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5510 N Florida Ave 1,900 SF 100% Leased Retail Building Tampa, FL 33604 $1,140,479 CAD ($600.25 CAD/SF) 10.30% Cap Rate
Investment Highlights
- Real Estate Included: ±2,592 SF retail building situated on ±0.26 acres.
- High Visibility: Strong frontage along North Florida Avenue with excellent exposure to passing traffic.
- Value-Add Potential: Opportunity to improve operations, equipment, branding, marketing, or add complementary services.
- Seminole Heights Location: Positioned in one of Tampa’s most active and recognizable neighborhood corridors.
- Owner-User Opportunity: Ideal for a buyer looking to operate the laundromat while owning the real estate.
- Retail Trade Use: Existing retail/service setup allows for continued laundromat use or potential repositioning.
Executive Summary
5510 North Florida Avenue presents an opportunity to acquire both the underlying real estate and an operating laundromat business in Tampa’s Seminole Heights market. The property is offered at $824,999 and includes a ±2,592 SF retail building on ±0.26 acres.
The laundromat business is currently producing approximately $13,000 in monthly gross sales, offering an immediate operating platform for a hands-on owner-user or investor. With strong street frontage, large storefront exposure, and a dense surrounding customer base, the property is well-positioned for continued laundromat use or other neighborhood retail/service concepts.
This is a strong fit for buyers looking to control their real estate while operating a service business, or investors seeking a value-add retail asset with an existing business component in a growing Tampa submarket.
The laundromat business is currently producing approximately $13,000 in monthly gross sales, offering an immediate operating platform for a hands-on owner-user or investor. With strong street frontage, large storefront exposure, and a dense surrounding customer base, the property is well-positioned for continued laundromat use or other neighborhood retail/service concepts.
This is a strong fit for buyers looking to control their real estate while operating a service business, or investors seeking a value-add retail asset with an existing business component in a growing Tampa submarket.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,900 SF
Building Class
C
Year Built
1996
Price
$1,140,479 CAD
Price Per SF
$600.25 CAD
Cap Rate
10.30%
NOI
$117,504 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.59
Lot Size
0.07 AC
Zoning
SH-CI
Parking
12 Spaces (6.32 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | A-36-28-18-4FX-000037-00002.0 | Improvements Assessment | $700,152 CAD |
| Land Assessment | $138 CAD | Total Assessment | $700,289 CAD |
Property Taxes
Parcel Number
A-36-28-18-4FX-000037-00002.0
Land Assessment
$138 CAD
Improvements Assessment
$700,152 CAD
Total Assessment
$700,289 CAD
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Presented by
Nationwide Realty Solutions LLC
5510 N Florida Ave
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