$3,200,000

1001 N Macdill Avenue, Tampa, FL 33607

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$3,200,000

1001 N Macdill Avenue Tampa, FL 33607

For Sale MLS# T3413843

8,494 sq ftCommercial

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Data current as of 17/04/2024 22:14:14

Details for 1001 N Macdill Avenue

MLS# T3413843

Description for 1001 N Macdill Avenue, Tampa, FL, 33607


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.

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 0.82 Acres

Square Feet: 8,494 sq ft

Year Built: 1967

Stories: 1 Story

Construction: Block

Subdivision: Unplatted

Foundation: Slab

County: Hillsborough

Utilities


Cooling: Central Air

Exterior / Lot Features


Parking Description: Parking Space(s)

Driving Directions


Veterans Express (589 S), continue on Memorial Hwy, take the exit toward Tampa/I-4 onto I-275 N (SR-400), 1.4 miles, take Exit 41A toward US-92/Dale Mabry Hwy, .53 miles, turn right toward N Dale Mabry Hwy/US-92, 0.17 miles, turn left onto W Cypress S, 0.76 miles, turn left onto N MacDill Ave to property.

Financial Considerations


Tax/Property ID: A-15-29-18-ZZZ-000005-90980.0

Tax Amount: 19164.73

Tax Year: 2021

Price Changes


$3,200,000 Original Price
$3,200,000 Current Price
$0Total Change
Date Price Change
02/27/2024 08.09 PM $3,200,000
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 1001 N Macdill Avenue

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

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