1605 16Th StTampa, FL 33605

Property Details for 1605 16Th St

Year built

1968

Lot size

0.15 AC

Property size (Sq ft)

264 SF

Zone code

YC-6

Property type

Retail properties

Property subtype

Parking lots & garages

APN

A1829194WO000058000060

APU

A1829194WO000058000060

Description

This exceptional offering presents two vacant commercial land parcels totaling 0.44 acres, strategically located in the vibrant heart of Ybor City, Tampa, Florida. The property boasts a prime location at 1605 and 1607 N 16th Street, offering exceptional visibility and signage opportunities due to its frontage on N. 16th Street, between E. 5th and E. 6th Avenues. The parcels are zoned YC-6, permitting a variety of commercial developments, including retail and office spaces. This thriving area is just one block south of 7th Avenue, placing the property within easy reach of Centro Ybor, a movie theatre, and a diverse range of existing commercial businesses, including restaurants, banks, and retail establishments. Hillsborough Community College is also conveniently located nearby. The area benefits from excellent accessibility, with three hotels within a short distance and the trolley providing convenient access to Channelside and Downtown Tampa. Furthermore, the property's proximity to major interstate systems (I-4, I-275, I-75, and the LeeRoy Selmon Crosstown Expressway) ensures seamless connectivity throughout the Tampa Bay area. The property's folio numbers are 189832-0000 and 189835-0000. This presents a rare opportunity to capitalize on the strong demographics and flourishing commercial activity of Ybor City. The asking price for this exceptional development opportunity is $2,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $80,120

  6.5%

  $73,957

  7%

  $68,675

• Comparable approach

  Method

  Valuation

  Relative Method

  $121,500

  Geo Method

  $121,500

• Alternative Use

  Use

  Valuation

  Residential

  $62,386

  Hospitality

  $57,145

  Educational

  $47,544

  Medical

  $49,179

  Retail

  $73,957

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.959

Longitude

-82.4415

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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