3637 Manhattan AveTampa, FL 33629

  • Retail properties
  • 4,420 SF
For Sale
$1,199,000 View listing

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
3637 Manhattan Ave, Tampa, Florida

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

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
$10,275
$505,000
$118,102
$623,102
-
$505,000
$118,102
$623,102

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