6516 N 40th Street, Tampa, FL 33610

$995,000
3,816
SqFt
List Price
$995,000
Status
Active
Days on Market
9
MLS#
TB8308683
Property Style
Retail
Year Built
1959
Living Area
3,816
Lot Size
23,927
Acres
0.55
Total Acreage
1/2 to less than 1
Legal Subdivision Name
River Grove Estates Add
MLS Area Major
Tampa / East Lake

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!

Additional Information

Taxes Annual
$6609
Community Features
No Deed Restriction
Property Description
One Story
Zoning
CG
Floor
Luxury Vinyl
Air Conditioning
Central Air, Mini-Split Unit(s)
Exterior Construction
Block
Foundation
Slab
Pool
No Pool
Flood Zone Code
X
Parcel ID
A-33-28-19-47N-000011-00049.0
Legal Description
RIVER GROVE ESTATES ADDITION LOT 49 AND N 44 FT OF LOT 50 BLOCK 11 LESS RD R/W TOGETHER WITH THE S 36 FT OF LOT 50 AND LOT 51 LESS THE S 30 FT AND LESS RD

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of A P REAL ESTATE COMPANY.

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