
however, roughly 0.42 acres are in the right-of-way
Zoning Classification: RA, Residential Agriculture by Pinellas County
Future Land Use Designation: RR, Rural Residential
Census Tract: 273.09
Auction Type: Undisclosed Reserve
The subject property consists of 54 buildable pad sites or of a total of 72 pad sites within the Midyette Palms
Condominium neighborhood. Commonly known as phases 2, 3 and 4 of the development. The pads sites consist of one
24-unit pad site, one 18-unit pad site, one 6-unit pad site, and 6 pad sites remaining on the previously constructed 24 unit
pad site. (18 units were constructed, 6 units were not, so the remaining 6 pad sites are included as part of the 54 pad site
total. . Pads sites are generally 30' x 60' and would typically support an approximate 1300-1700sf, two-story condo unit.
Existing neighborhood amenities include front entrance signage, paved streets w/ concrete sidewalks & curbing,
underground utilities and stormwater retention. There are 18 existing improved padsites in the neighborhood and the
typical condo unit is 3 bedroom and two and one-half baths.
1812 E Brandon Boulevard (the “Property”) is a ±5,768 SF former Ruby Tuesday restaurant in Valrico, Florida.
Constructed in 2004, the Property consists of a freestanding restaurant building situated on ±1.44-acre parcel. The site features ample parking and excellent visibility from Highway 60, a highly trafficked east–west route with nearly 60,000 vehicles per day (VPD). Furthermore, this offering includes all FF&E. Ruby Tuesday vacated on May 1, 2019, allowing for new owners to come in with a new concept and turn-key build out.
The Property is located within a busy retail corridor of the East Hillsborough submarket. The site is positioned near numerous national credit tenants, including the adjacently-located Cracker Barrel and LA Fitness, and across the street from a recently renovated Publix. In addition, a new self storage facility is currently under construction behind Property. As of 2020, the Property’s demographics have ±83,902 individuals residing within a 3-mile radius, with an average household income of ±$84,236. In the same year, the total specified consumer spending within a 3-mile radius of the Property accounts for ±$802,376, and there are ±3,721 businesses and ±26,594 employees.
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