New Listing
$995,000
( $184.81Per Sq Foot )
 $5,341 est/mo Sourced by Back At You

6516 N 40th St , TAMPA, FL 33610

TAMPA, FL 33610

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Description

Discover an unparalleled investment opportunity in the heart of Tampa with this stabilized neighborhood retail center, boasting an impressive cap rate of 9+ cap rate. This meticulously maintained property features a spacious 5,384 square foot building, divided into five retail suites, each individually metered and sub-metered for optimal efficiency. Recently renovated in 2023, the center showcases modern finishes and a vibrant atmosphere, making it an appealing destination for local shoppers. With zoning designated for CG retail use, the property offers flexibility for a variety of businesses, ensuring continued tenant satisfaction and retention. The center is fully occupied under a triple net lease, providing a reliable income stream with minimal management responsibilities. In addition to the retail spaces, the property features an outdoor billboard, offering an additional revenue source and heightened visibility for tenants. Situated in a thriving neighborhood with strong foot traffic and a growing demographic, this retail center is not just a purchaseit's an investment in the future. Don't miss out on this exceptional opportunity to acquire a prime piece of Tampa real estate that combines solid returns with growth potential. Contact us today for more details!

Details

MLS#TB8308683
Listing TypeFor Sale
StyleRetail
Sub-TypeFor-sale
StatusActive
Year1959
Days On Site5
Listing Provided ByA P REAL ESTATE COMPANY | Austin Pennington

Features

SQ Feet3,816
Story(s)1
ZoningCG
Acreage0.55

Market Activity 33610

 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 7, 2024 at 1:16:30 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountyHillsborough
CityTAMPA
Zip Code33610
Area33610 Tampa | East Lake
Community NameRIVER GROVE ESTATES ADD
Listing VS Median (in RIVER GROVE ESTATES ADD)
Price:
$995,000
low | high
Med:
$465,000
100% of Average
SqFt:
3,816
low | high
Med:
1,899
100% of Average
$ / SqFt:
$261
low | high
Med:
$245
56.089690156946% of Average
On Site:
5
low | high
Med:
72.000000
6.944444444444% of Average
Sourced by Back At You
Listing Updated: October 2, 2024 at 5:50:19 PM PDT