21,892 SqFt
21,892 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 21,892 sqft
Price per Sqft $566
Subdivision City Blue
MLS Listing ID U8238343
HOA Y/N No
Originating Board Stellar MLS
Year Built 2006
Annual Tax Amount $11,691
Lot Size 0.330 Acres
Acres 0.33
Property Description
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 • One of a kind 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
Location
State FL
County Hillsborough
Community City Blue
Zoning CD-1
Interior
Cooling Central Air, Zoned
Exterior
Roof Type Membrane
Building
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Metal Frame,Stucco
New Construction false
Others
Ownership Condominium
Acceptable Financing Owner Financing
Listing Terms Owner Financing
Special Listing Condition None
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
dgonzalez@homesunlimited.solutions
8803 Futures Drive Unit 10A, Orlando, Florida, 32819, USA