608 Willow AveTampa, FL 33606

Property Details for 608 Willow Ave

Year built

2022

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.81 AC

Property size (Sq ft)

190,915 SF

Zone code

PD

Property type

High-rise multifamily apartments

APN

A2329184Q7000008000010

APU

A2329184Q7000008000010

Description

This exceptional retail or restaurant space, located at 608 N Willow Ave, Tampa, FL 33606, offers 1,666 to 3,222 square feet of versatile commercial space within the vibrant Jade at North Hyde Park development. Built in 2021, the property boasts a prime location in Hillsborough County's thriving North Hyde Park neighborhood, just steps from the new Tampa General Hospital and minutes from the University of Tampa and Downtown Tampa's Riverwalk. The space features attractive roll-up garage doors and street-facing windows/bar on Cass Street, providing excellent visibility and accessibility. This commercially zoned property (Commercial) benefits from ample on-site parking, convenient street parking, and additional shared off-site parking within 250 feet. The building is part of a larger mixed-use development including 192 luxury apartments, ensuring a built-in customer base and high foot traffic. Ideal for a variety of uses, including restaurants, coffee shops, and other retail businesses, this space presents a unique opportunity to establish a thriving business in a highly desirable and rapidly growing area of Tampa. The property's modern design and convenient location make it an exceptional investment opportunity. Total building square footage is 3,222 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $89,350,056

  6.5%

  $82,476,976

  7%

  $76,585,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $54,043,548

  Geo Method

  $54,043,548

• Alternative Use

  Use

  Valuation

  Residential

  $82,476,976

  Hospitality

  $75,548,464

  Educational

  $62,855,440

  Medical

  $65,017,132

  Retail

  $97,775,128

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9494

Longitude

-82.4733

CBSA code

45300

CBSA name

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

Property Tax & Assessments

FAQs

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