801 E Palm Avenue, Tampa, FL 33602
- $3,500,000
- 2,050
- SqFt
- List Price
- $3,500,000
- Status
- Active
- Days on Market
- 614
- MLS#
- T3318428
- Property Style
- Hotel/Motel
- Year Built
- 1902
- Living Area
- 2,050
- Lot Size
- 16,830
- Acres
- 0.38
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Bonniehurst
- MLS Area Major
- Tampa
Property Description
Presenting for Sale: Palm Villa Hostels, located at 801- 803 E. Palm Avenue and 1905 N. Taliafero Avenue. This is a Rare Investment Opportunity in the Tampa Heights Area of East Tampa. This Asset consists of 3 Historic Buildings offering 13 units that are leased individually and generating weekly and monthly rents. The entire Investment Portfolio is being Sold As- Is. 801 E. Palm Avenue offers 4 bedrooms, 2 baths and is 2,050 HSF. 803 E. Palm Avenue is 1,730 HSF and offers 5 bedrooms and 3 baths. 1905 N. Taliaifero Avenue offers 4 Bedroom and features 2,800 SF. There is onsite parking as well as common Street Parking giving ease of access to the property via Taliafero Avenue. Current Zoning of RM-24 Allows for Residential Mixed-Use up to 24 units or the Property may be converted to Commercial use as Professional Office or Redeveloped into a Small Office Complex or a Co-work Space. Nestled on the edge of Historic Tampa Heights and Historic Ybor City, this Location boasts a corner location surrounded by Restoration and New Development Happening in all Directions- a Terrific Opportunity to Invest in East Tampa! You may keep these three Buildings as current, Hotel/ Motel, upgrade the property for increased monthly income, convert to a greater yielding housing complex (Student Housing, ALF, Air BnB, etc…) or re-develop the site into to Professional Offices. CALL TODAY FOR A VIEWING.
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Additional Information
- Taxes Annual
- $1854
- Location
- Corner Lot, Historic District, City Limits, Neighbourhood, Sidewalk, Special Taxing District, Street Lights, Paved
- Community Features
- No Deed Restriction
- Zoning
- RM-24
- Utilities
- Electricity Available
- Air Conditioning
- Other
- Exterior Construction
- Wood Frame
- Roof
- Shingle
- Foundation
- Crawlspace
- Pool
- No Pool
- Garage Features
- Common, Curb Parking
- Flood Zone Code
- X
- Parcel ID
- A-13-29-18-4XW-000005-00002
- Legal Description
- BONNIEHURST W 1/2 OF LOTS 2 AND 3 BLOCK 5
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Listing courtesy of FLORIDA COMMERCIAL GROUP.
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