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1001 N Macdill Ave

Tampa, Florida, 33607, United States

Property ID: #590333 // commercial
1001 N Macdill Ave
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Traditional Sale
List Price:
$3,200,000.00
Icon 8,494 ft²
Icon 0.82 acres
Icon - beds
Icon - baths
Address:
1001 N Macdill Ave
City:
Tampa
State:
Florida
Zip Code:
33607
County:
Hillsborough
Subdivision:
UNPLATTED
Country:
United States
Property Type:
Commercial
Additional Property Types:
Retail
Year Built:
1967
Property Size:
8,494 ft²
Lot Size:
0.82 acres
Data Source:
Mid Florida Realty MLS
MLS/Reference Number(s):
T3413843
Source Status:
Active
Source Property Type:
Commercial, Retail

Property Provided By

  • Michael Braccia, PA
  • BAY STREET COMMERCIAL LLC
  • +1 (813) 625-2375
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Property Information

This unique Midtown investment opportunity is located at the hard corner lighted intersection of N. Macdill Avenue and W. Cypress Street. The 8,494 SF building sits on a 35,850 square foot (.82 Acre), CG (Commercial General) zoned parcel just blocks away from the newly established “Midtown” district of Tampa, Florida. This site is conveniently located in the heart of a large high-density population with excellent access from major roads with an abundance of commercial activity and is one of the most rapidly redeveloping neighborhoods throughout the Tampa-St Petersburg MSA. The building currently consists of 7 units ranging from 698 SF up to 1,600 SF. This site is one of the few throughout the market with adequate parking (46 spaces or 6.2 spaces / 1000 SF) for medical users within such close proximity to serve the highly sought after South Tampa demographic. The retail exposure and ample parking offers an opportunity to alter tenant mix over time and drastically increase the investment return as medical lease rates in this market are currently in the mid to upper 30's per SF NNN. This parcel also has a highly desirable future land use designation of CMU-35 which stands for Community Mixed Use – 35 units to the acre development density for a mixed use development. The development potential of such a land use also comes with a potential development FAR (floor-to-area ratio) of 2.0 meaning that this .81 acre parcel would have a maximum development potential of 28 units totaling a maximum of 71,700 SF of building improvement. Please contact us to discuss current tenancy and P&L information. Located at the intersection of N. Macdill Avenue and W. Cypress Street.

Directions

Veterans Express (589 S), continue on Memorial Hwy, take the exit toward Tampa/I-4 onto I-275 N (SR-400), 1.4 miles, take Exit 41A toward US-92/Dale Mabry Hwy, .53 miles, turn right toward N Dale Mabry Hwy/US-92, 0.17 miles, turn left onto W Cypress S, 0.76 miles, turn left onto N MacDill Ave to property.

Source Disclaimer

Mid Florida Realty MLS

Listing Information © 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Courtesy of BAY STREET COMMERCIAL LLC.
Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended. IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This content last updated on 2023-09-07 17:00:08. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


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