119 11Th StTampa, FL 33602

Property Details for 119 11Th St

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

2,863 SF

Zone code

CD-1

Property type

Office properties

Property subtype

Other office properties

APN

A19291989O000000000010

APU

A19291989O000000000010

Description

This exceptional 3,500 square foot creative office space, located at 119 N 11th St, Suite 100A in Tampa, FL 33602, presents a unique opportunity for businesses seeking a vibrant and accessible location. Situated in the heart of Tampa's Channel District, this Class A, single-tenant space boasts a prime corner location, maximizing visibility and foot traffic. The property, built in 2006 and zoned CD-1, features a private entrance within a secured grand lobby with automatic door unlocking from 6 am to 7 pm. A rear garage door facilitates easy deliveries, and two on-site parking spots are included, with an additional 150 spots available for rent in a nearby garage. A 15-minute loading zone is directly in front of the building. The space includes two ADA-compliant restrooms and signage opportunities are available. Additional office space on the third floor may be available upon request. This location is strategically positioned 1.5 blocks from Water Street Tampa and Sparkman's Wharf, within walking distance of the Cruise Ship Port, Tampa Aquarium, Amalie Arena, and the Tampa Riverwalk, surrounded by a diverse array of restaurants and entertainment venues. The lease rate is $36.50 per square foot net, with a minimum five-year term and a 4% annual rent increase. Building expenses, excluding individual electric meter usage, are included in the rent. This is an ideal space for a variety of businesses, benefiting from Tampa's remarkable population and economic growth.

• CAP approach

  CAP return

  Valuation

  6%

  $1,080,574

  6.5%

  $997,453

  7%

  $926,206

• Comparable approach

  Method

  Valuation

  Relative Method

  $522,870

  Geo Method

  $522,870

• Alternative Use

  Use

  Valuation

  Residential

  $1,236,842

  Hospitality

  $1,132,940

  Educational

  $942,593

  Medical

  $975,010

  Retail

  $1,466,256

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9486

Longitude

-82.4474

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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