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The Madison Building 412 E Madison St 100,000 SF 75% Leased Office Building Tampa, FL 33602 For Sale

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INVESTMENT HIGHLIGHTS

  • 412 E Madison Street presents The Madison Building, a freestanding office renowned as one of Tampa's landmark buildings.
  • The glass-facade office building has ground floor retail space, office space on floors 8-12, and 350 parking spaces in the attached garage.
  • Located in Downtown Tampa, this landmark building has never been brought to the market before, a once-in-a-lifetime acquisition.
  • This opportunity presents plenty of investor upside potential or redevelopment opportunity.

EXECUTIVE SUMMARY

In the heart of downtown Tampa, this iconic 12-story office building offers a rare investment opportunity for investors and developers. Built in 1966, the property spans 100,000 square feet and also includes an on-site parking garage with 350 covered spaces. Its premium location on a half-acre lot provides stunning 360° views of downtown Tampa, Water Street, and the Riverwalk, placing it within walking distance of all the city has to offer.

The property is adjacent to the historic Sacred Heart Catholic Church, blending Tampa’s rich history and charm with modern potential. As downtown Tampa continues its revitalization, this building presents an ideal opportunity for buy-and-hold strategies or transformative redevelopment. Whether you're seeking immediate cash flow or long-term growth, this property is uniquely positioned to capitalize on Tampa's booming market.

With active ground-floor retail, an impressive occupancy rate offering a variety of suite sizes and configurations, and a parking garage adding significant property income, this asset generates steady income while offering significant value-add opportunities throughout. From modernizing interiors to unlocking additional revenue streams to redeveloping from the ground up, this property provides endless potential for investors looking to maximize returns.

Opportunities such as this rarely become available, particularly in the Downtown Tampa Central Business District. This landmark property has remained under family ownership since it was originally built in 1966.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
100,000 SF
Building Class
B
Year Built
1966
Percent Leased
75%
Tenancy
Multiple
Building Height
12 Stories
Typical Floor Size
16,666 SF
Slab To Slab
12’
Building FAR
1.95
Lot Size
1.18 AC
Opportunity Zone
Yes
Zoning
CBD-1 - central business district
Parking
350 Spaces (3.5 Spaces per 1,000 SF Leased)

AMENITIES

  • Property Manager on Site

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Ace Hosts
  • Professional, Scientific, and Technical Services
  • -
  • $22.33 CAD
  • Modified Gross
  • Jun 2021
  • Law Office of Loren Rhoton, P.A.
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Mills Reporting Group Inc. has been in business and serving the entire state of Florida since 1994. Owner Lynda Mills has more than 45 years of personal experience in the court reporting industry. Her staff has more than a century of combined experience. We specialize in the following: Depositions Hearings Court Reporting Arbitrations

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

Since 1991, our team at Rosenkranz Law Firm has tailored legal solutions to the specific needs of our older clients and families by proving them with a comprehensive range of legal services. We practiced elder law before elder law was a generally recognized legal field, and our experience has taught us to be especially sensitive to the problems resulting from a complex and confusing healthcare system. Our experience has also taught us to recognize delicate client situations. We have an extensive understanding of not only the unique legal needs of elderly citizens, but of the requirement for the utmost compassion and discretion while providing advice and guidance.

  • Services
  • -
  • $22.33 CAD
  • Full Service
  • Dec 2013

Tampa began to boom with the arrival of Henry Plant’s railroad in 1884 and his Tampa Bay Hotel (now the cornerstone of the University of Tampa) in 1891. In 1897, pastor Fr. William Tyrrell, S.J. announced that a new church would be built. Ground was broken for our present church on February 16, 1898. The beautiful new structure was dedicated on January 15, 1905, and its name and that of the parish became Sacred Heart. The Jesuits built the church – at a cost of $300,000 – and named it Sacred Heart. Today, the building looks strikingly similar to the original. The Romanesque architecture remains. The exterior is a combination of granite and white marble. Inside, most of the design is just as it was a century ago.

