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 purchase—it’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!
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 purchase—it’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!
Property Details
Price:
$995,000
MLS #:
TB8308683
Status:
Active
Beds:
0
Baths:
0
Address:
6516 N 40TH STREET
Type:
Commercial
Subtype:
Retail
Subdivision:
RIVER GROVE ESTATES ADD
Neighborhood:
33610 – Tampa / East Lake
City:
TAMPA
Listed Date:
Oct 1, 2024
State:
FL
Finished Sq Ft:
5,384
Total Sq Ft:
5,384
ZIP:
33610
Lot Size:
23,927 sqft / 0.55 acres (approx)
Year Built:
1959
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Schools
Interior
Cooling
Central Air, Mini- Split Unit(s)
Flooring
Luxury Vinyl
Exterior
Construction Materials
Block
Financial
Tax Year
2023
Taxes
$6,609
Map
Community
- Address6516 N 40TH STREET TAMPA FL
- SubdivisionRIVER GROVE ESTATES ADD
- CityTAMPA
- CountyHillsborough
- Zip Code33610
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Courtesy of LATITUDE COMMERCIAL REALTY INC.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved. 6516 N 40TH STREET
TAMPA, FL
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