5502 N Cherokee AVENUE, Tampa, FL, 33604 | $499,900

Under contract-accepting backup offers. The wait is over! Rarely does such a fabulous opportunity like this come along and did we mention location, location, location? A beautiful Bungalow restored in 2015 that is also a fantastic office space in Old Seminole Heights with lots of parking! Situated on a 10, 692 sq. ft. lot and zoned within a multi-parceled Planned Development approved for Business and Professional use, this 1245 sq. ft. building is just what you are looking for to call your very own office. Beneath majestic oak trees, visible and accessible directly from I-275, this restored Bungalow has it all. First, let’s get parking out of the way. This building features the ability to park 10+ cars which for an area like Seminole Heights is a true bonus. Marvel at a meticulously landscaped and irrigated yard as you make your way up to the quintessential bungalow porch… a perfect respite from the daily grind where you can relax with a cup of coffee or frosty beverage. Don’t stop there…as you enter the property you will immediately notice the gleaming original heart pine floors, tall ceilings and an abundance of sunlight pouring through original double hung windows. A completely restored wood burning fireplace with new fire box is the perfect center piece within the “Contemplation Lounge”. To the right is the first of three office spaces complete with a spacious closet. Original heart pine floors continue in this 11’ x 12’ space. Further into the building and you arrive at a perfect open concept conference area complete with big screen TV perfect for presentations and meetings. To the right is the adorable and classically restored full bath with tub/shower combination and the 2nd office space (12’ x 14’) boasting another spacious closet. Back through the conference space and you arrive at the office utility complete with a Konica Minolta Bizhub C258 Color laser multi-function printer/copier, sink and coffee area as well as a huge storage closet perfect for your technology hub (CAT6 and fiber optic connections throughout), office supplies and whatever else you need to store. To the rear of the building is the 3rd office that spans 9’ x 26’. This fully air-conditioned room featuring exposed rafters, classic exposed brick wall and beadboard ceiling is surrounded by 13 windows allowing you to gaze upon nature while working. You could also use this space as a relaxation area and deck it out with cozy furniture…it’s your choice. The building’s mechanical attributes (HVAC, electrical and plumbing) were completely updated in 2015 along with a new standing seam metal roof installed over a new self-adhered rubberized membrane and rated for 145 mph winds. Plus, an electric tankless water heater was installed in 2016. Both the crawlspace and attic feature closed/open cell spray foam insulation for maximum energy savings! Outside, you will find a 30amp RV electric hookup as well as sewer and water! This office space is unique and classic and perfect for the discerning small business owner. Located minutes from I-275 that will whisk you downtown or to Tampa International Airport in the blink of an eye and a quick walk (like 1-3 minutes) to the highest volume Starbucks in Florida. You are also just around the corner from famous restaurants and retail establishments that make Seminole Heights the place to be! The current owner also has plans drawn for a 2nd bathroom within the footprint of the building and a detached 1 or 2 story accessory structure in the back.

Features

  • Property Type: Business
  • Construction: Wood Frame
  • Utilities: BB/HS Internet Capable, Electricity Available, Natural Gas Available, Public, Water Connected
  • Garage: 6 to 12 Spaces, Ground Level
  • Heating: Central, Electric
  • Cooling: Central Air
  • Lot Size: 81 x 132
  • Year Built: 1922
  • Approx Sq. Feet: 1,215
  • Acreage: 0.25
  • Est. Taxes: $5,542
  • Lot Desc: Landscaped, Neighbourhood, Sidewalk
  • Appliances: Microwave, Refrigerator
  • MLS#: T3541132
  • Days on Market: 62 days
  • Website: https://www.raveis.com
    /prop/T3541132/5502ncherokeeavenue_tampa_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/13/2024 2:04:37 AM)
Listing courtesy of LPT Realty   Phone: 877-366-2213

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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5502 N Cherokee AVENUE, Tampa, FL, 33604

$499,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $399,920 $399,920 $399,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.412%
Monthly Tax Payment $462 $462 $462
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,728 $2,658 $3,402
Total Monthly Payment $3,265 $3,195 $3,939

* 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.