921 Central AveTampa, FL 33602

  • Residential income properties
  • 267,734 SF
For Lease

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
Residential income properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
921 Central Ave, Tampa, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,276,207
$4,320,000
$58,018,667
$62,338,667
-
$4,320,000
$58,018,667
$62,338,667

FAQs

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