119 North 11th Street, Unit 1 2 3 4

Tampa, FL 33602

$12,400,000
Price
—
Beds
21,892 Sq. Ft.
$566 / Sq. Ft.
21,892
Sq. Ft.
$566
per Sq. Ft.

Description

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...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
  1. Listed by Rodger Kooser • REALTY CENTER INTERNATIONAL

Property Details for 119 North 11th Street, Unit 1 2 3 4

Complex Development Name
City Blue
Subdivision Name
CITY BLUE
Township
29
Waterfront
No
LISTING UPDATED: 11/08/2024 11:19 AM

Property Details for 119 North 11th Street, Unit 1 2 3 4

StatusActive
MLS #U8238343
Days on Market213
Taxes$11,692 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built2006
Lot Size0.33 AC / 14,375 SF
CountyHillsborough County

Building Information for 119 North 11th Street, Unit 1 2 3 4

Stories1Residences-Year Built2006Lot Size0.33 AC / 14,375 SF

Property Information for 119 North 11th Street, Unit 1 2 3 4

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 23984.0
  • Building Area Units: Square Feet
  • Directions: raveling east on Channelside Dr turn left onto S Meridian Ave then right onto E Washington St and right onto N 11th St
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: Business District, City Street
  • Unit Number: No
  • Street Number: 119
  • Street Direction Prefix: N
  • Street Name: 11TH
  • Street Suffix: STREET
  • Unit Number: 1,2,3,4
  • State: FL
  • City: TAMPA
Taxes and HOA Information
  • Tax Block: 0
  • Tax Book Number: 21-217
  • Tax Legal Description: CITY BLUE LOT 1,2,3,4 and City Blue Common Area
  • Tax Lot: 1,2,3,4
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: A-19-29-19-89O-000000-00002.0, A-19-29-19-89O-000000-00003.0, A-19-29-19-89O-000000-00004.0, A-19-29-19-89O-000000-COM00.0
  • Additional Parcels: Yes
  • Parcel Number: A-19-29-19-89O-000000-00001.0
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: CD-1
  • Living Area: 21892
  • Development Name Free Text: City Blue
Property and Assessments
  • Year Built Numeric: 2006
  • Flood Zone Code: X500
  • New Construction: No
  • Number Of Lots: 5
  • Public Survey Range: 19
  • Public Survey Section: 19
Interior and Exterior Features
Exterior Features
  • Construction Materials: Metal Frame, Stucco
  • Foundation Details: Slab
  • Pool: None
  • Pool Private: No
  • Roof: Membrane
  • Waterfront Feet Total: 0
  • Number Of Stories: 1
Interior Features
  • Cooling: Central Air, Zoned
  • Living Area Units: Square Feet
  • Water View: No

Property History for 119 North 11th Street, Unit 1 2 3 4

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 119 North 11th Street, Unit 1 2 3 4

This home is within Hillsborough.
Rating
School
Type
Grades
Distance
Washington Elementary School
Public - PK to 5
Madison Middle School
Public - 6 to 8
Blake High School
Public - 9 to 12
Channelside Academy Of Math And Science
Charter - K to 8
Rating
School
Distance
Washington Elementary School
PublicPK to 5

Madison Middle School
Public6 to 8

Blake High School
Public9 to 12

Channelside Academy Of Math And Science
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 119 North 11th Street, Unit 1 2 3 4, Tampa, FL 33602

119 North 11th Street, Unit 1 2 3 4 is a mixed use property for sale in Tampa, FL 33602. This property was listed for sale on April 17, 2024 by REALTY CENTER INTERNATIONAL, it's currently listed at $12,400,000. This listing's school district is Hillsborough. Nearby schools include Washington Elementary School, Madison Middle School and Blake High School. 119 North 11th Street, Unit 1 2 3 4 is a 0-bed, 0-bath, 21,892 sqft mixed use property built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REALTY CENTER INTERNATIONAL, Rodger Kooser

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 11/08/2024 11:19 AM