500 E Kennedy Blvd - Office FOR SALE


Tampa, FL 33602- City Center Tampa
$9,000,000 USD
813-727-4995
500 E Kennedy Blvd, Tampa, FL for Sale
$9,000,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

500 E Kennedy Blvd
Tampa, FL 33602
City Center Tampa


HIGHLIGHTS

  • Prime Urban Infill Location in a High Growth Sunbelt CBD
  • Rare CBD Owner/User Opportunity
  • Basis-Driven Acquisition w/ Array of Upside Potential
  • Compelling Adaptive Reuse / Conversion Play
  • Flexible CBD-1 Zoning Designation Enables Diverse Use Cases
  • Situated in a Qualified Opportunity Zone

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$225 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Elliott Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,530 SF

ZONING

CBD-1

APN/PARCEL ID

A-24-29-18-4ZI-000066-00003.0

ASK ABOUT THIS PROPERTY

Joe ChickFoundry CommercialMore Info
813-727-4995

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Joe ChickFoundry CommercialMore Info
813-727-4995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.