Hyde Park Medical Building & Land

Office for Sale
Catylist Listing ID: 30593723
Property Subtypes: Medical, Office Building
Building Size (RSF): 2,997 SF
Gross Land Area: 14,232 SF
Sale Price: $1,095,000
Unit Price: $365.37 PSF
Property Use Type: Vacant/Owner-User
Building Name: Hyde Park Medical Building & Land
Class of Space: Class B
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/22/2020

Overview / Comments

This 2,997 SF medical building sits on a rare 14,232 SF buildable corner lot located in the heart of Hyde Park, arguably one of the most sought after areas in Tampa. There is ample parking on site (22+ spaces) meeting the City of Tampa's medical parking requirement of 6 spaces per 1000 SF. The parcel is currently zoned RO-1 (Residential Office) with a 1.0 FAR and, as such, allows for a potential development based upon existing zoning of up to 14,232 SF of Residential or Office use, although parking requirements and overlay requirements may limit the maximum building envelope.

The Future Land Use of RES-50 (Residential - 50 Units per acre) offers additional design and development possibilities for multi-family development. Currently, the site would offer a potential multi-family development of up to 13 units (40 du/ acre) without meeting bonus provisions for the 50 du / acre maximum density) assuming development meets the development guidelines and architectural review within the Hyde Park Historic District.

The scarcity of office, medical, and residential availability in this high demand market allows this property to offer a unique opportunity to design to personal specs as one of the few developable parcels of land in the protected and prestigious historic district.

Located in the S. Hyde Park area of Tampa south of Kennedy Boulevard and the Selmon Expressway, offering easy access to all surrounding areas.

**DETAILED SALE BROCHURE UNDER PHOTOS & DOCUMENTS**

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: A-24-29-18-4ZX-000010-00003.0
Zoning: RO-1 - RESIDENTIAL OFFICE - LOW TO MEDIUM DENSITY
Property Located Between: S Magnolia Ave & W Platt St
Highway Access: I-275 & Selmon Expressway
Airports: Tampa International
Site Description: Located on a 14,232 SF buildable corner lot located in the heart of Hyde Park.
Area Description: Located in the S. Hyde Park area of Tampa south of Kennedy Boulevard and the Selmon Expressway.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1954
Exterior Description: One story office building
Parking Ratio: 6 (per 1000 SF)
Parking Description: Ample parking on site (22+ spaces) meeting the City of Tampa's medical parking requirement of 6 spaces per 1000 SF.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,317 108,584 239,706
Median Age: 32.85 36.96 37.15
Households: 8,375 47,110 99,552

Contact

Photograph of Listing Agent

Michael Braccia, P.A.

Bay Street Commercial CE-FL Member
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