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One or more photo(s) has been virtually staged. Positioned in the heart of Tampa Heights, 402 E 7th Ave presents a rare opportunity to own a distinctive professional office property with both immediate functionality and long-term redevelopment potential. Currently operating as law offices, this architecturally impressive property offers strong professional presence, flexible layout options, and exceptional accessibility within one of Tampa’s fastest-growing urban cores
The property welcomes clients and guests through an elegant front entry or directly from the rear parking area, leading into a dramatic central rotunda that serves as the focal point of the building and provides seamless flow throughout the space. Soaring 11-foot ceilings enhance the front entry, center rotunda, conference rooms, and both spacious reception or bullpen-style office areas, creating an elevated and professional atmosphere throughout the primary gathering spaces. The private offices feature comfortable 9-foot ceilings for a more refined executive setting.
The thoughtfully designed floorplan is divided into two functional office wings by the central rotunda. The left wing includes five private offices and a private bathroom, while the right wing offers three private offices and an additional bathroom, providing flexibility for a variety of professional, medical, creative, or executive office uses. The rotunda area also includes two additional bathrooms and connects to a convenient break room with kitchenette positioned between the main office space and attached three-car garage. In total, the property features four bathrooms.
The air-conditioned interior space totals approximately 3, 615 square feet, while the wraparound porch and attached three-car garage increase the total under-roof footprint to approximately 5, 113 square feet. The garage also features a full stand-up, decked attic offering substantial additional storage capacity.
Situated on a substantial 17, 360-square-foot lot, the property also offers compelling future redevelopment potential. The parcel mirrors the size and configuration of the adjacent site that was successfully developed into nine luxury townhomes, making this an exceptional opportunity for investors, developers, or owner-users seeking both current utility and future land value upside.
Located just minutes from Downtown Tampa, Ybor City, Armature Works, the Riverwalk, and the multi-billion-dollar Gas Worx redevelopment transforming the surrounding corridor, this is a unique opportunity to secure a landmark-style office property in one of Tampa’s most desirable urban growth areas.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,490,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,992,000 | $1,992,000 | $1,992,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.086% | 6.183% |
| Monthly Tax Payment | $1,572 | $1,572 | $1,572 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,625 | $11,943 | $16,810 |
| Total Monthly Payment | $13,322 | $13,640 | $18,507 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.