1001 N MACDILL AVE Pending Save Request In-Person Tour Request Virtual Tour
Tampa,FL 33607
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 8,494 sqft
Price per Sqft $316
Subdivision Unplatted
MLS Listing ID T3413843
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1967
Annual Tax Amount $19,164
Lot Size 0.820 Acres
Acres 0.82
Property Description
Under contract-accepting backup offers. 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.
Location
State FL
County Hillsborough
Community Unplatted
Zoning CG
Interior
Cooling Central Air
Exterior
Garage Over 30 Spaces
Building
Story 1
Foundation Slab
Lot Size Range 1/2 to less than 1
Structure Type Block
New Construction false
Construction Status Inspections
Others
Ownership Corporation
Special Listing Condition None