Homes for sale - 6516 N 40TH ST, Tampa, FL 33610

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Additional details

Keith Francis

keith@roundtablerealty.com +1(904) 874-2066

$ 995,000

Est. payment | -/mo

3,816 SqFt

Save Virtual Tour

$ 995,000

Est. payment | -/mo

Save Virtual Tour

3,816 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Pending

Purchase Type For Sale

Square Footage 3,816 sqft

Price per Sqft $260

Subdivision River Grove Estates Add

MLS Listing ID TB8308683

Construction Status Inspections

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

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

Construction Status Inspections

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by LATITUDE COMMERCIAL REALTY INC.

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 469-7653

admin@roundtablerealty.com

1637 Racetrack Rd, Jacksonville, FL, 32259

6516 N 40TH ST Tampa, FL 33610