Description

Great Real Estate investment opportunity in Tampa for a Multi Family developement which includes a commercial building, two bungalow rentals located at (3420 N 15th St & 1410 27th Ave), and a vacant lot across the street for additional parking, located at (3414 15th St). Gross area is 4952 sq ft building to run your own business in the main building while cash flowing the rentals. Large parking in the rear with 4 extra covered parking spaces for employees or tenants. Extra parcel (31x110) across the street from building for added parking or add a small out building for storage.
This 4952 sq. ft. building has a very large Auditorium with stage (34x45), two large office areas (18x28), two smaller offices (9x20), and two upstairs offices (unfinished 18x12) with other storage areas. There are 5 entry doors giving access to the building. The bottom floor can be subdivided with the option to sub lease parts of the building and create more cash flow. There are two bungalows, Bungalow # 1 is 1092 sq. ft., Bungalow # 2 is 1353 sq. ft. Both bungalows are 3/2 and cash flow at $1500 each unit on a month to month lease. These rents can be increased to market rates to $ 2000 to $ 2500.
This complex is close to downtown Ybor city business district & night life, downtown Tampa, HCC college campus, 2 minutes from I-275 and close to the Tampa International Airport. This special corner complex has a solid rental history and income stream. The property is a perfect investment, creating cash flow while waiting on the re-zoning process be completed. These 3 main parcels have the potential to be rezoned PD for a multi- family complex. All four parcels total 33,430 sf. Buyer must submit a pre- submittal application to city of Tampa for review and then go through the rezoning process. All due diligence must be done by the buyer, seller is not guarenteeing rezoning.