The property at 715 Bird Street Tampa has undergone many capital improvements since we have purchased the building including but not limited to fire sprinkler, fire alarm, and HVAC systems. Specifically, the fire sprinkler system is completed in the Basement, 1st Floor, Mezzanine Floor and 2nd Floor. Fire alarm systems have been upgraded and a voice activated alarm system is presently installed to complete the change of use to assembly for the ground floor. HVAC systems in both the ground floor and 2nd floor have been installed. In addition to the capital improvements, the 1st, Mezzanine and 2nd floors are rented with a current rental income of $ 16,100 per month. Several leases have increases of rent and by the end of 2016 the income of the 1st and 2nd floor only will be $ 21,000 per month. Considering additional space for rent on the 3rd and 4th floor with combined 25,000 SF office space, the income will be $ 40,000 per month by the end of 2017. .Present management has undertaken steps to create the TAMPA ART CENTER at 715 E Bird Street, which opens the possibility for public funding and grants. Replacement value of the property is estimated at $ 11.5 million. The location of the property is unique. Only 4 miles to Downtown Tampa, direct on the exit "Bird Street" on I275, across the street from the Casino, and in front of the Surphil Springs Bath.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
