1401 22Nd AveTampa, FL 33605

Property Details for 1401 22Nd Ave

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.46 AC

Property size (Sq ft)

8,618 SF

Zone code

RO-1

Property type

Office buildings

APN

A0729194UM000009000040

APU

A0729194UM000009000040

Description

This exceptional 8,534 square foot executive office building presents a compelling investment opportunity in Tampa's vibrant Ybor City. Located in an Opportunity Zone, this single-story, 1973-built structure boasts a flexible floor plan suitable for multiple tenants or a single user. Currently configured as a professional office center with several short-term leases, the building offers a strong potential for rental income and future appreciation. The property features 20 parking spaces, monument and building signage, and is strategically positioned near Interstates 275 and I-4, ensuring excellent accessibility. Built with masonry/frame stucco construction, it includes high ceilings (10'+/-), high-speed internet, advanced security, and energy-efficient features. All furniture is included. The 0.55-acre lot is zoned RO-1(Building)/RS-50(lot) with future residential land use (20, .50 FAR). Annual property taxes total $17,935. The building enjoys high visibility with approximately 2,700 daily traffic counts on 14th Street and proximity to amenities including upscale restaurants, shops, hotels, and Cuscaden Park (8.6 acres with sports facilities). This turnkey opportunity combines a prime location, attractive features, and strong investment potential. APN: 186402-0000; 186401-000. Asking price: $1,999,900. Price per square foot: $23.42. Cap rate: 6.00%.

• CAP approach

  CAP return

  Valuation

  6%

  $1,779,216

  6.5%

  $1,642,354

  7%

  $1,525,043

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,573,905

  Geo Method

  $1,573,905

• Alternative Use

  Use

  Valuation

  Residential

  $2,036,518

  Hospitality

  $1,865,440

  Educational

  $1,552,024

  Medical

  $1,605,401

  Retail

  $2,414,260

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.971

Longitude

-82.4438

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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