1121 Twiggs StTampa, FL 33602

Property Details for 1121 Twiggs St

Year built

1925

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.44 AC

Property size (Sq ft)

21,761 SF

Zone code

CD-1

Property type

Office buildings

APN

A1929194WY000001000060

APU

A1929194WY000001000060

Description

This historic Tampa office building, located at 1121 E Twiggs St, offers multiple creative office suites for lease. The property boasts 20,969 square feet across three buildings and four stories, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 3,500 square feet. Built in 1925 and renovated in 1995, the Class C building features 18 total parking spaces and two loading docks with two dock-high doors. The available space includes a mix of office and warehouse space. The first floor offers approximately 3,500 square feet, the second floor approximately 2,500 square feet, and the fourth floor approximately 2,600 square feet. The third floor is currently leased on a month-to-month basis and offers approximately 3,200 square feet. Two warehouse spaces are also available, one measuring approximately 1,824 square feet and the other approximately 3,300 square feet. The property sits on a 0.44-acre lot in the desirable Channelside submarket of Downtown Tampa (zip code 33602), zoned CG. Annual property taxes are $2.56 per square foot. The building is served by electric power. This unique property offers a blend of historic charm and modern functionality, ideal for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $8,213,192

  6.5%

  $7,581,408

  7%

  $7,039,878

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,974,212

  Geo Method

  $3,974,212

• Alternative Use

  Use

  Valuation

  Residential

  $9,400,945

  Hospitality

  $8,611,215

  Educational

  $7,164,430

  Medical

  $7,410,826

  Retail

  $11,144,669

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.952

Longitude

-82.4475

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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