Catylist ID:
#30789571
QOZ :: 25,120 SF W/H :: Commercial Redevelopment :: V.M. Ybor
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: | 30789571 |
| Property Subtypes: | Free-Standing Building, Mixed Use |
| Building Size (RSF): | 25,120 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 27,500 SF |
| Sale Price: | $3,775,000 |
| Unit Price: | $150.28 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Usable Size (USF): | 25,120 SF |
| Sale Terms: | Purchase Money Mortgage, Sale/Leaseback |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/25/2023 |
Overview / Comments
|
Highest and Best Use: Redevelopment, professional office or retail storefront :: Current use, freestanding, 25,120 SF commercial building located in Historic V.M. Ybor :: Literally a hidden gem boasting 250’ of Nebraska Avenue frontage :: Offers great access with excellent visibility :: Situated between E. Columbus Drive and E. 17th Avenue :: Prime location :: Subject consists of an extra- large building situated on a 27,500 SF lot with onsite parking :: This property may be converted to a retail storefront, an event hall or commercial office space :: QOZ and HUBZone! :: This building is currently occupied by a motivated owner/ user and is calling all investors and developers :: Although this building is considered a historical building, it can be easily re-designed by an adventurous architectural designer or developer for a multitude of commercial uses :: East Tampa is experiencing a re-vitalization and renovation growth surge and the area shows tremendous improvement with residential and commercial development happening in every direction :: Located at the signalized intersection of N. Nebraska Avenue and E. Columbus Dr. this property is minutes from Downtown Tampa, Channel District, Historic Ybor, Franklin Street District, Ybor Heights, Interstate 275, Interstate 4, Selmon Crosstown Expressway, Florida Avenue, Dr. Martin Luther King Jr. Blvd and Hillsborough Avenue as well as a short commute to Tampa International Airport, MacDill AFB and Eastern Hillsborough County :: The area is exploding with new Commercial and Residential growth and is surrounded by countless development projects and major travel arteries :: a great place to invest, relocate or expand your business. INVESTMENT HIGHLIGHTS o 25,120 SF Commercial Building o 15’ ceiling height o Solid concrete block and brick construction o Exposed brick interior o Situated on a 27,500 SF lot with onsite parking o 250’ fronting Nebraska Avenue o Prime East Tampa location- Historic V.M. Ybor o Incredible signage opportunity o Ideal for owner/user or developer creative conversion o Fantastic value-add potential o Highest and best use: New or Redevelopment or Retail Storefront or Professional Office o Quick access to new developments happening in the surrounding area o Seller willing to sale and leaseback o Seller will need at least 1 year to relocate current business o Some of the property and business relics from the original construction are still housed in the building and may be available for with a separate sale- Contact Broker for details PROPERTY FEATURES o Superior corner location, great development opportunity o AMAZING frontage, visibility and access o Located on a heavily traveled corridor of N. Nebraska Avenue o Traffic counts total 13,100 VTD (AADT, 2020) o Situated at the signalized intersection of Columbus Drive and N. Nebraska Avenue o Located in Historic V.M. Ybor (a National Landmark District), East Tampa o Population of 97,081 residents with an average household income of $74,644 within 3 miles of the site o New residential, retail and office development within immediate proximity of this site o Literally around the corner from Historic Ybor City o Less than 1 mile from upcoming South Nebraska Avenue Development Projects o One mile Northwest of Downtown Tampa o Barely 1.5 miles Northeast of the Channel District o FDOT installing new off ramp at 14th Street and Nebraska Avenue o OPPORTUNITY AND HUBZONE QUALIFIED- providing long-term tax benefits to the developer and investors o Quick accessibility to highways and major thoroughfares, ie… Interstate 275, Interstate 4, Selmon Crosstown Expressway, Florida Avenue, Dr. Martin Luther King Jr. Blvd and Hillsborough Avenue o Neighboring businesses include: Sunoco Gas, Checkers, Rent King, Centro Asturiano, Kforce, TECO Energy, Children’s Board, Hillsborough Community College, La Segunda Bakery and more o High energy business and residential district that is frequented by local & regional visitors- a great place to invest, relocate or expand your business o The area is exploding with new commercial development and residential growth |
Additional Details
| Nearest MSA: | Tampa-St. Petersburg-Clearwater |
| County: | Hillsborough |
| Tax ID/APN: | 1929074V1000003000003A |
| Retail Clientele: | General |
| Zoning Description: | YC-5 (General Commercial) This subdistrict comprises land used and designated for retail and commercial service operations primarily to serve the residents of the immediate area |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,681 | 137,181 | 306,606 |
| Median Age: | 33.97 | 35.73 | 36.22 |
| Households: | 7,189 | 56,349 | 124,300 |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Moody's assume any liability for errors or omissions. |
