Description
Exciting investment opportunity in Tampa! This property package includes a multi-use commercial building, two rental bungalows (located at 3420 N 15th St and 1410 27th Ave), and a vacant lot across the street at 3414 15th St, ideal for additional parking. The total gross area spans 4,952 sq. ft., offering endless potential to operate your business in the main building while generating income from the rentals.
The property features ample parking, including a rear lot with four covered spaces for employees or tenants. The additional lot (31x110) across the street provides space for extra parking or a small storage structure.
The main building includes:
A spacious auditorium with a stage (34x45),
Two large office areas (18x28),
Two smaller offices (9x20),
Two unfinished upstairs offices (18x12),
Several storage areas,
Five entry points for easy access.
The ground floor has the flexibility to be divided into smaller units for subleasing, providing even more income opportunities.
The two bungalows include:
Bungalow #1: 1,092 sq. ft., 3-bed, 2-bath
Bungalow #2: 1,353 sq. ft., 3-bed, 2-bath
Both bungalows are currently rented month-to-month at $1,500 each but have the potential for market-rate increases to $2,000-$2,500 a month.
Situated close to the vibrant Ybor City business district, downtown Tampa, HCC campus, I-275, and Tampa International Airport, this corner complex boasts a strong rental history and consistent income.
The combined parcels, totaling 33,430 sq. ft., have potential for rezoning to a Planned Development (PD) for a multi-family complex. Buyers will need to submit a pre-application to the City of Tampa to begin the rezoning process. All due diligence is the responsibility of the buyer, as the seller makes no guarantees regarding rezoning.
This property is ideal for investors looking to create immediate cash flow while navigating the rezoning process. Don't miss out on this unique opportunity!
