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16013-16021 N Florida Ave
Lutz, FL 33549
Office Property For Sale


Investment Highlights
- 5-unit waterfront office within The Magnolia Center
- Proximity to USF, Moffitt Cancer Center, Carrollwood, New Tampa, and Pasco County growth corridors
- Abundant on-site parking
- Separate utilities, street addresses, and private drive-up entrances for each suite
- Timeless Southern architecture with premium design elements
- Approximately 400 feet of frontage on US-41 with excellent access to I-275 and major North Tampa employment centers
Executive Summary
GREAT OPPORTUNITY FOR OWNER-OCCUPIED OR INVESTOR TO ACQUIRE MULTI-UNIT FREE STANDING EXECUTIVE, WATERFRONT OFFICE BUILDING. Contains five waterfront office suites, each under 2,000 s.f. with separate utilities, street addresses and drive-up private entries. One can be available upon closing for new owner occupancy and the other four are leased, providing immediate income. Staggered personal guaranteed leases with exceptional returns and annual escalators.
The Magnolia Center is a unique four-building, all-lakefront office park distinguished by its timeless Southern architectural design. The buildings showcase premium designer shingles, hand-cast concrete Corinthian columns, herringbone brick walkways, and generous on-site parking, creating a professional and upscale setting that appeals to executive-level tenants.
The property benefits from approximately 400 feet of frontage on US-41 (North Florida Avenue), one of North Tampa’s most heavily traveled corridors, offering exceptional visibility and accessibility. The location provides convenient access to I-275, Carrollwood, the University of South Florida, Moffitt Cancer Center, New Tampa, and the rapidly expanding Pasco County markets, including Lutz, Land O’Lakes, and Wesley Chapel. The site is also within walking distance to Avila, Publix, and a newly developed Starbucks, further enhancing tenant appeal.
The Magnolia Center is a unique four-building, all-lakefront office park distinguished by its timeless Southern architectural design. The buildings showcase premium designer shingles, hand-cast concrete Corinthian columns, herringbone brick walkways, and generous on-site parking, creating a professional and upscale setting that appeals to executive-level tenants.
The property benefits from approximately 400 feet of frontage on US-41 (North Florida Avenue), one of North Tampa’s most heavily traveled corridors, offering exceptional visibility and accessibility. The location provides convenient access to I-275, Carrollwood, the University of South Florida, Moffitt Cancer Center, New Tampa, and the rapidly expanding Pasco County markets, including Lutz, Land O’Lakes, and Wesley Chapel. The site is also within walking distance to Avila, Publix, and a newly developed Starbucks, further enhancing tenant appeal.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,200 SF
Building Class
B
Year Built/Renovated
2000/2014
Price
$2,455,000
Price Per SF
$299.39
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,200 SF
Building FAR
0.86
Lot Size
0.22 AC
Zoning
PD-O - Planned Development
Parking
75 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
Property Taxes
| Parcel Number | U-25-27-18-ZZZ-000000-65440.4 | Improvements Assessment | $1,636,300 |
| Land Assessment | $100 | Total Assessment | $1,636,400 |
Property Taxes
Parcel Number
U-25-27-18-ZZZ-000000-65440.4
Land Assessment
$100
Improvements Assessment
$1,636,300
Total Assessment
$1,636,400
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