Holiday Tower - Value Add Investment | 2435-2437 US Highway 19
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Holiday Tower - Value Add Investment 2435-2437 US Highway 19
53,885 SF 100% Leased Office Building Holiday, FL 34691 £2,699,453 (£50/SF)
Investment Highlights
- Value Add Investment
- 2.86 Acre Parcel
- High Visibility
- 53,800 Square Foot Office/Retail Building
- Full Traffic Light Intersection
- Excellent Redevelopment Opportunity
Executive Summary
High profile value add investment opportunity. 53,800 square foot multi-tenant office/retail property positioned at a fully signalized intersection on US Highway 19. Located in the very desirable Tampa, Florida MSA, this investment opportunity allows a value investor to acquire a partially renovated multi-tenant investment property at $64.00 per square foot which is a price that is significantly below replacement cost. Located on approximately 2.86 acres along one of west Florida's major north/south transportation corridors this property provides a qualified buyer with an excellent opportunistic commercial real estate investment. This six story building is located in one of the fastest growing markets on Florida's west coast and is located near attractive residential communities. An opportunistic buyer can continue the renovation of the existing building or re-develop the site.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
53,885 SF
Building Class
C
Year Built/Renovated
1975/2006
Price
£2,699,453
Price Per SF
£50
Percent Leased
100%
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
8,981 SF
Slab to Slab
12 ft
Building FAR
0.43
Lot Size
2.86 AC
Opportunity Zone
Yes
Zoning
C2 - General Commercial
Parking
220 Spaces (4.08 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Route
- Conferencing Facility
- Central Heating
- Natural Light
- Monument Signage
- Air Conditioning
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
Parcel Number | 30-26-16-0010-04900-0020 | Improvements Assessment | £1,034,213 |
Land Assessment | £774,780 | Total Assessment | £1,808,994 |
PROPERTY TAXES
Parcel Number
30-26-16-0010-04900-0020
Land Assessment
£774,780
Improvements Assessment
£1,034,213
Total Assessment
£1,808,994
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Holiday Tower - Value Add Investment | 2435-2437 US Highway 19
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