1001 N Macdill Ave, TAMPA, FL

Real Estate

Sold

Listed price in listed location currency (USD).

$2,340,000

$2,690,000

000

MLS® T3413843

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size 8494 sqft

Garage No

Maintenance Fees

Taxes $19,165

Approx. Age 1967

Avg. Price Per Sqft $316

MLS® Number T3413843

Property Address: 1001 N Macdill Ave, TAMPA, FL, 33607-5152

Average square foot calculated using Size range provided by listing agent.

Description

This unique Midtown investment opportunity is located at the hard corner lighted intersection of N. Macdill Avenue and W. Cypress Street. The 8, 494 SF building sits on a 35, 850 square foot (.82 Acre), CG (Commercial General) zoned parcel just blocks away from the newly established “Midtown” district of Tampa, Florida. This site is conveniently located in the heart of a large high-density population with excellent access from major roads with an abundance of commercial activity and is one of the most rapidly redeveloping neighborhoods throughout the Tampa-St Petersburg MSA. The building currently consists of 7 units ranging from 698 SF up to 1, 600 SF. This site is one of the few throughout the market with adequate parking (46 spaces or 6.2 spaces / 1000 SF) for medical users within such close proximity to serve the highly sought after South Tampa demographic. The retail exposure and ample parking offers an opportunity to alter tenant mix over time and drastically increase the investment return as medical lease rates in this market are currently in the mid to upper 30's per SF NNN. This parcel also has a highly desirable future land use designation of CMU-35 which stands for Community Mixed Use – 35 units to the acre development density for a mixed use development. The development potential of such a land use also comes with a potential development FAR (floor-to-area ratio) of 2.0 meaning that this .81 acre parcel would have a maximum development potential of 28 units totaling a maximum of 71, 700 SF of building improvement. Please contact us to discuss current tenancy and P&L information. Located at the intersection of N. Macdill Avenue and W. Cypress Street.

MLS® NumberT3413843

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1967

Stories1

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

Oct 3, 2024End Date

$2,340,000Sold Price

Sold

Nov 14, 2022List Date

$2,690,000List Price

Map

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