119 N 11th Street UNIT 1,2,3 Tampa Florida | Home for Sale
To schedule a showing of 119 N 11th Street UNIT 1,2,3, Tampa, Florida, Call David Shippey at 863-521-4517 TODAY!
Tampa, FL 33602
- N/ABeds
- 0.00Total Baths
- 0 Full, 0 HalfBaths
- 15,500SqFt
- 2006Year Built
- 0.33Acres
- MLS# U8236843
- Commercial
- Office
- Active
- Approx Time on Market5 months, 2 days
- Area33602 - Tampa
- CountyHillsborough
- Subdivision City Blue
Overview
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 Tampas 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 $7,000,000Key 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 propertys 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
Agriculture / Farm
Grazing Permits Blm: ,No,
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Horse: No
Association Fees / Info
Senior Community: No
Association: ,No,
Bathroom Info
Building Info
Building Area Source: Owner
Business Info
Buyer Compensation
Exterior Features
Pool Private: No
Financial
Original Price: $5,875,000
Garage / Parking
Open Parking: No
Parking Features: Deeded, ParkingSpaces
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Irrigation Water Rights: ,No,
Interior Features
Fireplace: No
Spa: No
Lot Info
Direction Remarks: Traveling east on Channelside Dr turn left onto S Meridian Ave then right onto E Washington St and right onto N 11th St
Number of Lots: 3
Lot Size Units: Acres
Lot Size Acres: 0.33
Lot Sqft: 14,374
Road Frontage Type: CityStreet
Other
Special Conditions: None
Other Rooms Info
Basement: No
Property Info
Habitable Residence: ,No,
Section: 19
Class Type: Office
Property Sub Type: Office
Property Attached: No
New Construction: No
Construction Materials: Stucco
Total Stories: 1
Mobile Home Remains: ,No,
Foundation: Slab
Home Warranty: ,No,
Human Modified: Yes
Sqft Info
Sqft: 15,500
Bulding Area Sqft: 15,500
Living Area Units: SquareFeet
Tax Info
Tax Year: 2,023
Tax Lot: 2
Tax Legal Description: CITY BLUE LOT 1,2,3
Tax Annual Amount: 11691.74
Tax Book Number: 21-217
Unit Info
Rent Controlled: No
Unit: 1,2,3
Utilities / Hvac
Electric On Property: ,No,
Cool System: CentralAir, Other, Zoned
Cooling: Yes
Heating: No
Waterfront / Water
Waterfront: No
View: No
Directions
Traveling east on Channelside Dr turn left onto S Meridian Ave then right onto E Washington St and right onto N 11th StThis listing courtesy of Realty Center International
If you have any questions on 119 N 11th Street UNIT 1,2,3, Tampa, Florida, please call David Shippey at 863-521-4517.
MLS# U8236843 located at 119 N 11th Street UNIT 1,2,3, Tampa, Florida is brought to you by David Shippey REALTOR®
119 N 11th Street UNIT 1,2,3, Tampa, Florida has , 0 Full Bath, and 0 Half Bath.
The MLS Number for 119 N 11th Street UNIT 1,2,3, Tampa, Florida is U8236843.
The price for 119 N 11th Street UNIT 1,2,3, Tampa, Florida is $5,875,000.
The status of 119 N 11th Street UNIT 1,2,3, Tampa, Florida is Active.
The subdivision of 119 N 11th Street UNIT 1,2,3, Tampa, Florida is City Blue.
The home located at 119 N 11th Street UNIT 1,2,3, Tampa, Florida was built in 2024.
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