921 Central AveTampa, FL 33602

Property Details for 921 Central Ave

Year built

2022

Construction

WOOD

Lot size

2.17 AC

Property size (Sq ft)

267,734 SF

Zone code

PD

Property type

High-rise multifamily apartments

APN

A1329189ZN000000000090

APU

A1329189ZN000000000090

Description

Navara offers a premier retail opportunity in vibrant Downtown Tampa. This single-tenant space, located on the ground floor of a dynamic mixed-use development, boasts 1,250 to 2,530 square feet of versatile retail space. Built in 2021, the five-story building offers excellent visibility and ample street parking, ensuring high foot traffic. The property's strategic location provides easy access to major roadways, including I-4 and I-275, enhancing accessibility for customers and employees. Situated adjacent to the renowned Perry Harvey Sr. Park, this location benefits from the park's recreational draw and community engagement. The building itself is part of a larger development, including 288 multi-family residential units, creating a built-in customer base and a thriving community atmosphere. The total building size is an impressive 237,400 square feet, reflecting the scale and potential of this exceptional retail opportunity. The address is conveniently located at the intersection of Central Avenue and Harrison Street in Hillsborough County. This space presents a unique chance to establish a thriving business within a bustling and well-connected urban environment. The modern construction and prime location combine to offer an unparalleled retail experience.

• CAP approach

  CAP return

  Valuation

  6%

  $125,302,088

  6.5%

  $115,663,464

  7%

  $107,401,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $75,789,200

  Geo Method

  $75,789,200

• Alternative Use

  Use

  Valuation

  Residential

  $115,663,464

  Hospitality

  $105,947,112

  Educational

  $88,146,752

  Medical

  $91,178,256

  Retail

  $137,117,168

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9537

Longitude

-82.4544

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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