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Investment Highlights

  • Great opportunity for ALF or redevelopment.

Executive Summary

This is one of a few built out locations which has Commercial Intensive ( CI) zoning.
Sits between the casino and Seminole Heights- this owner is not looking for CAP rate buyer, more for a redevelopment of this location given CI zoning is being slowly phased out of Hillsborough County. Plenty of room for apartments/ assisted living/ car wash/ open storage,
Has ability to bring 3 phase power here

Property Facts

Price $6,574,608 CAD
Price Per Room $262,984 CAD
Sale Type Investment
Sale Conditions
Ground Lease (Leased Fee)
  • Build to Suit
  • Lease Option
  • Redevelopment Project
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.00 AC
Building Size 10,716 SF
No. Rooms 25
No. Stories 1
Year Built 1952
Tenancy Single
Parking Ratio 1.36/1,000 SF
Corridor Exterior
Zoning CI - Commercial Intensive

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 2 $130.12 CAD -
Guest Room 23 $116.43 CAD -
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
A-06-29-19-4AW-000004-00007.0
Land Assessment
$137 CAD
Improvements Assessment
$741,150 CAD
Total Assessment
$741,287 CAD
  • Listing ID: 35571016

  • Date on Market: 2025-04-21

  • Last Updated:

  • Address: 1509 E Hillsborough Ave, Tampa, FL 33610

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