210 Macdill AveTampa, FL 33609
- Office properties
- 1,736 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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