12% CAP OFFICE/RETAIL CENTER INVESTMENT PROP ON N FLORIDA AVE

Shopping Center for Sale
Catylist Listing ID: 29995020
Property Subtypes: Mixed Use, Neighborhood Center, Strip Center, Other
Building Size (RSF): 11,608 SF
Gross Building Area: 14,140 SF
Gross Land Area: 1.40 Acres
Sale Price: $879,000
Unit Price: $75.72 PSF
Property Use Type: Investment
Usable Size (USF): 11,608 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 12.0%
Last Updated: 4/5/2017

Overview / Comments

SOLID 12% CAP RATE WITH 1 SUITE STILL AVAILABLE TO LEASE ON THIS GENEROUSLY PRICED TO SELL INVESTMENT PROPERTY.

Owner Motivated to Sell this Unlimited Potential Property, SEND OFFERS!!!

Price increase is imminent!!!

11,608sf single story strip center on 1.40 acres on N Florida Ave just 1/2 block north of Linebaugh Ave.

Several long term existing tenants with 1 suite still available on this already solid income producing property.

Full Roof Inspection with 2/3rds replaced as of 2/01/17

Approved to add additional stories to 45 feet high if looking to redevelop.

Zoned CI
174 ft direct frontage on N Florida Ave
347 ft deep rectangular lot
66 parking spots

Listing agents direct phone: Heather Hadley 813-956-9808

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: A-13-28-18-3CS-000000-00030.0
Zoning: CI
Retail Clientele: General, Business, Other
Property Located Between: On N. Florida Ave one block North of Linebaugh Ave
Property Visibility: Excellent
Largest Nearby Street: Linebaugh Ave
Feet of Frontage: 174
Highway Access: Close to I-275
Airports: Tampa International Airport and St. Petersburg-Clearwater Airports nearby
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1962
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 66
Zoning Description: CI
Lot Frontage: 174ft
Lot Depth: 347ft


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,944 156,378 349,653
Median Age: 35.9 35.11 35.49
Households: 7,290 64,298 139,848
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