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4172-4174 E Hillsborough Ave 3,426 SF Retail Building Tampa, FL 33610 $1,045,544 CAD ($305.18 CAD/SF) 7.01% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully leased 7% Cap Rate!
  • Lot Dimensions: (approx.) 100’ x 210’ x 51’ x 157’ x 51’ x 55’
  • Seller financing available
  • Site Improvements: 1,791 GSF bldg. :: 1,635 GSF
  • Zoned: CI (Commercial Intensive)
  • Highest and best use: Retail storefront, automotive paint, automotive sales, tire shop

EXECUTIVE SUMMARY

Seller financing available! Florida Commercial Group is pleased to present this fully leased acquisition opportunity. This freestanding retail property with a 10-year lease in place is now available for sale. Ideal for a range of businesses, such as retail store, Office, automotive paint, service and body repair, automotive sales, tire shop, mechanic shop, professional services or service-oriented businesses (electrical, plumbing, landscaping, HVAC, solar and roofing). Various businesses can do well here making this an ideal investment location. Currently leased by a towing company; the front 1,791 SF building is quite functional, offering a small office/ reception area, two bays for body work to include a drying station, 12 ft ceilings, the property is fully fenced. The second 1,635 SF building to the rear of the property may be used for a car lot or additional business operations. The front building also includes wall mounted signage that provides excellent visibility and exposure to the thousands of daily commuters traveling along E. Hillsborough Avenue. With tremendous traffic flow and good foot traffic in the area, this property is perfectly positioned to maximize any business potential. Approximately 47,000+/- vehicles pass by this location daily as East Tampa is thriving and growing remarkably! Situated in the heart of several stable residential neighborhoods, this property is enveloped by over 42,989 households housing more than 103,156 residences within three miles. Solid demographics and limited competition within the immediate area make this an ideal location for a wide variety of investors, entrepreneurs and small business owners. The demographics for the area averages household income of $44,346 within a 3-mile radius. The subject site is a short commute to 40th Street, 56th Street, Interstate 4, Busch Blvd, Dr. Martin Luther King Jr. Blvd., Nebraska Avenue and Interstate 275. Downtown Tampa, USF, Temple Terrace, North Tampa and Interstate 75 are also centrally located to this site. Call for additional property details and come invest in growing East Tampa today!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
3,426 SF
Building Class
C
Year Built
1952
Price
$1,045,544 CAD
Price Per SF
$305.18 CAD
Cap Rate
7.01%
NOI
$73,286 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.31 AC
Opportunity Zone
Yes
Zoning
CI - Commercial Intensive
Parking
10 Spaces (2.92 Spaces per 1,000 SF Leased)
Frontage
100’ on East Hillsborough Avenue

AMENITIES

  • Bus Line
  • Fenced Lot
  • Signage
  • Storage Space

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
A-33-28-19-ZZZ-000005-69760.0
Land Assessment
$156,587 CAD
Improvements Assessment
$375,580 CAD
Total Assessment
$532,167 CAD
  • Listing ID: 29904170

  • Date on Market: 2023-10-27

  • Last Updated:

  • Address: 4172-4174 E Hillsborough Ave, Tampa, FL 33610

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