For Sale
$2,000,000

210 Macdill Ave Tampa, FL 33609

High-Yield Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional commercial investment opportunity in Tampa, FL, presents a compelling proposition for discerning investors. Located at 210 S MacDill Ave, in the heart of South Tampa's thriving market, this property encompasses three buildings totaling 4,700 square feet on a 0.36-acre lot. The property boasts a strong 5.50% cap rate, generating a net operating income (NOI) of $110,000 annually. Currently housing six tenants under a modified lease structure, the property offers flexibility and potential for increased revenue. Recently renovated in 2021 and 2022, the two-story buildings are zoned CG - General Commercial, allowing for diverse uses. The strategic location within a densely populated area, with over 122,681 residents and an average household income exceeding $140,257 within a 3-mile radius, ensures high occupancy and strong rental demand. The asking price is $2,000,000, translating to $425.53 per square foot. This property offers a rare blend of immediate income generation and significant long-term growth potential in one of Florida's most desirable markets. Showings are by appointment only. This is a confidential offering; please respect the owner's request for discretion.

Highlights

  • Prime South Tampa location, near the intersection of South MacDill Avenue and West Platt Street.
  • High-density, rapidly growing residential area with 122,681+ residents within 3 miles.
  • Strong demographics, boasting average household incomes of $140,257 within a 3-mile radius.
  • Three-building office complex totaling 4,700 square feet on a 0.36-acre lot.
  • Asking price: $2,000,000, with a 5.50% cap rate and $110,000 annual NOI.

Property Details for 210 Macdill Ave

Property type
Office properties, Investment properties
Square Feet
4,700 SF
Buildings
3
Stories
2
Lot Size (sq. ft)
15,682 SF

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
27.942363987874
Longitude
-82.493364836233

FAQs

What type of property is this?
Office property - High-Yield Investment Opportunity
Where is the office property located?
The property is located at 210 Macdill Ave Tampa, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime South Tampa location, near the intersection of South MacDill Avenue and West Platt Street.; High-density, rapidly growing residential area with 122,681+ residents within 3 miles.; Strong demographics, boasting average household incomes of $140,257 within a 3-mile radius.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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210 Macdill Ave
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