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.
Located at the intersection of N. Macdill Avenue and W. Cypress Street.
Property Details
Price:
$2,690,000
MLS #:
T3413843
Status:
Active
Beds:
0
Baths:
0
Address:
1001 N MACDILL AVENUE
Type:
Commercial
Subtype:
Retail
Subdivision:
UNPLATTED
Neighborhood:
33607 – Tampa
City:
TAMPA
Listed Date:
Nov 14, 2022
State:
FL
Finished Sq Ft:
8,494
Total Sq Ft:
8,494
ZIP:
33607
Lot Size:
35,850 sqft / 0.82 acres (approx)
Year Built:
1967
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Block
Parking Features
Over 30 Spaces
Financial
Tax Year
2021
Taxes
$19,165
Map
Community
- Address1001 N MACDILL AVENUE TAMPA FL
- SubdivisionUNPLATTED
- CityTAMPA
- CountyHillsborough
- Zip Code33607
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Courtesy of BAY STREET COMMERCIAL LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
1001 N MACDILL AVENUE
TAMPA, FL
LIGHTBOX-IMAGES