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$12,400,000
-
beds
-
baths
21,892
sqft
For Details, Contact
Sea Glass Florida Properties

Description

Channel District Mixed Use Property made up of an Office/Retail Condo Portfolio with optional Residential Penthouse: Realty Center International LLC proudly presents an exceptional, and totally unique, one-of-a-kind mixed use investment opportunity – a distinctive 3-unit office/retail condo portfolio along with an exclusive penthouse condo situated in the highly sought-after Channel District of Tampa. Strategically located just 1.5 blocks away from the sought after Water Street Tampa development and Sparkman's Wharf, this property is positioned perfectly in the middle of the ongoing transformation of Tampa’s Channel District, not just into a dynamic Live-Work-Play community, but a desirable destination for all. Within just a few blocks you will find the Cruise ships port, Tampa aquarium, The Amalie Arena, the scenic Tampa riverwalk, a variety of diverse restaurants & entertainment venues & the Newly approved Ybor Harbor Development. Embrace the uniqueness of a boutique building where each floor functions as its own retail, office or residential condominium, where the elevator stops at your private lobby, with onsite parking &steel construction. The attached parking lot provides tenant convenience & value supplemented by the additional 150 public parking spaces available for lease next door. Key Investment Considerations: 1. The high-quality construction, onsite parking & boutique condo design create the opportunity to maximize rental rates. Current market rental rates for Class A office space are conservative at $35 sq ft NNN, & trending upward. There are office/retail spaces renting as high as $50 sq ft & full-service executive suites as high as $73 sq ft 2. The CD-1 zoning is a mixed-use zoning that allows for many additional future uses & development. The ability to either purchase the 4th floor penthouse at this time or a first right of refusal to purchase at a later time, provides an owner with an opportunity for a luxurious on-site residence or additional rental income. 3. Condominium Ownership Flexibility: The condominium ownership structure allows for future disposition flexibility, including the potential future sale of individual units at a premium to users, adds to a diverse investment strategy. 4.The ability to offer tenants some onsite parking, coupled with extra parking available for lease next door, further enhances the property’s attractiveness. Property Facts: • Number of Condos: 3 Commercial, 1 Residential • Rentable office/retail pace: 15,500 sq ft total / 1st floor: 3,500 sq ft/ 2nd floor: 6,000 sq ft/ 3rd floor: 6,000 sq ft • Office/Retail onsite parking spaces: 15 • One of a kind penthouse: 4 bedrooms, 4.5 baths /AC and heated: 5,426 sq ft / Covered terraces: 592 sq ft / Garage: 1,347 sq ft / Total: 7,365 sq ft • 6 car garage plus 1 guest spot


Listed by Rodger Kooser, .

Property Highlights

  • Acres: 0.33
  • County: Hillsborough
  • Year Built: 2006
  • Cooling Type: Central Air, Zoned
  • Property Type: Commercial, Mixed Use
  • MLS #: U8238343

General Information

Area 33602 - Tampa
Number of Lots 5
Property Subtype Commercial Sale
Property Type Mixed Use
Subdivision City Blue
Taxes $11,691

Property Features

Additional Parcels Yes
Construction Materials Stucco
Cooling Central Air, Zoned
Interior Square Footage 21,892
Lot Size Acres 0.33
Lot Size Square Feet 14,375
Roof Membrane
$12,400,000
-
beds
-
baths
21,892
sqft
For Details, Contact
Sea Glass Florida Properties
Tampa
Tampa Channel District
Price Range
$290K-$4.2M
Channel District Situated along the bustling Channelside Drive and the scenic Garrison Channel, the Channel District is a vibrant and dynamic community known for its sleek high-rise condominiums, trendy dining spots, and vibrant entertainment...
Location
119 N 11th Street #1,2,3,4, Tampa, FL 33602 Driving Directions
Similar Listings
Tampa Channel District
Nearby Schools
Listed by Rodger Kooser, Realty Center International.
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