2103 Howard AveTampa, FL 33607

Property Details for 2103 Howard Ave

Lot size

0.15 AC

Zone code

CI

Property type

Parking lots & garages

APN

A1429184PQ000037000130

APU

A1429184PQ000037000130

Description

This exceptional 23,392 square foot development site in Tampa, Florida, presents a unique investment opportunity. Located on Howard Avenue, just north of I-275, this assemblage of three vacant parcels is zoned CI (Commercial Intensive), offering flexibility for various uses including multi-family, office, or retail development. Pre-approved plans exist for a 17,900 square foot, four-story Class A office building featuring a rooftop deck, executive offices, a private patio, and 48 parking spaces plus 9 street spaces. However, permits haven't been applied for, allowing developers to pursue alternative projects. The site's zoning allows for higher-density multi-family development, potentially enhanced by Florida's Live Local Act. Its location within the West Tampa Overlay and CRA (Community Redevelopment Area) may qualify for various grants. Existing surveys and plans are available for review. The property boasts a high traffic count of 19,000 vehicles per day, ensuring excellent visibility and accessibility. The asking price is $1,350,000. APN: A-14-29-18-4PQ-000037-00013.0, A-14-29-18-4PQ-000037-00009.0, A-14-29-18-4PQ-000037-00011.0.

• CAP approach

  CAP return

  Valuation

  6%

  $1,777,390

  6.5%

  $1,640,668

  7%

  $1,523,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,016,792

  Geo Method

  $3,016,792

• Alternative Use

  Use

  Valuation

  Residential

  $1,383,965

  Hospitality

  $1,267,704

  Educational

  $1,054,715

  Medical

  $1,090,988

  Retail

  $1,640,668

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9603

Longitude

-82.4827

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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