Office•Administrative•For Sale

Historic Santaella Cigar Factory

1906 North Armenia Avenue, Tampa, Florida 33607

Sale Price $3,200,000 ($55.30 /SqFt)
Sale Type Owner User
Bldg Type Multi-Tenant
Class C
Status Existing
Year Built 1904
Stories 3
RBA 57,871 SqFt
Market Tampa/St. Petersburg
Sub-Market Northwest Tampa
This beautiful historic West Tampa Cigar Factory is a truly unique opportunity. The four story, 57,871 square foot structure sits on a 1.74 acre lot which borders three streets and is currently home to Ellis Van Pelt Office Furniture and The Santaella Studios for the Arts. This beautiful property has a rich history and was originally built for The Santaella Cigar Company in 1904, which produced fine cigars for notables such as Winston Churchill and Babe Ruth. Eventually, the property was purchased and re-purposed by Tropical Garments. The top two floors and rear addition house a host of local artists and professionals and brings in a gross income of approximately $168,000 annually with tremendous upside potential. The bottom two floors are utilized as warehouse and office space by the current owner who operates an office furniture supply company. The basement has direct exterior grade level access, windows and groundwater pumps and is dry and usable. The main floor is spacious and open with high ceilings and beautiful exposed brick and original hardwood floors. Currently, all floors are accessible by staircase, though there is a freight only elevator which could be upgraded to a personnel lift. The building is also equipped with an active fire sprinkler system. This opportunity is perfect for a buyer who wishes to finish out the current owner's space as their own while enjoying the income from the upper floors though the short term lease structure of the upper floor tenants and also offers the ability to do a large scale redevelopment and own a rare historical gem, which is a hallmark of Tampa's rich cultural history. Located in the heavily-traveled area of South Tampa north of I-275, east of Dale Mabry Highway and south of Columbus Drive.
2/13/2018 12:00:00 AM 2/13/2018 8:38:01 PM

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