119 N 11th STREET #1,2,3
Tampa, FL, 33602 $ 5,875,000
Baths0.0 Sq 15,500 Monthly Estimate*
$ 41,039
Studio
for $5,875,000. This 15,500 square foot building was built in 2006 on a lot size of 0.33.
Channel District Mixed Use Property made up of an Office/Retail Condo Portfolio with optional Residential Penthouse: Realty Center International LLC proudly presents an exceptional, and totally unique, one-of-a-kind mixed use investment opportunity – a distinctive 3-unit office/retail condo portfolio along with an optional exclusive penthouse condo situated in the highly sought-after Channel District of Tampa. Strategically located just 1.5 blocks away from the sought after Water Street Tampa development and Sparkman's Wharf, this property is positioned perfectly in the middle of the ongoing transformation of Tampa’s Channel District, not just into a dynamic Live-Work-Play community, but a desirable destination for all. Within just a few blocks you will find the Cruise ships port, Tampa aquarium, The Amalie Arena, the scenic Tampa riverwalk, a variety of diverse restaurants & entertainment venues & the Newly approved Ybor Harbor Development. Embrace the uniqueness of a boutique building where each floor functions as its own retail, office or residential condominium, where the elevator stops at your private lobby, with onsite parking &steel construction. The attached parking lot provides tenant convenience & value supplemented by the additional 150 public parking spaces available for lease next door. Must be purchased with attached parking lot, folio #199294-2419. Attached parking lot price $1,125,000. Total price for the 3 commercial condos with the parking lot is $7,000,000 Key Investment Considerations: 1.The high-quality construction, onsite parking & boutique condo design create the opportunity to maximize rental rates. Current market rental rates for Class A office space are conservative at $35 sq ft NNN, & trending upward. There are office/retail spaces renting as high as $50 sq ft & full-service executive suites as high as $73 sq ft 2.The CD-1 zoning is a mixed-use zoning that allows for many additional future uses & development. The ability to either purchase the 4th floor penthouse at this time or a first right of refusal to purchase at a later time, provides an owner with an opportunity for a luxurious on-site residence or additional rental income. 3. Condominium Ownership Flexibility: The condominium ownership structure allows for future disposition flexibility, including the potential future sale of individual units at a premium to users, adds to a diverse investment strategy. 4.The ability to offer tenants some onsite parking, coupled with extra parking available for lease next door, further enhances the property’s attractiveness. Property Facts: • Number of Condos: 3 Commercial, 1 Residential • Rentable office/retail pace: 15,500 sq ft total / 1st floor: 3,500 sq ft/ 2nd floor: 6,000 sq ft/ 3rd floor: 6,000 sq ft • Office/Retail onsite parking spaces: 15 • Optional penthouse: 4 bedrooms, 4.5 baths /AC and heated: 5,426 sq ft / Covered terraces: 592 sq ft / Garage: 1,347 sq ft / Total: 7,365 sq ft • 6 car garage plus 1 guest spot The Penthouse, Folio #199294-2418 can be purchased for $5,400,000 if purchased with the commercial condos for a total of $12,400,000
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FeaturesGeneralCooling Central Air Other Zoned
Zoning CD-1
Construction Materials Stucco
Year Built 2006
Unit Number 1 2 3
Property SubType Office
Tax Year 2023
Percent Ownership Condominium
County Hillsborough
New Construction No
Property Type Commercial Sale
Subdivision Name CITY BLUE
Building Features Bathrooms Dumpsters Elevator Loading Dock Reception Solid Surface Counter Stone Counter
Status Active
Directions Traveling east on Channelside Dr turn left onto S Meridian Ave then right onto E Washington St and right onto N 11th St
City TAMPA
Buyer Agent Compensation 2%
MLS Area 33602 - Tampa
Lot Size Square Feet 14374
Waterfront Y/N No
Street Name 11th
Listing Terms Owner May Carry
Tax Annual Amount 11691.74
Public Remarks Channel District Mixed Use Property made up of an Office/Retail Condo Portfolio with optional Residential Penthouse: Realty Center International LLC proudly presents an exceptional and totally uniq
Virtual Tour https://www.propertypanorama.com/instaview/stellar/U8236843
Days on Market 1
Standard Status Active
Tax Lot 2
Legal Description CITY BLUE LOT 1 2 3
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ExteriorParking Features 13 to 18 Spaces Deeded Ground Level
Lot Size Area 14374
Foundation Details Slab
Number of Buildings 1
Building Area Total 15500
Lot Size Acres 0.33
Road Surface Type Asphalt
Lot Size Units Square Feet
Road Frontage Type City Street
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InteriorTotal Stories 1
Air Conditioning Y/N Yes
Street Suffix STREET
Total Baths 0
Living Area Units Square Feet
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* Excluded FeaturesList ByRealty Center InternationalBroker
rodgerkooser@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $41,039
- Monthly Property Taxes
- $974
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Tampa, FL
Average List Price $1,565,603
Percent of Sale Price 73%
About Tampa, FL 378,990 Population
25% Since 2002
$ 49,435 Median Income
37.04 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
266288 Elementary School
265661 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/19/2024 | $5,875,000 | | Listed Price |
119 N 11th STREET #1,2,3, Tampa, FL, 33602 is a Commercial Property for sale at $5,875,000 with 15,500 sqft and a lot size of 0.33. 119 N 11th STREET #1,2,3 is a studio with 0.0 baths and was built in 2006. The property's zip code is 33602 which is in Tampa, FL