Map of Property

Pelwood Square

18115 U.S. 41, Lutz, FL 33549

  • For Sale Market to Establish
  • Property Type Office - General Office
  • Property Size 10,000 SF
  • Lot Size 1.1 Acre
  • Parking Spaces Avail. 40
  • Parking Ratio 4.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1987
  • Year Renovated 2025
  • Date Updated Apr 23, 2025
Positioned at 18115 U.S. 41 in Lutz, Florida, this office building offers a prime location within one of the fastest-growing areas in the Tampa Bay region. Lutz is renowned for its robust infrastructure, proximity to key economic hubs, and vibrant local economy, making it an attractive destination for businesses and investors alike.Pelwood Square (the “Property”) is a 10,000 SF single-story two (2) building suburban office complex located in Lutz, Florida, just on the northern edge of Tampa minutes away from Interstate 275 at the Bearss Avenue interchange. The brick exterior buildings were constructed in 1987 and feature an attractive courtyard setting and ample parking, along with a building monument sign providing opportunity for tenant signage. The Property has been excellently maintained with a new roof added in 2022 and a new septic field added in 2025. The Property has enjoyed high-demand tenancy for the duration of its existence, ideally lending itself either to tenants focused only on leasing as well as an user-owner seeking to to partially occupy the property. The Property is current 100% leased to seven (7) tenants, the most recent of which entered into a lease at $25.00 per SF on a modified gross basis, which is still on the lower end of the asking rent range for competing office buildings in the area.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • The current proforma average rent of $20.93 per SF is 20%-plus under market, presenting substantial upside to a buyer.

Contacts

broker
Jon Slater

Lincoln Property Company

Location

Getting Around

  • Walk Score ®

    44/100 Car-Dependent

  • Bike Score ®

    46/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lutz, FL
  • Neighborhood Lutz
  • Zip Code 33549
  • Market Tampa St Petersburg Clearwater

Points of Interest

  • Congo Station (WestBound Only)

    7.14 miles

  • Nairobi

    7.43 miles

  • Amber Limousine

    8.80 miles

  • Lutz Petroleum

    0.13 miles

  • Citgo

    1.36 miles

  • Speedway

    2.00 miles

  • 7-Eleven

    2.11 miles

  • Shell

    2.53 miles

  • Walmart

    3.04 miles

  • Radiant

    3.32 miles

  • Mobil

    3.33 miles

  • Tampa - East Bearss Ave Supercharger

    3.40 miles

  • Tesla Supercharger

    5.29 miles

  • Northdale Plaza Parking

    3.96 miles

  • school grounds parking

    4.56 miles

  • Lot 38C

    5.24 miles

  • Lot 38R

    5.26 miles

  • Lot 38H

    5.27 miles

  • Lot 38T

    5.32 miles

  • Lot 38G

    5.35 miles

  • Lot 38A

    5.37 miles

  • Lots 38B/38F

    5.37 miles

  • Vista Inn & Suites Tampa

    3.30 miles

  • Super 8 Tampa

    4.71 miles

  • Days Inn Tampa/North of Busch Gardens

    4.76 miles

  • SpringHill Suites Tampa North/I-75 Tampa Palms

    5.21 miles

  • Lamplighter Motel

    5.37 miles

  • A-1 Motel

    5.51 miles

  • Rodeway Inn & Suites

    5.64 miles

  • La Quinta Inn & Suites Tampa North I-75

    5.64 miles

  • Howard Johnson Express Inn - Tampa North/Busch Gardens

    5.67 miles

  • Holiday Inn Express & Suites Tampa-I-75 @ Bruce B. Downs

    5.68 miles

  • McDonald's

    0.37 miles

  • Dunkin'

    2.02 miles

  • Wendy's

    2.43 miles

  • Domino's

    2.53 miles

  • Burger King

    2.63 miles

  • Culver's

    3.41 miles

  • Bob Evans

    3.42 miles

  • Village Inn

    3.66 miles

  • Chili's

    3.68 miles

  • Benedetto's Ristorante Italiano

    3.74 miles

  • Lutz Elementary School

    0.78 miles

  • Learning Gate Community School

    1.05 miles

  • Maniscalco Elementary School

    1.15 miles

  • Schwarzkopf Elementary School

    2.67 miles

  • Carrollwood Day School

    3.23 miles

  • Buchanan Middle School

    3.30 miles

  • Lake Magadalene United Methodist Kindergarten

    3.52 miles

  • Gaither High School

    3.54 miles

  • Academy at the Lakes - Lower school

    3.97 miles

  • University of South Florida

    5.86 miles

  • La Petite Academy

    3.90 miles

  • All Kids Academy

    3.95 miles

  • Kids 'R' Kids - Land O' Lakes

    4.50 miles

  • Primrose School at Collier Parkway

    4.56 miles

  • Kidz Gallery

    4.62 miles

  • Creative World School - Oakstead

    5.33 miles

  • Creative Times Academy

    5.37 miles

  • The Learning Experience - Lutz

    5.40 miles

  • Moffitt Child Care Center

    5.72 miles

  • Country Village Pre-School

    6.03 miles

Frequently Asked Questions

How much does Pelwood Square cost?

The sale price for Pelwood Square is available upon request. Contact the listing broker for more information.

What is the total square footage of Pelwood Square?

Pelwood Square totals 10,000 square feet.

When was this property built?

Pelwood Square was built in 1987.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Jon Slater

Lincoln Property Company

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.