3016 Florida AveTampa, FL 33603

Property Details for 3016 Florida Ave

Year built

1988

Construction

STEEL FRAME

Lot size

1.15 AC

Property size (Sq ft)

4,296 SF

Zone code

CI

Property type

Showrooms

APN

A1229184QS000000000010

APU

A1229184QS000000000010

Description

This exceptional 1.16-acre parcel, located at 3016 N Florida Ave in Tampa, Florida's desirable Tampa Heights district, presents a unique urban infill redevelopment opportunity. Zoned CI, this property offers significant potential for a variety of commercial and residential uses. The site is conveniently situated approximately one mile north of Armature Works, a vibrant hub of activity, and enjoys a short four-minute drive time to this popular destination. Commuters will appreciate the property's proximity to major employment centers, including a fifteen-minute drive to the Westshore Business District and a six-minute drive to Downtown Tampa. Easy access to interstate highways ensures seamless connectivity throughout the region. The property's Folio number is 182348-0000. This is a qualified Opportunity Zone, offering potential tax advantages for eligible investors. The asking price for this prime piece of Tampa real estate is $4,000,000. The property's location within Hillsborough County, zip code 33603, offers a blend of urban convenience and residential appeal. This is an exceptional opportunity to capitalize on the growth and revitalization of Tampa Heights. The site's size and zoning provide considerable flexibility for developers seeking to create a landmark project in a thriving urban setting. The property's strategic location offers unparalleled access to Tampa's key business districts and transportation networks.

• CAP approach

  CAP return

  Valuation

  6%

  $2,383,498

  6.5%

  $2,200,152

  7%

  $2,042,998

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,977,138

  Geo Method

  $1,977,138

• Alternative Use

  Use

  Valuation

  Residential

  $1,855,910

  Hospitality

  $1,700,004

  Educational

  $1,414,383

  Medical

  $1,463,026

  Retail

  $2,200,152

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9721

Longitude

-82.4599

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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