Bayshore Christian School has acquired a 10-acre campus along South MacDill Avenue for $14.65 million in a structured deal backed by roughly $11 million in Educational Facilities Revenue Bonds, with use restrictions and a continuing financial interest for the seller.
The property at 3909 S. MacDill Ave. was sold by the Board of Trustees of the Florida Annual Conference of the United Methodist Church in a deal that closed April 28 and includes a campus of multiple buildings used for educational and religious purposes.
The agreement allows the conference to share in certain future proceeds from the property, indicating the church did not fully exit its economic interest in the site.
The site spans about 438,000 square feet, or just over 10 acres, and carries a market value of $23.7 million, according to the Hillsborough County Property Appraiser, compared with the $14.65 million sale price.
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The deal also defines how the property can be used. It limits the site primarily to a Christian school and related educational activities for a period of 10 years, allowing classroom instruction, student programs and church-related uses, while limiting repositioning for other types of development during that time.
The campus is built out with multiple structures totaling more than 60,000 square feet, including classroom buildings, a church, an auditorium and support facilities, supporting continued institutional use rather than near-term redevelopment.
That 10-year restriction creates an operating window. Once it expires, the property could offer greater optionality, particularly given its size and location in South Tampa, where large assembled sites are scarce.
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