Ybor City Historic El Encanto Bldg for Sale

Office for Sale
Catylist Listing ID: 30855375
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 8,714 SF
Sale Price: $3,999,900
Unit Price: $459.02 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2023

Overview / Comments

-Two story historic brick building
-Current Use: Office upstairs/Retail & Office Downstairs
-Located at lighted intersection of 15th St & 8th Ave.
-Square footage: 8,714 SF (includes 912 sf storage)
-Lot size: 55’ x 138’ (0.17 acre)-?Construction: Brick
-Average Wall height: 12 ft
-Zoning: YC-1 (Ybor City Commercial Core)
-Folio #: 197084-0000
-Built: 1905
-Utilities: Tampa Electric & City of Tampa for water/sewer
-Property Taxes (2022): $22,261
-Parking: Gated parking lot currently configured with 6 parking spots(subject to verification) in back of building
-The seller currently occupies the upstairs and would consider a leaseback for their upstairs or would vacate upon closing. Downstairs law firm office tenant is month to month. Downstairs corner retail unit is vacant.

-Welcome to the totally renovated El Encanto building. This is rare opportunity to purchase one of Ybor City’s treasured historic buildings with both retail and office space. The property abuts the new Hotel Haya and is located across the street from Hillsborough Community College’s Ybor City Campus. The beautiful brick building features all the appeal of Historic Ybor City along with today’s modern creature comforts. This two-story structure features retail/office downstairs and office upstairs. The property features an on-site gated parking lot. The property is one block off 7th avenue and within a short distance of dozens of restaurants, housing, apartments, offices, parking., shoppes, bars and other entertainment. The TECO Streetcar System (stop #3) is located across the street. The upstairs is set up as an office with a conference room, break room, twelve private offices, a reception area, and two bathrooms. Skylights, wood floors, modern lighting, multiple windows, and brick walls with 12’ ceilings accent the upstairs appearance. The rear stairwell provides quick access to the parking lot. This property is perfect for a lawyer, engineer, contractor, architect or anyone looking for a corporate headquarters with the ability of leasing out the balance of the building for additional income.
-New TPO roof installed 2023. Roof HVAC units replaced 2021. Downstairs HVAC Units replaced 2017.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 197084.0000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,184 120,391 292,067
Median Age: 35.54 35.35 36.14
Households: 6,893 49,038 117,911


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