6516 N 40TH ST Active Save Request In-Person Tour Request Virtual Tour
Tampa,FL 33610
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 3,816 sqft
Price per Sqft $260
Subdivision River Grove Estates Add
MLS Listing ID TB8308683
HOA Y/N No
Originating Board Stellar MLS
Year Built 1959
Annual Tax Amount $6,609
Lot Size 0.550 Acres
Acres 0.55
Property 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 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!
Location
State FL
County Hillsborough
Community River Grove Estates Add
Zoning CG
Interior
Cooling Central Air,Mini-Split Unit(s)
Flooring Luxury Vinyl
Exterior
Waterfront false
Building
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None