Value add building for sale

8900 N. Armenia Ave Tampa, FL 33604

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FOR SALE FOR LEASE Incentives
Property Type:
Multi Tenant Office
Amount:
. $2,702,200
Last Verified:
Oct 18, 2017

Highlights

  • 3 Brick Buildings
  • Located just off Busch Blvd
  • Below market rates
  • Bus stop within walking distance

Description

3 professional office buildings all constructed of brick. Building 100 (6,569sf) is 100% leased. Building 200 has 4,300sf available and can be split into smaller suite (total building is 12,866sf. Building 300 (7,587sf) has one space available (1,400sf). Property is zoned RO-1 through City of Tampa.

Three single story office buildings just south of Carrollwood in Central Tampa. All suites feature separate access and restrooms in-suite. The property has a bus stop within walking distance. Rent is net of electric and in-suite janitorial.

Located on N. Armenia Ave just south of Busch Blvd.


Year Built: 1988
Building Size: 27022.0sq ft
Building Class: B
Lot Size: 2.0 acres

Units for Lease

Building 1
Lease Type: Modified Gross
Price Per Sqft/Year: $12.0
Building 200
Lease Type: Modified Gross
Price Per Sqft/Year: $12.0

Map of 8900 N. Armenia Ave, Tampa, FL, 33604

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.