Multifamily Housing
220 East Madison Street Tampa, FL 33602
Details & Description
Contact for Price
    Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire 220 Madison in Downtown Tampa. 220 Madison offers an investor the unique opportunity to acquire a 136-bed/48-unit mixed-use tower with three ground-floor retail tenants consisting of Downtown’s only CVS, Subway and Pita Republic. As one of the few residential rental properties truly located within the core of Downtown Tampa, 220 Madison offers residents unparalleled lifestyle, walkability, and proximity to an abundance of nearby amenities. Fully redeveloped and historically designated in 2019, 220 Madison will provide investors with above market returns when compared to other core-Tampa offerings, while also providing strong upside as the University of Tampa recently announced they will have a significant housing shortage come August 2021 due to a surge in admissions, which should lead to substantial rent growth moving forward. Furthermore, 220 Madison offers the ability to realize value appreciation by being immersed within $5 Billion+ in current and future development.
    Property ID:    275593
    Property URL: melqr.com/275593
    Generated:    03-18-25
    Property Highlights
    • In-Place Average Effective Rents are up to 45 Below the Average of All Surrounding Rent Comparables
    • Ability to Increase Net Operating Income by 18 Within the First Twelve-Months Following Acquisition
    Listing Agents
    Matthew Prozzillo

    O: 407-557-3888
    matthew.prozzillo@marcusmillichap.com
    Benjamin Skinner
    Marcus & Millichap
    O: 407-557-3889
    benjamin.skinner@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Florida / Tampa / 33602 / 220 East Madison Street

    220 East Madison Street

    Tampa, FL 33602

    Listing ID: 275593
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    • 220 East Madison Street Tampa, FL 33602 | for Sale | Photo 1
    • 220 East Madison Street Tampa, FL 33602 | for Sale | Photo 2
    220 East Madison Street | for Sale | Thumbnail 1
    220 East Madison Street | for Sale | Thumbnail 2
    Building Size: 61,762 SF
    Lot Size: 0.800 AC
    Land Size: 34,848 SF
    Building $/SF: --
    Land $/SF: --
    Price
    Contact for Price
    Property Highlights
    The Only Residential Structure Located Directly on Downtown Tampas Restaurant Row
    Former Office Tower Entirely Redeveloped Into a Mixed-Use Luxury Student Housing Property in 2019
    In-Place Average Effective Rents are up to 45 Below the Average of All Surrounding Rent Comparables
    Ability to Increase Net Operating Income by 18 Within the First Twelve-Months Following Acquisition
    Description

    Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire 220 Madison in Downtown Tampa. 220 Madison offers an investor the unique opportunity to acquire a 136-bed/48-unit mixed-use tower with three ground-floor retail tenants consisting of Downtown’s only CVS, Subway and Pita Republic. As one of the few residential rental properties truly located within the core of Downtown Tampa, 220 Madison offers residents unparalleled lifestyle, walkability, and proximity to an abundance of nearby amenities. Fully redeveloped and historically designated in 2019, 220 Madison will provide investors with above market returns when compared to other core-Tampa offerings, while also providing strong upside as the University of Tampa recently announced they will have a significant housing shortage come August 2021 due to a surge in admissions, which should lead to substantial rent growth moving forward. Furthermore, 220 Madison offers the ability to realize value appreciation by being immersed within $5 Billion+ in current and future development.

    CONTACT AGENT

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Tampa History of Multifamily Housing for Sale

    Tampa Area Market Trends

    Listing Demographics for 220 East Madison Street Tampa, FL 33602

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    Demographics Charts
    Demographics Tables

    Common Questions and Answers

    What is the building size of this Multifamily property in Tampa, FL?
    The size of the building/unit at 220 East Madison Street in Tampa is 61,762 square feet
    How much land does the Tampa, FL property at 220 East Madison Street include?
    220 East Madison Street in Tampa includes 0.800 acres of land
    What is the population within 1 mile of 220 East Madison Street in Tampa?
    The population within 1 mile of 220 East Madison Street Tampa, FL 33602 is 21,952 people.
    Who do I contact for questions about 220 East Madison Street?
    You should contact the listing agent, Matthew Prozzillo, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Closest Commercial Airports

    Airport Distance (mi) Directions
    Tampa International Airport (TPA) 5
    Sarasota Bradenton International Airport (SRQ) 39
    Orlando International Airport (MCO) 78
    Price
    Contact for Price
    Listing Agent
    Matthew Prozzillo - CRE Agent at

    Matthew Prozzillo

    Marcus & Millichap

    VIEW AGENT PROFILE

    CONTACT AGENT

    Listing Co-Agent
    Matthew Prozzillo - CRE Agent at Marcus & Millichap

    Benjamin Skinner

    Independent Agent
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