Address
1001 N Macdill AVENUE, TAMPA, FL
Price
$ 3,200,000
Property Attributes
  • MLS#T3413843
  • TypePending
  • CountyHILLSBOROUGH
  • CityTAMPA
  • AreaTampa
  • NeighborhoodUnplatted
  • Zip33607
  • StyleRetail
  • Year Built1967
  • Taxes$ 19164
  • Price$ 3,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage8494
  • Lot Size0.82 Acres
Data Source:
Stellar MLS
Property Description

Under contract-accepting backup offers. 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.

Price History
11/14/2022 Listed $3,200,000

General Features

Cooling Central Air
Zoning CG
Construction Materials Block
Year Built 1967
Property SubType Retail
Tax Year 2021
Percent Ownership Corporation
County Hillsborough
New Construction No
Property Type Commercial Sale
Subdivision Name UNPLATTED
Status Pending
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
City TAMPA
Buyer Agent Compensation 2%-$295
MLS Area 33607 - Tampa
Lot Size Square Feet 35850
Waterfront Y/N No
Street Name Macdill
Tax Annual Amount 19164.73
Public Remarks Under contract-accepting backup offers. 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
Virtual Tour https://www.propertypanorama.com/instaview/stellar/T3413843
Days on Market 359
Standard Status Pending
Tax Lot A-15-29-18-ZZZ-000005-909
Virtual Tour http://properties.baystreetcommercial.com/docs/documents/2672860?token=302274b7cc09615f527c5b257704733b92cd91c4
Legal Description TRACT BEG 50 FT E & 50 FT N OF SW COR OF SE 1/4 & RUN N 175 FT E 162 FT S 75 FT E 75 FT S 100 FT AND W 238 FT MOL TO POB
Water Access Y/N No
Water View Y/N No

Interior Features

Total Stories 1
Air Conditioning Y/N Yes
Street Suffix AVENUE
Living Area Units Square Feet

Exterior Features

Parking Features Over 30 Spaces
Lot Size Area 35850
Foundation Details Slab
Number of Buildings 1
Building Area Total 8494
Lot Size Acres 0.82
Road Surface Type Asphalt
Lot Size Units Square Feet
Road Frontage Type County Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 33607

Price
AVG $490K
$3.2M
Taxes
AVG $32,537
$19,164
Visits
AVG 523
2195
Data Provided by Inside Real Estate®
Year Built
AVG 1975
1967
Walkscore
AVG 56
67
Data Provided by Walkscore® not using MLS data