$1,250,000
Description
This recently renovated and fully leased 6,797 SF retail strip center is located on a 15,272 SF Commercial Intensive zoned lot with 30 parking spaces and is a stabilized investment ready for a new owner looking for passive income. This opportunity enjoys busy Florida Avenue frontage directly next to one of the more active Home Depot locations in Tampa and this stretch of Florida Avenue has a traffic count in excess of 25,000 VPD. The building is currently demised into 6 separate suites ranging in size from 539 SF to 1712 SF. Current Tenants include: 8605A Florida - 1204 SF - Occupied by mattress store (through January 2029) 8605B Florida - 1003 SF - Occupied by Iglesias Pentacostal (through 2025) 8606 (539 SF) & 8608 (881 SF) Suwanee - Leased to Ashe II Botanica (through 7/31/27) 8610 Suwanee - 1458 SF - Leased to arcade (through 4/30/25) 8612 & 8614 Suwanee - 1712 SF - Leased to auto dealer (through 4/30/27) Lease rates escalate annual and upside potential for increased rates as leases expire or renew. Current Cap Rate: 8.26% Located in Tampa next to N. Florida Avenue and west of I-275, offering easy access to surrounding areas.
Listed by Michael Braccia, PA, .
Property Highlights
- Acres: 0.35
- County: Hillsborough
- Year Built: 1959
- Property Type: Commercial, Retail
- MLS #: T3492077
Property Features
| Interior Square Footage | 6,797 |
| Lot Size Acres | 0.35 |
| Lot Size Square Feet | 15,273 |
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