3637 Manhattan AveTampa, FL 33629
- Retail properties
- 4,420 SF
Property Details for 3637 Manhattan Ave
- Year built
- 1965
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 4,420 SF
- Zone code
- CG
- Property type
- Retail properties
- Property subtype
- Other individual retail properties
- APN
- A3329183TU000000001680
- APU
- A3329183TU000000001680
Description
This exceptional South Tampa property presents a compelling redevelopment opportunity. The 4,420-square-foot building, currently operating as a gym, sits on a 0.23-acre lot at 3637 S Manhattan Ave, Tampa, FL 33629. The asking price is $1,199,000, translating to $271.27 per square foot. The property boasts a highly visible location on South Manhattan Avenue, benefiting from strong traffic counts. Zoned Commercial General (CG) with a CMU-35 Future Land Use designation, this versatile site allows for a wide range of development possibilities. Permitted uses include mixed-use, retail, commercial, service, office, and residential developments. The sale includes existing business assets. A significant advantage is the potential to assemble this 0.23-acre parcel with the adjacent property at 3639 S Manhattan Ave, creating a combined area of approximately 0.46 acres. This presents an even more expansive redevelopment opportunity for a larger-scale project. The property is currently vacant and ready for immediate development. This is a rare chance to acquire a prime piece of real estate in a thriving South Tampa location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,530,867
- 6.5%
- $2,336,185
- 7%
- $2,169,315
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,034,206
- Geo Method
- $2,034,206
-
Alternative Use
- Use
- Valuation
- Residential
- $1,970,660
- Hospitality
- $1,805,114
- Educational
- $1,501,833
- Medical
- $1,553,484
- Retail
- $2,336,185
Location Insight
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Latitude
- 27.9096
- Longitude
- -82.5183
- 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
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