1001 N Macdill Ave
Tampa, Florida, 33607, United States
Property Provided By
- Michael Braccia, PA
- BAY STREET COMMERCIAL LLC
- +1 (813) 625-2375
Connect with local buyer agents who are willing to offer commission savings!
Property Information
This unique Midtown investment opportunity is located at the hard corner lighted intersection of N. Macdill Avenue and W. Cypress Street. The 8,494 SF building sits on a 35,850 square foot (.82 Acre), CG (Commercial General) zoned parcel just blocks away from the newly established “Midtown” district of Tampa, Florida. This site is conveniently located in the heart of a large high-density population with excellent access from major roads with an abundance of commercial activity and is one of the most rapidly redeveloping neighborhoods throughout the Tampa-St Petersburg MSA. The building currently consists of 7 units ranging from 698 SF up to 1,600 SF. This site is one of the few throughout the market with adequate parking (46 spaces or 6.2 spaces / 1000 SF) for medical users within such close proximity to serve the highly sought after South Tampa demographic. The retail exposure and ample parking offers an opportunity to alter tenant mix over time and drastically increase the investment return as medical lease rates in this market are currently in the mid to upper 30's per SF NNN. This parcel also has a highly desirable future land use designation of CMU-35 which stands for Community Mixed Use – 35 units to the acre development density for a mixed use development. The development potential of such a land use also comes with a potential development FAR (floor-to-area ratio) of 2.0 meaning that this .81 acre parcel would have a maximum development potential of 28 units totaling a maximum of 71,700 SF of building improvement. Please contact us to discuss current tenancy and P&L information. Located at the intersection of N. Macdill Avenue and W. Cypress Street.
Directions
Veterans Express (589 S), continue on Memorial Hwy, take the exit toward Tampa/I-4 onto I-275 N (SR-400), 1.4 miles, take Exit 41A toward US-92/Dale Mabry Hwy, .53 miles, turn right toward N Dale Mabry Hwy/US-92, 0.17 miles, turn left onto W Cypress S, 0.76 miles, turn left onto N MacDill Ave to property.
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Listing Information © 2024 Stellar MLS. All Rights Reserved.
Courtesy of BAY STREET COMMERCIAL LLC admin@baystreetcommercial.com
IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the MLS GRID as of 2024-07-16 20:29:07. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Property Provided By
- Michael Braccia, PA
- BAY STREET COMMERCIAL LLC
- +1 (813) 625-2375
Connect with local buyer agents who are willing to offer commission savings!
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