200 Pierce StTampa, FL 33602

Property Details for 200 Pierce St

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.31 AC

Property size (Sq ft)

12,358 SF

Zone code

CBD-1

Property type

Office properties

Property subtype

Office buildings

APN

A2429184ZI000084000040

APU

A2429184ZI000084000040

Description

This exceptional 22,050 square foot property, located at 200 N Pierce St, Tampa, FL 33602, presents a unique investment opportunity in the heart of Tampa's Central Business District (CBD). The site boasts CBD-1 zoning, allowing for a diverse range of development options, including mixed-use, low to mid-rise residential, or commercial projects. The property includes two existing buildings, offering potential for immediate income generation or redevelopment. Its prime location offers unparalleled access to key downtown attractions, including the Tampa Riverwalk, Convention Center, Florida Aquarium, Amalie Arena, and numerous restaurants, shops, and hotels. Proximity to City Hall and the County Government Center further enhances its appeal. Convenient access to major transportation arteries, such as the Selmon Expressway, I-4, and I-275, ensures easy connectivity throughout the Tampa Bay area and beyond. The property's versatility and strategic location within walking distance of South Tampa, Tampa Heights, Ybor City, Harbour Island, and Davis Islands make it an exceptional investment prospect for developers and investors seeking a high-demand location with significant upside potential. The existing buildings and adjacent parking garage could provide immediate income while redevelopment plans are underway. This half-block site represents a rare opportunity to acquire a highly desirable property in one of Tampa's most vibrant and rapidly growing areas.

• CAP approach

  CAP return

  Valuation

  6%

  $4,664,244

  6.5%

  $4,305,456

  7%

  $3,997,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,256,942

  Geo Method

  $2,256,942

• Alternative Use

  Use

  Valuation

  Residential

  $5,338,766

  Hospitality

  $4,890,281

  Educational

  $4,068,656

  Medical

  $4,208,584

  Retail

  $6,329,021

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9475

Longitude

-82.4543

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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