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!
MLS# | TB8308683 |
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Listing Type | For Sale |
Style | Retail |
Sub-Type | For-sale |
Status | Active |
Year | 1959 |
Days On Site | 5 |
Listing Provided By | A P REAL ESTATE COMPANY | Austin Pennington |
SQ Feet | 3,816 |
---|---|
Story(s) | 1 |
Zoning | CG |
Acreage | 0.55 |
Date | Sales | Avg $ Per SqFt | Min Sale Price | Max Sale Price | Med Sale Price |
---|---|---|---|---|---|
Date: Sep 2024 | Sales: 8 | Avg $ Per SqFt: $86.17 | Min Sale Price: $1,700 | Max Sale Price: $304,000 | Med Sale Price: $31,200 |
Date: Aug 2024 | Sales: 20 | Avg $ Per SqFt: $108.23 | Min Sale Price: $1,600 | Max Sale Price: $350,000 | Med Sale Price: $115,500 |
Date: Jul 2024 | Sales: 35 | Avg $ Per SqFt: $156.35 | Min Sale Price: $1,771 | Max Sale Price: $450,000 | Med Sale Price: $208,000 |
Date: Jun 2024 | Sales: 24 | Avg $ Per SqFt: $150.98 | Min Sale Price: $1,750 | Max Sale Price: $471,990 | Med Sale Price: $249,950 |
Date: May 2024 | Sales: 49 | Avg $ Per SqFt: $162.21 | Min Sale Price: $1,525 | Max Sale Price: $580,000 | Med Sale Price: $240,000 |
Date: Apr 2024 | Sales: 48 | Avg $ Per SqFt: $179.63 | Min Sale Price: $1,528 | Max Sale Price: $710,000 | Med Sale Price: $276,000 |
Date: Mar 2024 | Sales: 29 | Avg $ Per SqFt: $219.84 | Min Sale Price: $1,725 | Max Sale Price: $1,200,000 | Med Sale Price: $276,000 |
Date: Feb 2024 | Sales: 50 | Avg $ Per SqFt: $169.98 | Min Sale Price: $1,350 | Max Sale Price: $529,000 | Med Sale Price: $266,000 |
Date: Jan 2024 | Sales: 45 | Avg $ Per SqFt: $183.81 | Min Sale Price: $1,000 | Max Sale Price: $555,000 | Med Sale Price: $265,000 |
Date: Dec 2023 | Sales: 28 | Avg $ Per SqFt: $181.78 | Min Sale Price: $1,150 | Max Sale Price: $1,177,436 | Med Sale Price: $239,000 |
Date: Nov 2023 | Sales: 23 | Avg $ Per SqFt: $158.89 | Min Sale Price: $1,850 | Max Sale Price: $529,000 | Med Sale Price: $270,000 |
Date: Oct 2023 | Sales: 20 | Avg $ Per SqFt: $141.39 | Min Sale Price: $1,450 | Max Sale Price: $540,000 | Med Sale Price: $217,500 |
Sep 2024 | |
---|---|
Sales: | 8 |
Avg $ Per SqFt: | $86.17 |
Min Sale Price: | $1,700 |
Max Sale Price: | $304,000 |
Med Sale Price: | $31,200 |
Aug 2024 | |
Sales: | 20 |
Avg $ Per SqFt: | $108.23 |
Min Sale Price: | $1,600 |
Max Sale Price: | $350,000 |
Med Sale Price: | $115,500 |
Jul 2024 | |
Sales: | 35 |
Avg $ Per SqFt: | $156.35 |
Min Sale Price: | $1,771 |
Max Sale Price: | $450,000 |
Med Sale Price: | $208,000 |
Jun 2024 | |
Sales: | 24 |
Avg $ Per SqFt: | $150.98 |
Min Sale Price: | $1,750 |
Max Sale Price: | $471,990 |
Med Sale Price: | $249,950 |
May 2024 | |
Sales: | 49 |
Avg $ Per SqFt: | $162.21 |
Min Sale Price: | $1,525 |
Max Sale Price: | $580,000 |
Med Sale Price: | $240,000 |
Apr 2024 | |
Sales: | 48 |
Avg $ Per SqFt: | $179.63 |
Min Sale Price: | $1,528 |
Max Sale Price: | $710,000 |
Med Sale Price: | $276,000 |
Mar 2024 | |
Sales: | 29 |
Avg $ Per SqFt: | $219.84 |
Min Sale Price: | $1,725 |
Max Sale Price: | $1,200,000 |
Med Sale Price: | $276,000 |
Feb 2024 | |
Sales: | 50 |
Avg $ Per SqFt: | $169.98 |
Min Sale Price: | $1,350 |
Max Sale Price: | $529,000 |
Med Sale Price: | $266,000 |
Jan 2024 | |
Sales: | 45 |
Avg $ Per SqFt: | $183.81 |
Min Sale Price: | $1,000 |
Max Sale Price: | $555,000 |
Med Sale Price: | $265,000 |
Dec 2023 | |
Sales: | 28 |
Avg $ Per SqFt: | $181.78 |
Min Sale Price: | $1,150 |
Max Sale Price: | $1,177,436 |
Med Sale Price: | $239,000 |
Nov 2023 | |
Sales: | 23 |
Avg $ Per SqFt: | $158.89 |
Min Sale Price: | $1,850 |
Max Sale Price: | $529,000 |
Med Sale Price: | $270,000 |
Oct 2023 | |
Sales: | 20 |
Avg $ Per SqFt: | $141.39 |
Min Sale Price: | $1,450 |
Max Sale Price: | $540,000 |
Med Sale Price: | $217,500 |
Attachments | |
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Loading |
State | FL |
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County | Hillsborough |
City | TAMPA |
Zip Code | 33610 |
Area | 33610 Tampa | East Lake |
Community Name | RIVER 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 |
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Listings courtesy of RealTracs MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 7, 2024 at 12:46:34 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.
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