21,892 SqFt
21,892 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 21,892 sqft
Price per Sqft $566
Subdivision City Blue
MLS Listing ID U8238343
HOA Y/N No
Originating Board Stellar MLS
Year Built 2006
Annual Tax Amount $11,691
Lot Size 0.330 Acres
Acres 0.33
Property Description
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
Location
State FL
County Hillsborough
Community City Blue
Zoning CD-1
Interior
Cooling Central Air, Zoned
Exterior
Roof Type Membrane
Building
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Metal Frame,Stucco
New Construction false
Others
Ownership Condominium
Acceptable Financing Owner Financing
Listing Terms Owner Financing
Special Listing Condition None
If you have been thinking about selling your home, or are looking to buy your dream home, Stacy welcomes the opportunity to meet you!! Feel free to reach out to me so we can discuss your real estate needs.