210 Macdill AveTampa, FL 33609

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 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.

• 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

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

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