Pending

6516 N 40TH ST

TAMPA FL, 33610

$995,000


$260.74 per sqft

Pending

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

November 22, 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

44


Association Fee Frequency

Monthly


Garage

No


View

No


County

Hillsborough


Municipality

28


Water Source

Public


Pool

No


Zoning

CG

Listing History

Date

Event

Price

11/14/2024

Pending

Listed by LATITUDE COMMERCIAL REALTY INC.
Listing Contact: 813-629-0997 

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Austin Marks participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

©2024 Stellar MLS. All rights reserved. 

Data last updated 11/22/2024, 8:02 AM UTC

Powered byLuxury Presence