3508 Manhattan AveTampa, FL 33629

Property Details for 3508 Manhattan Ave

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.28 AC

Property size (Sq ft)

5,338 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

A3329183TU000000000870

APU

A3329183TU000000000870

Description

This exceptional 5,338 square foot office building, situated on a 0.28-acre lot in desirable South Tampa, presents a unique investment opportunity. The property boasts a striking brick façade, paver driveway, and wrought iron gate, enhancing its curb appeal and creating a sophisticated first impression. Inside, soaring ceilings and exposed brick walls blend industrial chic with timeless elegance. A stunning metal staircase serves as a focal point, while a cozy wood-burning fireplace adds warmth and ambiance. The upscale kitchen features top-of-the-line appliances, including a Sub-Zero refrigerator. French doors connect the interior to outdoor spaces. Currently configured as a private gym and office, the building's versatile layout offers endless possibilities for a variety of uses, including a medspa, medical center, wellness center, boutique fitness studio, art gallery, or sophisticated office space. Its prime Manhattan Avenue location ensures excellent visibility and high traffic flow. The property is offered at $2.3 million without equipment and furnishings, or $2.6 million as a turnkey operation, including all equipment and furnishings. This is a truly remarkable property that must be seen to be fully appreciated.

• CAP approach

  CAP return

  Valuation

  6%

  $2,079,258

  6.5%

  $1,919,315

  7%

  $1,782,221

• Comparable approach

  Method

  Valuation

  Relative Method

  $974,879

  Geo Method

  $974,879

• Alternative Use

  Use

  Valuation

  Residential

  $2,379,950

  Hospitality

  $2,180,022

  Educational

  $1,813,752

  Medical

  $1,876,130

  Retail

  $2,821,393

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.911

Longitude

-82.5177

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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