For Sale
$2,400,000

18311 Us-41Lutz, FL 33549

7,540 SF Office, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, 7,540 square foot executive office building presents a compelling value-add investment opportunity in Lutz, Florida. Built in 2009 on a 0.73-acre lot, this single-story property boasts a modern design with grey wood tile flooring throughout. Currently operating as a multi-tenant co-working space with 10% occupancy, the building offers 15 existing office spaces, a conference room, a full kitchen, and ample common areas. Significant upside potential exists with room to add up to 15 additional office spaces, increasing both capacity and revenue generation. The property is fully furnished, providing a turnkey solution for immediate operation. With a current pro-forma NOI of $300,000 and a pro-forma cap rate of 12.5%, this presents a strong return on investment. The building features 29 parking spaces and is zoned for commercial use, offering convenient access and ample outdoor space. Located in Hillsborough County, the property enjoys easy access to major highways and local amenities. The asking price is $2,400,000 ($318.30/SF), and seller financing may be available. This is a rare opportunity to acquire a well-located, income-producing asset with substantial growth potential in a thriving Florida market. The gross lease structure simplifies management, and the fee simple ownership provides complete control.

Highlights

  • 7,540 SF Class A office building in Lutz, FL, built in 2009 on a 0.73-acre lot.
  • Significant value-add opportunity: currently 10% occupied multi-tenant co-working space with 15 existing suites, offering potential to add up to 15 more.
  • Modern design with grey wood tile flooring throughout; fully furnished for a turnkey operation.
  • Pro-forma NOI of $300,000 and a 12.5% pro-forma cap rate.
  • 29 parking spaces; commercially zoned with easy highway access and nearby amenities in Hillsborough County.
  • Asking price: $2,400,000 ($318.30/SF); seller financing may be available.

Property Details for 18311 Us-41

Property type
Office properties
Square Feet
7,540 SF
Class
A
Year Built
2009
Buildings
1
Stories
1
Lot Size (sq. ft)
31,799 SF
Units
1

Location Insight

City
Lutz
County
Hillsborough
State
Florida
Latitude
28.1397902
Longitude
-82.4616334
18311 Us-41, Lutz, Florida

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18311 Us-41
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