806 De Leon StTampa, FL 33606

Property Details for 806 De Leon St

Year built

1908

Construction

WOOD

Lot size

0.16 AC

Property size (Sq ft)

3,208 SF

Zone code

RO-1

Property type

Office buildings

APN

A2429184ZX000014000030

APU

A2429184ZX000014000030

Description

This exceptional mixed-use property, located at 806 W De Leon St in Tampa, Florida's desirable Hyde Park neighborhood, presents a compelling investment opportunity. The 2,906 square foot building, constructed in 1908 and renovated in 1985, boasts a Class B designation and features three separate units currently operating at 100% occupancy. The property includes seven parking spaces, accessible via an alley and on-street parking. The building sits on a 6,955 square foot lot and is zoned RO 1. The asking price is $1,299,000, translating to $447.01 per square foot. Recent upgrades include a newer roof and HVAC units, along with the convenience of three separate electric meters. This multi-tenant building offers immediate rental income and the potential for future appreciation in a highly sought-after location near Hyde Park Village, Downtown Tampa, and Bayshore Boulevard. The property is shown by appointment only, with ample notice required due to existing tenants. The building consists of one, two-story structure. The property is owned as a corporation and the APN is 194345.0000. Ground floor office space will be available for occupancy in April 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $1,210,786

  6.5%

  $1,117,649

  7%

  $1,037,817

• Comparable approach

  Method

  Valuation

  Relative Method

  $585,877

  Geo Method

  $585,877

• Alternative Use

  Use

  Valuation

  Residential

  $1,385,884

  Hospitality

  $1,269,463

  Educational

  $1,056,178

  Medical

  $1,092,502

  Retail

  $1,642,944

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9386

Longitude

-82.4678

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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