“This is a once-in-a-generation placemaking opportunity,” the real estate company tapped to market the property said.
ST. PETERSBURG, Fla. — Developers won’t technically place bets, but bids to purchase the historic Derby Lane could happen, as the place where greyhound dogs used to run is for sale.
The 131.54-acre property located on Gandy Boulevard is now one of the largest single infill properties in the Tampa Bay region real estate market in roughly 15 years, according to a spokesperson with the real estate company selling the property.
“This is a once-in-a-generation placemaking opportunity situated at the center of the Tampa Bay region,” stated Matt Mitchell, from Berkadia Central & North Florida.
The spokesperson said the property offers roughly 95 developable acres, with flexible zoning, which is supposed to allow for various uses.
“The site also has power availability of up to 600 megawatts from an adjacent power plant,” the spokesperson added.
Now called “Win! Derby,” the location held its first race on Jan. 3, 1925, according to its website.
While commercial dog races were outlawed in 2020 in the state of Florida, customers can play poker. The venue also hosts events and has been featured in movies.
The “facility has been used as a backdrop for feature films like Coupe Deville and Oceans 11,” Visit Florida said about the venue.
According to Pinellas County’s Property Appraiser, the property is owned by Schre Tampa LLC, Sitre Tampa LLC. These companies acquired the property earlier this year, according to Tampa Bay Business Journal.
The Property Appraiser’s website shows that the properties with the address of Derby Lane have a market value of $10,500,000 and $1,882,065. The parking lot area in the Tax Parcel map of the appraiser’s website shows its value at $2,040,446.