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$12,400,000
93 Days Online

119 N 11th Street #1,2,3,4
Tampa, FL 33602

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
21,892
SqFt
$566
/SqFt
2006
Built
Subdivision:
City Blue
County:
Hillsborough
Call Now: 727-202-1417
Is this the home for you? We can help make it yours.
727-202-1417
119 N 11th Street119 N 11th Street119 N 11th Street119 N 11th Street
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Channel District Mixed Use Property made up of an Office/Retail Condo Portfolio with optional Residential Penthouse: Realty Center International LLC proudly presents an exceptional, and totally unique, one-of-a-kind mixed use investment opportunity – a distinctive 3-unit office/retail condo portfolio along with an exclusive penthouse condo situated in the highly sought-after Channel District of Tampa. Strategically located just 1.5 blocks away from the sought after Water Street Tampa development and Sparkman's Wharf, this property is positioned perfectly in the middle of the ongoing transformation of Tampa’s Channel District, not just into a dynamic Live-Work-Play community, but a desirable destination for all. Within just a few blocks you will find the Cruise ships port, Tampa aquarium, The Amalie Arena, the scenic Tampa riverwalk, a variety of diverse restaurants & entertainment venues & the Newly approved Ybor Harbor Development. Embrace the uniqueness of a boutique building where each floor functions as its own retail, office or residential condominium, where the elevator stops at your private lobby, with onsite parking &steel construction. The attached parking lot provides tenant convenience & value supplemented by the additional 150 public parking spaces available for lease next door. Key Investment Considerations: 1. The high-quality construction, onsite parking & boutique condo design create the opportunity to maximize rental rates. Current market rental rates for Class A office space are conservative at $35 sq ft NNN, & trending upward. There are office/retail spaces renting as high as $50 sq ft & full-service executive suites as high as $73 sq ft 2. The CD-1 zoning is a mixed-use zoning that allows for many additional future uses & development. The ability to either purchase the 4th floor penthouse at this time or a first right of refusal to purchase at a later time, provides an owner with an opportunity for a luxurious on-site residence or additional rental income. 3. Condominium Ownership Flexibility: The condominium ownership structure allows for future disposition flexibility, including the potential future sale of individual units at a premium to users, adds to a diverse investment strategy. 4.The ability to offer tenants some onsite parking, coupled with extra parking available for lease next door, further enhances the property’s attractiveness. Property Facts: • Number of Condos: 3 Commercial, 1 Residential • Rentable office/retail pace: 15, 500 sq ft total / 1st floor: 3, 500 sq ft/ 2nd floor: 6, 000 sq ft/ 3rd floor: 6, 000 sq ft • Office/Retail onsite parking spaces: 15 • One of a kind penthouse: 4 bedrooms, 4.5 baths /AC and heated: 5, 426 sq ft / Covered terraces: 592 sq ft / Garage: 1, 347 sq ft / Total: 7, 365 sq ft • 6 car garage plus 1 guest spot

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Listing Snapshot
Price 
$12,400,000
Days Online 
93 Days
Bedrooms 
N/A
Inside Area (SqFt) 
21,892 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.33 Acres
Year Built 
2006
MLS® Number 
U8238343
Status 
Active
Property Tax 
$11,691
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
3 months agoListing first seen online
General Features
Construction 
Stucco
Number of Stories 
1
Acreage 
0.33
Property Sub Type 
Mixed Use
Foundation 
Slab
Zoning 
CD-1
Ownership 
Condominium
Parcel Number 
A-19-29-19-89O-000000-00001.0
Interior Features
Cooling 
Central AirZoned
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Exterior Features
Roof 
Membrane
Waterfront Property 
No
Road Frontage 
City Street
Community Features
Township 
29
MLS Area 
33602 - Tampa
Listing courtesy of REALTY CENTER INTERNATIONAL 833-352-2666



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2024, Stellar MLS.
Data last updated at: 2024-07-21 09:30 AM EDT

Neighborhood & Commute
Source: Walkscore
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