The Elliott Building 500 E Kennedy Blvd 40,000 SF Vacant Office Building Tampa, FL 33602 $12,589,830 CAD ($314.75 CAD/SF)

Foundry Commercial’s Investment Advisory Group, as exclusive advisor, is pleased to present The Elliott Building, a boutique 40,000-squarefoot, four-story office building located in the core of Downtown Tampa. Originally designed by M. Leo Elliott, this 1921-vintage, Mediterranean revival-inspired property is currently 100% vacant, offering investors and developers a compelling acquisition opportunity with significant upside potential through lease-up, adaptive reuse, or redevelopment.
Positioned along Kennedy Boulevard, one of the primary east-west corridors connecting Tampa’s central business district, the Property benefits from immediate proximity to Tampa’s most dynamic demand drivers, including the Water Street district, the Channel district, Hillsborough County government centers, and the city’s growing residential and hospitality base. The surrounding area has experienced substantial public and private investment, reinforcing Downtown Tampa’s evolution into a premier “live-work-play-stay ” environment.
The Property is zoned CBD-1 (Central Business District), allowing for a wide range of high-density uses, including multifamily, hotel, office, and mixed-use development. This flexible zoning, combined with the existing structure, creates a unique opportunity to pursue a variety of business plans, including office repositioning, office -to-residential conversion, boutique hospitality, or a full redevelopment strategy.
The convergence of urban infill location dynamics, zoning potential, visibility, and walkability, The Elliott Building is ideally suited for investors or owner-users seeking to capitalize on below-replacement-cost basis and the continued growth of the Tampa urban core. The offering represents a rare chance to control a well-located asset with multiple paths to value creation in one of Florida’s fastest-growing metropolitan areas.