8021 PALM RIVER RD Tampa, FL 33619
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 684 sqft
Price per Sqft $730
Subdivision South Tampa Sub
MLS Listing ID TB8556519
HOA Y/N No
Year Built 1955
Annual Tax Amount $3,144
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 75x200
Property Sub-Type Retail
Source Stellar MLS
Property Description
The existing residence is currently generating approximately $2,500/month, providing immediate cash flow from day one. In addition, the expansive rear portion of the property may contain opportunities to generate approximately $1,500/month in additional lease income, based on comparable outdoor storage/yard uses in the market. Together, the property has the potential to support approximately $4,000/month in combined income while a buyer evaluates longer-term use or redevelopment strategies.
For an owner-user, the site offers the ability to operate a business while benefiting from existing rental income that can help offset occupancy costs. The large rear area provides flexibility for vehicle parking, equipment storage, fleet operations, contractor storage, or other compatible commercial uses. This positioning may be especially attractive to HVAC, plumbing, electrical, landscaping, construction, transportation, and similar service-oriented businesses requiring more outdoor space than a conventional office or retail property provides.
For a buy-and-hold investor, the property offers multiple potential income streams rather than relying solely on a single tenant. The existing residential use provides immediate income, while the rear parcel creates the possibility of a separate ground lease, outdoor-storage arrangement, or commercial yard lease.
The property may also appeal to redevelopers and land-focused investors seeking a CG-zoned infill site along Palm River Road. A future buyer could maintain the current income-producing configuration while evaluating redevelopment, expansion, or repositioning opportunities. The combination of commercial zoning, existing residential use, ample site area, parking capacity, nearby retail and residential density, and convenient access to the surrounding Tampa market creates several possible exit and operating strategies.
Key positioning: immediate income today, additional leasing potential, flexible owner-user functionality, and long-term redevelopment upside in one property.
Location
State FL
County Hillsborough
Community South Tampa Sub
Area 33619 - Tampa / Palm River / Progress Village
Zoning CG
Interior
Cooling Central Air
Flooring Tile
Exterior
View Y/N No
Water Access No
Building
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Vinyl Siding,Frame
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
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