119 N 11th STREET
TAMPA, FL, 33602
Price$12,400,000
Beds0
Baths0
SqFt21,892
Baths0
SqFt21,892
Status:Active
Property Type:Commercial
School:
Property Type:Commercial
School:
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 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.
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
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
| Price | $12,400,000 | |
| Total Baths | 0 | |
| Lot Size Area | 14375 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.33 | |
| Property Type | Commercial | |
| Sub type | MixedUse | |
| MLS Sub type | Mixed Use | |
| Year Built | 2006 | |
| Subdivision | CITY BLUE | |
| Roof | Membrane | |
| Foundation | Slab | |
| Directions | raveling east on Channelside Dr turn left onto S Meridian Ave then right onto E Washington St and right onto N 11th St | |
| County | Hillsborough | |
| Latitude | 27.948579 | |
| Longitude | -82.447427 | |
| Market Area | 33602 – Tampa | |
| Address | 119 N 11th STREET #1,2,3,4, TAMPA, FL 33602 | |
| Unit | 1,2,3,4 | |
| Postal Code | 33602 | |
| City | TAMPA | |
| State | FL | |
| Country | United States | |
| Listing Office | REALTY CENTER INTERNATIONAL | |
| Listing Office Phone | 833-352-2666 | |
| Listing Agent | Rodger Kooser | |
| Listing Agent Phone | 954-599-3363 | |
| Special listing conditions | None | |
| Ownership | Condominium | |
| Virtual Tour URL | https://www.propertypanorama.com/instaview/stellar/U8238343 | |
| Days on market | 154 | |
| MLS Status | Active | |
| Listing Date | Apr 18, 2024 | |
| Listing Last Modified | Sep 19, 2024 | |
| Tax ID | A19291989O00000000001.0 | |
| Tax Year | 2023 | |
| Tax Annual Amount | 11691 | |
| MLS Area | 33602 – Tampa | |
| MLS # | U8238343 | |
Tour this home
Choose the date and time of your tour, and one of our agents will confirm your request shortly.
Similar Properties
Find similar properties to 119 N 11th STREET #1,2,3,4, TAMPA, FL 33602
