David Shippey
863.521.4517

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!

$5,875,000 | N/A beds | N/A full baths | N/A half baths | 15,500 sqft

$5,875,000 No Recent Price Change
119 N 11th Street UNIT 1,2,3
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 St

This listing courtesy of Realty Center International 

Mortgage Calculator

%
$
%
Dollars per $1000
$
Approximate Monthly Payment 0.0
On davidshippey.com since Thu, Apr 18th 2024
No Property History recorded for this listing.

Broker Reciprocity The information being provided by © 2024 My Florida Regional MLS DBA Stellar MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the My Florida Regional MLS DBA Stellar MLS. XCELLENCE REALTY, INC is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of XCELLENCE REALTY, INC, a broker participant of My Florida Regional MLS DBA Stellar MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. MLS IDX data last updated on 09-20-2024 5:27 PM EST.

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.


This real estate website and IDX data is hosted by Dynamic IDX, LLC (843.637.2411)

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.

Related Searches:  Chain of Lakes Winter Haven Florida