• Hyde Park Medical Building & Land - 502 S Magnolia Ave, Tampa, FL 33606

For Sale

Office

For Sale

This property is available for sale
0.33
Acres
$1,095,000
Sale Price
  • Year Built
    1954
  • Total Building Size
    2,997 RSF
  • Overview

    Located in the S. Hyde Park area of Tampa south of Kennedy Boulevard and the Selmon Expressway, offering easy access to all surrounding areas. This 2997 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 (20 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 9940 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.

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Property Details

Located in the S. Hyde Park area of Tampa south of Kennedy Boulevard and the Selmon Expressway, offering easy access to all surrounding areas. This 2997 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 (20 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 9940 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.

  • Property Type
    Office
  • Submarket
  • Year Built
    1954
  • Sale Price
    $1,095,000
  • Total Building Size
    2,997RSF
  • Total Acres
    0.33
  • Building Class
    B
  • Sale Status
    Available
  • Last updated
    Apr 07, 2020
  • Property ID
    2148816

Landlord's Sales Representative

  • Scott Shimberg
    Bay Street Commercial