FL > Tampa > Unplatted
Tampa, FL 33607,1001 N MACDILL AVE
Tampa, FL 33607,1001 N MACDILL AVE
Tampa, FL 33607,1001 N MACDILL AVE
Tampa, FL 33607,1001 N MACDILL AVE
Tampa, FL 33607,1001 N MACDILL AVE
Tampa, FL 33607,1001 N MACDILL AVE
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Amrita Chand

Amrita Chand

+1(407) 729-9053
$ 2,690,000
Est. payment | /mo

8,494 SqFt

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$ 2,690,000
Est. payment | /mo
Save Virtual Tour

8,494 SqFt

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

Parking Features 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

Stellar MLS
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by BAY STREET COMMERCIAL LLC
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1001 N MACDILL AVE