210 Macdill AveTampa, FL 33609

  • Office properties
  • 1,736 SF
For Sale
$2,000,000 View listing

Property Details for 210 Macdill Ave

Year built
1925
Construction
WOOD
Lot size
0.18 AC
Property size (Sq ft)
1,736 SF
Zone code
CG
Property type
Office properties
Property subtype
Office buildings
APN
A2229183O4000004000130
APU
A2229183O4000004000130

Description

This exceptional commercial investment opportunity in Tampa, FL, presents a compelling proposition for discerning investors. Located at 210 S MacDill Ave, in the heart of South Tampa's thriving market, this property encompasses three buildings totaling 4,700 square feet on a 0.36-acre lot. The property boasts a strong 5.50% cap rate, generating a net operating income (NOI) of $110,000 annually. Currently housing six tenants under a modified lease structure, the property offers flexibility and potential for increased revenue. Recently renovated in 2021 and 2022, the two-story buildings are zoned CG - General Commercial, allowing for diverse uses. The strategic location within a densely populated area, with over 122,681 residents and an average household income exceeding $140,257 within a 3-mile radius, ensures high occupancy and strong rental demand. The asking price is $2,000,000, translating to $425.53 per square foot. This property offers a rare blend of immediate income generation and significant long-term growth potential in one of Florida's most desirable markets. Showings are by appointment only. This is a confidential offering; please respect the owner's request for discretion.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $497,584
    6.5%
    $459,308
    7%
    $426,501
  • Comparable approach

    Method
    Valuation
    Relative Method
    $317,046
    Geo Method
    $317,046
  • Alternative Use

    Use
    Valuation
    Residential
    $569,542
    Hospitality
    $521,698
    Educational
    $434,046
    Medical
    $448,974
    Retail
    $675,183
210 Macdill Ave, Tampa, Florida

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
27.9427
Longitude
-82.493
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,081
$389,542
$231,858
$621,400
-
$389,542
$231,858
$621,400

FAQs

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