$1,145,000 list price
location_onTAMPA, FL 33618 · Hillsborough County
EXECUTIVE SUMMARY Excellent opportunity to acquire a free standing 4,058 SF single-story professional office building located within the highly desirable OAK GROVE PROFESSIONAL PARK in Carrollwood. This versatile, concrete-block asset is currently configured into three separate, fully leased suites. Currently all three tenant leases are perfectly synchronized to expire in late 2026, unless extended, offering an incoming buyer flexibility. An investor can immediately capture a rent upside by resetting current rates to market value. Alternatively, an owner-user can acquire the property, enjoy a stable, built-in income stream for the next several months, and occupy any portion or the entirety of the building by late 2026. INVESTMENT HIGHLIGHTS *Immediate Value-Add Upside: Existing tenants have longevity with the building and enjoy a conservative rent. Transitioning the building to the market average for rent can increase income *Synchronized Lease Expirations: This layout eliminates long-term tenant lock-in, providing a blank canvas for immediate repositioning or owner occupancy. *Premium Carrollwood Location: Positioned directly on West Bearss Ave, immediately off the heavily trafficked North Dale Mabry Hwy corridor. Exceptional visibility, easy access to the I-75/I-275 apex, the Veteran's expressway and surrounded by Tampa submarkets, *Low-Maintenance Association Asset: Situated within a pristine, professionally managed office park. The active association handles common area maintenance, parking lot preservation, grounds security lighting, and trash removal. The office park has robust reserve funds and is currently undergoing a landscape improvement project. PROPERTY SPECIFICATIONS Building Size: 4,058 SF Number of Tenants: 3 Distinct Suites Construction: Durable Concrete Block Structure with Brick Highlights Parking: Ample, shared cross-parking throughout the professional park. Permitted Uses: General Professional Office, Legal, Corporate Headquarters, and Intensive Medical/Dental Practices Other: Recently Painted Interior---2026 Hurricane Windows in All Suites Throughout the Building---April 2024 New Roof----August 2020 Assocciation maintains strong financial reserves.
Appliances
Flooring
Cooling
Heating
Construction
Roof
Parking
Joyce Brake
ADVANTAGE REALTY SERVICES, INC
$229,000 down
Loan amount $916,000
Estimated monthly principal & interest
$5,790
Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.
ADVANTAGE REALTY SERVICES, INC
813-908-8300
