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1120 E Kennedy Blvd - Office Condo at Grand Central Office West 1,926 SF Office Condo Unit Offered at $580,000 in Tampa, FL 33602
Investment Highlights
- Located in the heart of Tampa’s trendy Channel District
- 24 hours- Secure covered parking and on-site concierge
- Building is well-maintained and in excellent condition
- Second-floor office condo with strong natural light
Executive Summary
Grand Central at Kennedy is a premier mixed-use development in the heart of Tampa’s Channel District. The property features Class A office condominiums, residential units, and ground-floor retail in a highly walkable urban location. The building offers secure covered garage parking, on-site concierge, and convenient access to restaurants, shops, Amalie Arena, Sparkman Wharf, the Riverwalk, and downtown Tampa. Unit 231 is a second-floor professional office condo of approximately 1,927 SF, currently leased with a long-term tenant in place since 2021. This is an excellent opportunity for an investor seeking a well-located, income-producing office condo in one of Tampa’s strongest mixed-use districts.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 10 |
| Cap Rate | 7.24% | Sale Conditions | 1031 Exchange |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| No. Parking Spaces | 10 |
| Sale Conditions | 1031 Exchange |
Description
Professional second-floor office condo in Tampa’s Channel District, offered with a tenant currently in place. Ideal for an investor seeking immediate income or an owner-user who wants flexibility.
Current Layout
Two conference rooms
Two private offices
One closed office
Open area configured with approximately 8 comfortable cubicles
Reception area and kitchenette
Total size ±1,927 SF. The unit features strong natural light, 10 dedicated parking spaces, and is located in Grand Central at Kennedy with easy access to restaurants, retail, Amalie Arena, and the Riverwalk.
Lease includes a minimum one-year term remaining. Early termination is available for owner-occupants and is negotiable.
Current Layout
Two conference rooms
Two private offices
One closed office
Open area configured with approximately 8 comfortable cubicles
Reception area and kitchenette
Total size ±1,927 SF. The unit features strong natural light, 10 dedicated parking spaces, and is located in Grand Central at Kennedy with easy access to restaurants, retail, Amalie Arena, and the Riverwalk.
Lease includes a minimum one-year term remaining. Early termination is available for owner-occupants and is negotiable.
Sale Notes
Sale Notes
Tenant currently in place and has occupied the unit since 2021
Minimum one-year lease remaining
Immediate income for investors
Second-floor professional office condo – ±1,927 SF
Layout includes two conference rooms, two private offices, one closed office, open cubicle area (approx. 8 stations), reception, and kitchenette
10 dedicated parking spaces
Strong natural light
Located in Grand Central at Kennedy, Channel District
Walkable to restaurants, retail, Amalie Arena, Sparkman Wharf, and the Riverwalk
Secure garage parking and on-site concierge
Ideal for investors seeking a leased office condo
Tenant currently in place and has occupied the unit since 2021
Minimum one-year lease remaining
Immediate income for investors
Second-floor professional office condo – ±1,927 SF
Layout includes two conference rooms, two private offices, one closed office, open cubicle area (approx. 8 stations), reception, and kitchenette
10 dedicated parking spaces
Strong natural light
Located in Grand Central at Kennedy, Channel District
Walkable to restaurants, retail, Amalie Arena, Sparkman Wharf, and the Riverwalk
Secure garage parking and on-site concierge
Ideal for investors seeking a leased office condo
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 231 | 1,926 SF | Office | $580,000 ($301.14/SF) | $41,988 |
Unit 231
| Unit Size |
| 1,926 SF |
| Condo Use |
| Office |
| Price |
| $580,000 ($301.14/SF) |
| NOI |
| $41,988 |
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Unit 231
| Unit Size | 1,926 SF |
| Condo Use | Office |
| Price | $580,000 ($301.14/SF) |
| NOI | $41,988 |
| Sale Type | Investment |
| Cap Rate | 7.24% |
| No. Parking Spaces | 10 |
| Sale Conditions | 1031 Exchange |
| Description | |
|
Professional second-floor office condo in Tampa’s Channel District, offered with a tenant currently in place. Ideal for an investor seeking immediate income or an owner-user who wants flexibility. Current Layout Two conference rooms Two private offices One closed office Open area configured with approximately 8 comfortable cubicles Reception area and kitchenette Total size ±1,927 SF. The unit features strong natural light, 10 dedicated parking spaces, and is located in Grand Central at Kennedy with easy access to restaurants, retail, Amalie Arena, and the Riverwalk. Lease includes a minimum one-year term remaining. Early termination is available for owner-occupants and is negotiable. |
|
| Sale Notes | |
|
Sale Notes Tenant currently in place and has occupied the unit since 2021 Minimum one-year lease remaining Immediate income for investors Second-floor professional office condo – ±1,927 SF Layout includes two conference rooms, two private offices, one closed office, open cubicle area (approx. 8 stations), reception, and kitchenette 10 dedicated parking spaces Strong natural light Located in Grand Central at Kennedy, Channel District Walkable to restaurants, retail, Amalie Arena, Sparkman Wharf, and the Riverwalk Secure garage parking and on-site concierge Ideal for investors seeking a leased office condo |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- 24 Hour Access
- Bus Line
- Courtyard
- Security System
- Air Conditioning
- On-Site Security Staff
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
