3105 Granada St Tampa, FL 33629
- Office buildings
- 2,349 SF
- 0.11 lot acres
Current Use by Public Records
- Playbook Public Relations / Public Relations Firm / Marketing Agency
- Copeland Architectural / Architect
Property Details for 3105 Granada St
- Year built
- 1983
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.11 lot acres
- Property size
- 2,349 SF
- Zone code
- PD
- Property type
- Office buildings
- APN
- A3429183U4000044000180
- APU
- A3429183U4000044000180
Description
This 2,349 sq ft, two-story office building in South Tampa presents a unique investment opportunity. Currently leased, generating immediate income, it's situated on a 0.11-acre lot (5,000+ sq ft) just off S. MacDill Avenue. The property boasts a flexible layout, divisible into two units with separate entrances, suitable for multi-tenant occupancy or owner-occupancy. The first floor features a built-out office and massage studio (1,670 sq ft) with modern finishes. Upstairs, a former studio apartment/office includes a full kitchen and bath, offering potential for a live/work arrangement or creative workspace. An air-conditioned garage/office space with an 8' high bay door adds versatility. Ample parking is available (up to 7 spaces). Recently appraised $200,000 above the asking price of $950,000, this property offers significant equity. Located in a flood zone X area (no flood insurance required), it's zoned PD, allowing for various uses including business/professional offices, photo studios with accessory retail, or a residential-office hybrid. This prime South Tampa location offers proximity to major business hubs, restaurants, and high-end residential areas. The combination of immediate passive income and future flexibility makes this a rare and highly desirable investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $665,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $910,000
- 6.5%
- $895,000
- 7%
- $945,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $980,000
- Geo Method
- $790,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $735,000
- Retail
- $720,000
- Mixed-Use
- $870,000
- Hospitality
- $795,000
- Educational
- $835,000
- Residential Income
- $855,000
- Energy
- $895,000
- Income-Based Land
- $855,000
- Food Service
- $850,000
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4941
- Latitude
- 27.9213
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
