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This Office Property is no longer advertised on LoopNet.com.

502 S Magnolia Ave
Tampa, FL 33606

Office Property For Sale

Investment Highlights

  • Available for Sale - Sale - Hyde Park Medical Building & Land - 2,997 SF Building on a 14,232 SF Lot
  • Zoned RO-1 (Residential Office) - 1.0 FAR - Allows for a potential development based upon existing zoning of up to 14,232 SF of Residential or Office
  • Unique opportunity to design to personal specs as one of the few developable parcels in a prestigious historic district
  • Located in the heart of Hyde Park - One of the most sought after areas in Tampa
  • Ample parking on site (22+ spaces)
  • Detailed Sale Brochure Under Links

Property Facts

Property Type
Office
Property Subtype
Medical
Building Size
2,997 SF
Building Class
C
Year Built
1954
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,997 SF
Building FAR
0.22
Land Acres
0.32 AC
Zoning
RO-1 - Residential Office
Parking
22 Spaces (7.34 Spaces per 1,000 SF Leased)
Opportunity Zone
No
  • Listing ID: 19142325

  • Date Created: 4/7/2020

  • Last Updated:

  • Address: 502 S Magnolia Ave, Tampa, FL

About 502 S Magnolia Ave , Tampa, FL 33606

Sale - Hyde Park Medical Building & Land - 2,997 SF Building on a 14,232 SF Lot - Tampa, FL 33606 This 2,997 SF medical building sits on a rare 14,232 SF buildable corner lot located in the heart of Hyde Park, arguably one of the most sought after areas in Tampa. There is ample parking on site (22+ spaces) meeting the City of Tampa's medical parking requirement of 6 spaces per 1000 SF. The parcel is currently zoned RO-1 (Residential Office) with a 1.0 FAR and, as such, allows for a potential development based upon existing zoning of up to 14,232 SF of Residential or Office use, although parking requirements and overlay requirements may limit the maximum building envelope. The Future Land Use of RES-50 (Residential - 50 Units per acre) offers additional design and development possibilities for multi-family development. Currently, the site would offer a potential multi-family development of up to 13 units (40 du/ acre) without meeting bonus provisions for the 50 du / acre maximum density) assuming development meets the development guidelines and architectural review within the Hyde Park Historic District. The scarcity of office, medical, and residential availability in this high demand market allows this property to offer a unique opportunity to design to personal specs as one of the few developable parcels of land in the protected and prestigious historic district. Located in the S. Hyde Park area of Tampa south of Kennedy Boulevard and the Selmon Expressway, offering easy access to all surrounding areas.

Transportation

airplane iconAirport

Tampa International Airport
16 min drive 7.8 mi
Saint Petersburg-Clearwater International Airport
35 min drive 16.7 mi

PROPERTY TAXES

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