5519 Hanley RdTampa, FL 33634

Property Details for 5519 Hanley Rd

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.15 AC

Property size (Sq ft)

3,014 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

U3628170DD000000000361

APU

U3628170DD000000000361

Description

This exceptional investment opportunity presents a freestanding, two-story commercial building totaling 3,014 square feet situated on a 0.15-acre lot at 5519 Hanley Road, Units A, B, and C, in Tampa, Florida. The property is zoned CG and enjoys a highly desirable location with significant drive-by traffic, ensuring excellent visibility and exposure for tenants. The building is currently generating income from two established businesses. The ground floor is occupied by a long-term tenant operating a printer shop, while the second floor houses a fully updated and remodeled medical spa and institute. This upper level features a key amenity for medical or wellness businesses: a sink with hot and cold water in each office. Recent improvements to the property include a new roof and a new front door, minimizing immediate maintenance needs and enhancing curb appeal. The building's layout consists of 1,500 square feet on each floor, offering flexibility for future tenants or potential expansion. This prime commercial property represents a strong investment opportunity in a high-demand area of Tampa. The asking price is $1,100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $863,893

  6.5%

  $797,440

  7%

  $740,480

• Comparable approach

  Method

  Valuation

  Relative Method

  $550,447

  Geo Method

  $550,447

• Alternative Use

  Use

  Valuation

  Residential

  $988,825

  Hospitality

  $905,759

  Educational

  $753,581

  Medical

  $779,497

  Retail

  $1,172,236

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9989

Longitude

-82.5625

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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