{"id":170262,"date":"2026-02-26T17:03:07","date_gmt":"2026-02-26T17:03:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/170262\/"},"modified":"2026-02-26T17:03:07","modified_gmt":"2026-02-26T17:03:07","slug":"downtown-tampa-student-housing-tower-sells-for-21-8m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/170262\/","title":{"rendered":"Downtown Tampa student housing tower sells for $21.8M"},"content":{"rendered":"

A 12-story student housing tower four blocks from the University of Tampa has sold for $21.8 million, nearly five times its 2017 purchase price.<\/p>\n

The property at 210 and 220 E. Madison St. closed Feb. 11, according to Hillsborough County records. Urban Core Holdings II, LLC sold the building to 220 E Madison LLC.<\/p>\n

County records classify the 48-unit building as student housing. It last traded in August 2017 for $4.6 million.<\/p>\n

Built in 1962, the tower contains about 76,880 square feet of heated space. The sale price equates to roughly $454,000 per unit and about $283 per heated square foot.<\/p>\n

The property operates as fully furnished student housing and markets primarily to University of Tampa students. Leasing materials advertise units for Fall 2026, with two-bedroom floor plans starting at $1,479 per bedroom per month, plus a $179 monthly utilities and amenities package.<\/p>\n

READ: TAMPA BAY BUSINESS NEWS<\/a><\/p>\n

The sale comes as the University of Tampa<\/a> continues to post record enrollment. For the 2025-2026 academic year<\/a>, the university reported total enrollment of 11,500 students, the largest in its history, after receiving more than 43,000 applications for an incoming undergraduate class of 3,400. <\/p>\n

University officials have said many graduates remain in the urban core after completing their degrees, adding to downtown\u2019s residential base.<\/p>\n

The tower sits on a retail-heavy downtown block that includes a CVS, Pita\u2019s Republic and a UPS access point, along with multiple restaurants and service businesses along Madison and Franklin streets.<\/p>\n

Permit filings show renovation and life-safety upgrades in recent years, including work in 2018, 2019 and 2020.<\/p>\n

The buyer is listed as a Florida limited liability company with a mailing address in Berryville, Virginia. Public records do not disclose financing details or future plans for the property.<\/p>\n

The nearly fivefold increase since 2017 illustrates how sharply downtown Tampa property values have risen, particularly for income-producing assets within walking distance of campus and daily retail.<\/p>\n

\"220The 48-unit student housing tower at 210 and 220 E. Madison St., four blocks from the University of Tampa, sold for $21.8 million.<\/p>\n

Stay Informed<\/p>\n

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