2811 34th St Tampa, FL 33605-3119
- Office buildings
- 5,568 SF
- 0.21 lot acres
Jan 03, 2025
Current Use by Public Records
- Cars / Auto Repair Shop
- Grand Bay Recording Studios / Recording Studio / Learning Center
- STB Entertainment / Recording Studio / Music Management And Promotion
Property Details for 2811 34th St
- Year built
- 1984
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.21 lot acres
- Property size
- 5,568 SF
- Zone code
- CI
- Property type
- Office buildings
- APN
- A0829194NS000001000100
- APU
- A0829194NS000001000100
Description
This exceptional 5,568-square-foot mixed-use property in Tampa, Florida, presents a unique investment opportunity. Located in the vibrant Ybor City area, this two-story, free-standing building boasts a prime location near I-4, offering easy access to downtown Tampa and the Tampa Riverwalk. Constructed in 1984 and extensively renovated in 2018, the building features a new roof (2022) and new laminate luxury floors (installed 6 months prior to listing). Currently configured as a fully built-out recording studio with five rooms, double drywall, soundproofing, and four exhaust fans, the ground floor also includes a kitchen and bathroom (plumbing for a second bathroom is available). The structure's load-bearing beams (every 24 feet) allow for the potential reinstatement of four bay doors. The upper floor comprises three apartments (two 2-bedroom/2-bathroom and one 1-bedroom/1-bathroom), currently used for storage but easily convertible back to income-generating units. The property includes a fenced area with 15 parking spaces and an additional 4,850-square-foot parcel with a separate water meter. The 0.34-acre lot is zoned CI, permitting over 109 uses, including retail, office, residential, restaurant, warehouse, and various entertainment options. A Phase 1 environmental study was completed in May 2021, and a termite inspection warranty is in place for three years. This property offers significant upside potential for owner-users or investors seeking a versatile and well-located asset in a thriving Tampa neighborhood. The asking price is $995,000, with owner financing available. This is an Opportunity Zone property.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $765,000
- ML approach
- $790,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $805,000
Market price range: $763k - $2.42M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,450,000
- RETAIL STORES
- $1,235,000
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Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4221
- Latitude
- 27.969
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA