1121 Twiggs StTampa, FL 33602

  • Office properties
  • 21,761 SF
For Sale
$14,600,000 View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1121 Twiggs St, Tampa, Florida

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

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
$69,468
$1,544,162
$2,437,738
$3,981,900
-
$1,544,162
$2,437,738
$3,981,900

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