  • Real Estate
  • -
  • -
  • -
  • -

Suites@Madison is downtown Tampa’s short term office space and hourly meeting rooms solution. Whether you need on-demand access to a work space, an affordable private office or your own or just conference room space, Suites@Madison is here to help. Their office space and meeting rooms are tailored to fit the needs of traditional businesses and professions. You won’t find bean-bags and beer taps like other creative co-working and collaborative work space concepts. Greet clients and associates in an inviting, professional atmosphere. Their well-lit space is accented with contemporary designs from a local artist. The common area features a warm reception space and access to coffee and refreshments, for added comfort. Suites@Madison aims to serve as more than just office space rental. They are a community of professionals, providing a collaborative hub to grow and expand your business or network.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Ace Hosts Professional, Scientific, and Technical Services - $22.33 CAD Modified Gross Jun 2021
Law Office of Loren Rhoton, P.A. Professional, Scientific, and Technical Services - - - -
Professional, Scientific, and Technical Services - - - -
Professional, Scientific, and Technical Services - - - -
Services - $22.33 CAD Full Service Dec 2013
Real Estate - - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 3,207 SF
  • Office
  • Full Build-Out
  • Now

Rare ground floor corner suite In the heart of downtown Tampa Corner suite

  • 8th Fl-Ste 807
  • 421 SF
  • Office
  • -
  • Now
  • 8th Fl-Ste 821
  • 1,246 SF
  • Office
  • -
  • Now
  • 9th Fl-Ste 901
  • 4,582 SF
  • Office
  • Full Build-Out
  • Now

This unit can be used as a data center. It comes with a diesel generator, and independent air conditioning.

  • 9th Fl-Ste 906
  • 1,648 SF
  • Office
  • Full Build-Out
  • Now
  • 9th Fl-Ste 917
  • 1,945 SF
  • Office
  • Full Build-Out
  • Now
  • 11th Fl-Ste 1110
  • 2,885 SF
  • Office
  • Full Build-Out
  • Now
  • 11th Fl-Ste 1112
  • 923 SF
  • Office
  • -
  • Now
  • 11th Fl-Ste 1122
  • 1,847 SF
  • Office
  • -
  • Now
  • 12th Fl-Ste 1203
  • 1,430 SF
  • Office
  • -
  • Now
  • 12th Fl - 1218
  • 4,714 SF
  • Industrial
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Floor 3,207 SF Office Full Build-Out Now
8th Fl-Ste 807 421 SF Office - Now
8th Fl-Ste 821 1,246 SF Office - Now
9th Fl-Ste 901 4,582 SF Office Full Build-Out Now
9th Fl-Ste 906 1,648 SF Office Full Build-Out Now
9th Fl-Ste 917 1,945 SF Office Full Build-Out Now
11th Fl-Ste 1110 2,885 SF Office Full Build-Out Now
11th Fl-Ste 1112 923 SF Office - Now
11th Fl-Ste 1122 1,847 SF Office - Now
12th Fl-Ste 1203 1,430 SF Office - Now
12th Fl - 1218 4,714 SF Industrial Full Build-Out Now

1st Floor

Size
3,207 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

8th Fl-Ste 807

Size
421 SF
Space Use
Office
Condition
-
Available
Now

8th Fl-Ste 821

Size
1,246 SF
Space Use
Office
Condition
-
Available
Now

9th Fl-Ste 901

Size
4,582 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

9th Fl-Ste 906

Size
1,648 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

9th Fl-Ste 917

Size
1,945 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

11th Fl-Ste 1110

Size
2,885 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

11th Fl-Ste 1112

Size
923 SF
Space Use
Office
Condition
-
Available
Now

11th Fl-Ste 1122

Size
1,847 SF
Space Use
Office
Condition
-
Available
Now

12th Fl-Ste 1203

Size
1,430 SF
Space Use
Office
Condition
-
Available
Now

12th Fl - 1218

Size
4,714 SF
Space Use
Industrial
Condition
Full Build-Out
Available
Now

1st Floor

Size 3,207 SF
Space Use Office
Condition Full Build-Out
Available Now

Rare ground floor corner suite In the heart of downtown Tampa Corner suite

9th Fl-Ste 901

Size 4,582 SF
Space Use Office
Condition Full Build-Out
Available Now

This unit can be used as a data center. It comes with a diesel generator, and independent air conditioning.

Walk Score®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
A-24-29-18-4ZI-000056-00001.0
Land Assessment
$3,875,842 CAD
Improvements Assessment
$9,647,852 CAD
Total Assessment
$13,523,694 CAD
  • Listing ID: 34377680

  • Date on Market: 2025-01-05

  • Last Updated:

  • Address: 412 E Madison St, Tampa, FL 33602

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