• Units
• 4,268 Sq Ft
• 10,200 Sq Ft
• Unknown Cap Rate

Description

REDEVELOPMENT OPPORTUNITY - COMMERCIAL GENERAL ZONING (CG). Investors, here is a unique and tremendous investment opportunity to acquire a versatile Commercial General (CG) zoned property in one of Tampa’s actively transitioning corridors. Surrounded by major infrastructure upgrades, new construction residential developments, and a growing slate of business and investment incentives, this property is positioned for substantial returns. Located within multiple highly incentivized zones in Tampa including HubZone, Opportunity Zone, Enterprise Zone, and the East Tampa Community Redevelopment Area (CRA), this asset offers investors and developers an uncommon combination of flexibility, potential advantageous tax environments, and strong appreciation potential. Inventory with this concentration of incentives is exceptionally rare, making this offering stand out in the Tampa market. The existing CG zoning supports a wide range of uses such as professional and medical office, retail, salon, and barber services, making it ideal for owner-users or portfolio expansion. The building features multiple private offices, a conference room, an area for assembly, five bathrooms, a full kitchen and 5 electric meters. Private on-site parking available. Utilized as an assembly space, the layout supports both use with the existing floor plan or allows for efficient reconfiguration for commercial operations. For developers seeking value-add potential, this property presents a compelling redevelopment pathway. With an approved application through the City of Tampa, the site can be converted to Multifamily Residential Zoning, allowing for the development of a 5-unit income-producing multifamily property. Additionally, investors may explore increasing density through the city's permitting process, creating even greater long-term rental income and property valuation growth. Whether you are looking to strengthen your commercial portfolio or diversify into mixed-use or multifamily assets, this property offers an attractive upside, strong value-add components, and prime positioning within a rapidly improving neighborhood. With the available incentives for the area, redevelopment potential, and versatile existing floor plan, this is a rare opportunity to capitalize on one of Tampa’s most promising growth zones. Seller may be willing to negotiate inventory, furniture and appliances. Call and schedule an appointment today to see this property.