$900,000

About This Property

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!

infoProperty Details

Property Type

Retail

Year Built

1959

Living Area

3,816 sqft

Lot Size

0.55 acres

Bathrooms

0

Ownership

Corporation

Days on Market

44

List Date

Oct 1, 2024

Sold Date

chairInterior Features

yardExterior & Lot

Listed By

LATITUDE COMMERCIAL REALTY INC.

813-629-0997

mailContact Austin