Active

6516 N 40TH ST

TAMPA FL, 33610

$995,000


$260.74 per sqft

Active

3,816 sqft

Commercial

Built in 1959

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!

TB8308683

MLS ID

October 1, 2024

Listed

October 3, 2024

Updated

Map

6516 N 40TH ST
TAMPA FL, 33610

Interior Features

Total Stories

1


Floor Description

Luxury Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Mini-Split Unit(s)


Heating

No

Exterior/Building Features

Lot Size

0.55 Acres


Sewer

Public Sewer

Other Property Details

Area Name

33610 - Tampa / East Lake


Taxes

$6,609


Tax Frequency

Annually


Days on Market

1


Garage

No


View

No


County

Hillsborough


Municipality

28


Water Source

Public


Pool

No


Zoning

CG

Listed by A P REAL ESTATE COMPANY
Listing Contact: 813-629-0997 

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Data last updated 10/3/2024, 11:21 PM UTC

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