Prime Warehouse/ Office :: 14,154 SF

Highlights:

• $2,300,000/
• Folio #: 104848-0000
• .71 Acres/ 32,762 SF lot
• 14,154 SF Commercial Building
• Solid metal/ concrete block construction
• New septic & drain field- Jan. 2022
• 150’ fronting W. Hillsborough Avenue
• QUALIFIED HUBZONE
• HIGH TRAFFIC LOCATION
• Just one mile west of Interstate 275 North
• Highest and best use: Office/ Warehouse :: Manufacturing/ Production
• Fantastic value-add potential
• Seller willing to 1031 exchange

Description:

Florida Commercial Group is pleased to offer a phenomenal opportunity to purchase a free-standing industrial building!
Located at 601 W. Hillsborough Avenue, this 2-story metal and concrete constructed office/ warehouse is prime real estate with direct frontage on W. Hillsborough Avenue and boasts superior visibility to over 50K vehicles that travel east and west along this bustling corridor every day! Measuring 14,154 SF and zoned CG, this property represents a fantastic value-add opportunity of endless possibilities for production, manufacturing, distribution, warehouse or showroom/ office use.
This incredible mix of office/ warehouse with a contiguous (owner’s) apartment on the second floor is an ideal location for an owner/ user. The building may also be upgraded with an elevator and converted to a multi-tenant structure or completely utilized as a single user work/ production space. Some current upgrades to the building include Kool Seal coating has been applied to the metal roof, HVAC system has been replaced and a new septic tank and drain field was added, January 2022. The subject lot is extra-large, deep and measures .71 acres offering ample outside storage or room for expansion with plenty of private parking to the rear of the building. The building also features a dock-high truck well for loading and unloading. There is also a balcony- porch that includes a third separate rear entrance which features screened in outdoor seating. **Owner’s note, the building may be pressurized to maintain air quality and two metal manual ramps may be included in this sale. **

Call today for additional property details.

Situated in a qualified HUBZone in Seminole Heights, this is a highly sought-after location/ area and is an idyllic live/ work set up that could greatly appeal to an owner- user/ private investor. 601 W. Hillsborough Avenue is located minutes from N. Florida Avenue and N. Nebraska Avenue and is situated between Interstate 275 and N. Dale Mabry Hwy. offering ease of access and a quick commute from anywhere throughout the Tampa Bay area. Upon closing, the owner will vacate. However, if the buyer has an interest, the seller is willing to consider a 1031 exchange. This building is in fabulous condition as is and is an outstanding commercial investment opportunity! Come make this property your new showplace and get in on the abundance of area growth that this market has to offer!

Purchase price: $2,300,000
Folio Numbers: 104848-0000
GSF: 14,154 SF
Lot size: 32,762 SF (.71 acres)
Zoned: CG (General Commercial)
Traffic: 50,500 VTD (AADT, 2021)
2021 Taxes: $12,180.73

INVESTMENT HIGHLIGHTS
10-12’ ceiling height
Solid metal/ concrete block construction
Roof has been Kool Sealed coated
New septic & drain field- Jan. 2022
HVAC system replaced
150’ fronting W. Hillsborough Avenue
Prime Seminole Heights/ Riverbend location
Incredible signage opportunity
Ideal for owner/user or investment opportunity
Fantastic value-add potential
Highest and best use: Office/ Warehouse :: Manufacturing/ Production
Quick access to new developments happening in the surrounding area
Seller willing to 1031 exchange
QUALIFIED HUBZONE- providing long-term tax benefits to tenants and business owners
Excellent frontage and exceptional accessibility
HIGH TRAFFIC LOCATION
Population of 145,229 residents with an average household income of $51,820 within 3 miles of the site
Just one mile west of Interstate 275 North
Approx. 2.3 miles east of N. Dale Mabry Hwy.
Quick accessibility to highways and major thoroughfares, ie… Interstate 275, Veteran’s Expy, Florida Ave., Nebraska Ave., Busch Blvd, Fowler Ave. and Dr. MLK Jr Blvd.
Neighboring businesses include: Walmart, Publix, AutoZone, Starbucks, Save A Lot, Circle K, Mobil, Papa John’s Pizza, Meals on Wheels of Tampa, ABC Pizza, O’Reilly Auto Parts, Walgreens, Family Dollar, Dunkin Donuts, CVS and more
High­ energy business and residential district that is frequented by local & regional visitors- a great investment asset or portfolio expansion opportunity
Surrounding neighborhoods include: Wellswood, Riverbend, The Heights and West Tampa
The area is exploding with new retail, multi-family and single-family development

RIVERSIDE ESTATES LOTS 1 2 3 & 4 BLOCK 8...LOT BEG 60 FT W & 30 FT N OF SE COR OF GOVT LOT 5 & EXT N 123 FT & W 150 FT LESS R/W FOR HILLSBOROUGH AV BEG 73.78 FT S OF NE COR OF LOT 10 RUN N 86 DEG E 150.40 FT S 63.60 FT W 150.02 FT & N 53.44 FT TO POB

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