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119 N 11TH STREET UNIT 1,2,3,4

Commercial For Sale
$12,400,000

BTC: 130.74976025

ETH: 3,690.47619048

248 days
0 room(s)
21,892 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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 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. 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

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
2006
Lot:
0.33 Acres
Heating:
No Data
Price/sqft:
$566
Cooling:
Central Air / Zoned
HOA:
No Data
All facts and features
  • Cooling

    • Central Air

    • Zoned

  • Lot

    • Lot: 0.33 Acres

    Other Property Information

    • Parcel Number: A19291989O00000000001.0

    • Zoning: CD-1

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Mixed Use

  • Other financial information

    • Annual tax amount: $11,692

  • Source details

    • MLS ID: U8238343

    Other facts

    • Construction Materials: Metal Frame / Stucco

    • Foundation Details: Slab

    • Living Area: 21892

    • Subdivision Name: CITY BLUE

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: REALTY CENTER INTERNATIONAL