For Sale
$6,697,350

1009 Platt St Tampa, FL 33606

Tampa redevelopment opportunity, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Tampa, Florida investment opportunity encompasses a 1.32-acre assemblage of six parcels in the coveted Hyde Park Historic District. The portfolio includes two existing office buildings totaling 10,802 square feet, a surface parking lot with 46 spaces, and three vacant lots, all situated on 55,793 square feet of land with 450 feet of Platt Street frontage. The main building, constructed in 1986, is a two-story, 8,100-square-foot professional office building, currently vacant, offering significant redevelopment potential. A second, smaller two-story office building (1,914 sq ft) is also included. The property boasts a pro-forma NOI of $336,000 and a pro-forma cap rate of 5.02%, with an asking price of $6,697,350. The land value is $116.48 per square foot. Permitted zoning is CG. The property's prime location near Hyde Park Village, Downtown Tampa, and major attractions makes it an ideal investment for owner-users seeking redevelopment or adaptive reuse. Built in 1926 and 1986, this property presents a unique chance to capitalize on Tampa's thriving real estate market. The property is offered for sale by the owner.

Highlights

  • Six adjacent parcels totaling 55,793± sq ft in Tampa's Hyde Park Historic District, offered individually or en masse.
  • Includes an 8,385± sq ft surface parking lot (215 S Delaware Ave).
  • Features an 8,100± sq ft, two-story professional office building (1009 W Platt St).
  • Includes a 1,914 sq ft, two-story office building on a 5,394 sq ft lot with detached garage (1005 W Platt St), zoned for a 3,535 sq ft new building.
  • A 24,111± sq ft vacant parcel (1003 W Platt St & 215-217 S Edison Ave) zoned for an 11,818 sq ft, two-story building.
  • Three buildings total 10,802 sq ft, with ample parking, excellent signage, and prominent location near Hyde Park Village and downtown Tampa.

Property Details for 1009 Platt St

Property type
Office properties, Medical offices
Square Feet
8,000 SF
Class
B
Buildings
2
Stories
2
Lot Size (sq. ft)
57,499 SF

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
27.941758824013
Longitude
-82.470288466929

FAQs

What type of property is this?
Office property - Tampa redevelopment opportunity, high ROI.
Where is the office property located?
The property is located at 1009 Platt St Tampa, FL.
What is the asking price?
The asking price for this property is $6,697,350.
What are key features of this property?
This property features: Six adjacent parcels totaling 55,793± sq ft in Tampa's Hyde Park Historic District, offered individually or en masse.; Includes an 8,385± sq ft surface parking lot (215 S Delaware Ave).; Features an 8,100± sq ft, two-story professional office building (1009 W Platt St).
How can I contact the broker?
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1009 Platt St
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