Seller Financing
Address
119 N 11th STREET #1,2,3, TAMPA, FL
Price
$ 5,875,000
Property Attributes
- MLS#U8236843
- TypeCommercial
- CountyHILLSBOROUGH
- CityTAMPA
- AreaTampa
- NeighborhoodCity Blue
- Zip33602
- StyleOffice
- Year Built2006
- Taxes$ 11691
- Price$ 5,875,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage15500
- Lot Size0.33 Acres
Data Source:
Stellar MLS
Property 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 optional 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. Must be purchased with attached parking lot, folio #199294-2419. Attached parking lot price $1,125,000. Total price for the 3 commercial condos with the parking lot is $7,000,000 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 • Optional 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 The Penthouse, Folio #199294-2418 can be purchased for $5,400,000 if purchased with the commercial condos for a total of $12,400,000
| Price History | |
|---|---|
| 4/19/2024 | Listed $5,875,000 |
General Features
| Cooling | Central Air,Other,Zoned |
|---|---|
| Zoning | CD-1 |
| Construction Materials | Stucco |
| Year Built | 2006 |
| Unit Number | 1,2,3 |
| Property SubType | Office |
| Tax Year | 2023 |
| Percent Ownership | Condominium |
| County | Hillsborough |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | CITY BLUE |
| Building Features | Bathrooms,Dumpsters,Elevator,Loading Dock,Reception,Solid Surface Counter,Stone Counter |
| Status | Active |
| Directions | Traveling east on Channelside Dr turn left onto S Meridian Ave then right onto E Washington St and right onto N 11th St |
| City | TAMPA |
| Buyer Agent Compensation | 2% |
| MLS Area | 33602 - Tampa |
| Lot Size Square Feet | 14374 |
| Waterfront Y/N | No |
| Street Name | 11th |
| Listing Terms | Owner May Carry |
| Tax Annual Amount | 11691.74 |
| Public Remarks | 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 uniq |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/U8236843 |
| Days on Market | 1 |
| Standard Status | Active |
| Tax Lot | 2 |
| Legal Description | CITY BLUE LOT 1,2,3 |
Interior Features
| Total Stories | 1 |
|---|---|
| Air Conditioning Y/N | Yes |
| Street Suffix | STREET |
| Living Area Units | Square Feet |
Exterior Features
| Parking Features | 13 to 18 Spaces,Deeded,Ground Level |
|---|---|
| Lot Size Area | 14374 |
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Building Area Total | 15500 |
| Lot Size Acres | 0.33 |
| Road Surface Type | Asphalt |
| Lot Size Units | Square Feet |
| Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 33602
Price
Taxes
Visits
Year Built
Copyright © MFRMLS.com All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated Last updated on May 1, 2024 4:37 PM UTC The listing information on this page last changed on Last updated on May 1, 2024 4:37 PM UTCd. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 1, 2024 4:37 PM UTC
© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
