Sowell Center

Shopping Center for Sale
Sale Pending/Contingent
Catylist Listing ID: 30040471
Property Subtypes: Mixed Use, Neighborhood Center, Strip Center
Status: Pending/Contingent
Building Size (RSF): 13,584 SF
Gross Building Area: 15,208 SF
Gross Land Area: 31,891 SF
Sale Price: $1,530,000
Unit Price: $112.63 PSF
Ceiling: 11 ft.
Property Use Type: Investment
Building Name: Sowell Center
Usable Size (USF): 13,584 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/31/2017

Overview / Comments

Strategically located facing Fowler Avenue within 1 mile of I-75. Near USF, Florida Hospital, VA, Moffitt Cancer Center, MOSI, close to many hotels, and food establishments. Close to New Tampa, and Brandon via I-75.

Building has a large Marquee signage directly on Fowler, and lighted box signs above each space. Night lighting is directly under the soffit, and parking lot lights. Building is sprinkled, with fire alarm system. Grounds are immaculately kept.

This retail strip center is on an approx. 31,698 SF land area with approx. 234 foot frontage on Fowler Ave. It is close to the North South artery for Western Florida. Directly located on a 6-lane highway providing approx. 70,000 cars a day.

The tenant mix includes established retail and National office tenants. The demographics within a 1 mile radius, shows high demographics with a medium income of $65,000 per year.

This property is 100% filled. The building has been re-painted, new lift station, 2 year old, energy efficient, TPO roof system that includes a 15 year warranty covering the workmanship and material. The parking lot has recently been resurfaced.

With all the improvements that have been completed, and the occupancy at 100%, this provides a great opportunity to an Investor.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: T-11-28-19-1I1-0000K6-00011.0
Zoning: CG
Market Type: Medium
Retail Clientele: General, Family, Business, Recreation
Property Located Between: I-75 and 56th Street
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: I-75
Feet of Frontage: 234
Traffic/Vehicle Count: 70,000
Transportation: Bus, Rail, Highway, Airport, Taxi
Highway Access: I-75, I-4, I-275, Hwy 41 and Hwy 301.
Airports: TIA
Site Description: Site is comprised of 13,584 SF retail/office center with glass frontage. Two rows of front parking. Very well maintained, with entry from side streets on each side of building.
Area Description: Very high end established neighborhoods directly across street and behind center with homes on the river. Near Greco Junior High, and Temple Terrace Charter school. Within 2 miles of USF.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1989
Roof Type: Arched
Construction/Siding: Block
Exterior Description: Well maintained concrete block with stucco. Ground to ceiling glass across entire front of building. Extended soffit with night lighting. Front parking lot and rear of building is well lighted.
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: Front double row parking in front.
Total Parking Spaces: 44
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Interior Description: Mostly showroom space with some office area and storage area.
Zoning Description: CG
Lot Frontage: 233.70
Lot Depth: 135
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Easements Description: 15' water & sewer easement
Land Ownership: Corporate Ownership
Legal Description: Folio# 037276-0000


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,825 89,986 218,415
Median Age: 35.45 31.28 32.72
Households: 6,413 36,855 85,679

Contact

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