4244 Linebaugh AveTampa, FL 33624

Property Details for 4244 Linebaugh Ave

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.12 AC

Property size (Sq ft)

5,290 SF

Zone code

PD

Property type

Medical offices

Property subtype

Medical centers

APN

U212818ZZZ000000937905

APU

U212818ZZZ000000937905

Description

This exceptional 5,050 square foot office condo, built in 2005, presents a compelling investment opportunity in Tampa, Florida. Situated on a 0.12-acre lot in the Crown Pointe Professional Center, this meticulously maintained Class C property boasts 20 parking spaces and is zoned PD. The building comprises two units: Suite A, a vacant 2,500 square foot space ideal for various professional businesses, features a reception area, spacious waiting area, seven perimeter offices, a large open area, break room, and two ADA-compliant restrooms. Suite B, a 2,550 square foot unit currently occupied by a 25-year-established Periodontics/Endodontics practice (sold separately), is in impeccable condition and includes a reception and waiting area, two private offices (each with a private bathroom), two ADA restrooms, a lab room, seven exam rooms, and a spacious breakroom. The property's strategic location on W Linebaugh Avenue offers convenient access to Tampa International Airport, I-275, the Veteran's Expressway, Dale Mabry Highway, and Busch Boulevard. The asking price is $1,400,000, translating to $277.23 per square foot. Occupancy is available September 30, 2024. This property offers significant potential for increased rental income and represents a strong investment opportunity in a rapidly growing area. The property's APN is U-21-28-18-ZZZ-000000-93790.5.

• CAP approach

  CAP return

  Valuation

  6%

  $975,772

  6.5%

  $900,713

  7%

  $836,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $966,113

  Geo Method

  $966,113

• Alternative Use

  Use

  Valuation

  Residential

  $1,116,884

  Hospitality

  $1,023,060

  Educational

  $851,174

  Medical

  $880,447

  Retail

  $1,324,048

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0392

Longitude

-82.5126

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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