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6711-6735 N Armenia Ave 11,447 SF 90% Leased Retail Building Tampa, FL 33604 $4,325,843 CAD ($377.90 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime corner location with multiple access points and pylon signage
- Four remodeled apartment units for additional income
- Dense trade area with 300,000+ residents within five miles
- Strong tenant mix with long-standing community presence
- Roof replaced in 2020; no deferred maintenance
EXECUTIVE SUMMARY
Shoppes of Armenia presents a rare opportunity to acquire a well-established neighborhood retail center in the heart of Tampa, Florida—one of the fastest-growing metros in the U.S. This 11,523 RSF property sits on a prominent corner lot with over 250 feet of frontage along N Armenia Avenue, delivering exceptional visibility to 24,500 vehicles per day. Constructed of durable concrete block and recently upgraded with a new roof in 2020, the center offers investors peace of mind with no deferred maintenance.
The asset features a dynamic mix of locally owned tenants, many of whom have operated here for more than five years, underscoring strong historical occupancy and community loyalty. With nine ground-floor retail suites and four remodeled apartment units upstairs, the property provides diversified income streams. Current leases are short-term, creating immediate upside through lease renewals at market rates. Florida’s repeal of the commercial rent tax further enhances returns, while seller financing availability adds flexibility for qualified buyers.
Located minutes from major destinations—including Raymond James Stadium, Tampa International Airport, and Midtown Tampa—the property benefits from a dense trade area of over 300,000 residents within five miles and average household incomes approaching $79,000. This is a true value-add investment in a pro-business state with no personal income tax, positioned to capitalize on Tampa’s robust economic growth and redevelopment momentum.
The asset features a dynamic mix of locally owned tenants, many of whom have operated here for more than five years, underscoring strong historical occupancy and community loyalty. With nine ground-floor retail suites and four remodeled apartment units upstairs, the property provides diversified income streams. Current leases are short-term, creating immediate upside through lease renewals at market rates. Florida’s repeal of the commercial rent tax further enhances returns, while seller financing availability adds flexibility for qualified buyers.
Located minutes from major destinations—including Raymond James Stadium, Tampa International Airport, and Midtown Tampa—the property benefits from a dense trade area of over 300,000 residents within five miles and average household incomes approaching $79,000. This is a true value-add investment in a pro-business state with no personal income tax, positioned to capitalize on Tampa’s robust economic growth and redevelopment momentum.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,447 SF
Building Class
C
Year Built
1956
Price
$4,325,843 CAD
Price Per SF
$377.90 CAD
Cap Rate
5%
NOI
$216,296 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.73 AC
Zoning
CG - Commercial General Zone allows Multiple Mixed Uses.
Parking
43 Spaces (3.76 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Property Manager on Site
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
• Signage on Armenia • Restroom • High Visibility
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Retail | - | Dec 2025 |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Dec 2025 |
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,200 SF |
| Space Use | Retail |
| Position | - |
| Available | Dec 2025 |
• Signage on Armenia • Restroom • High Visibility
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | A-35-28-18-3GS-B00000-00019.0 | Improvements Assessment | $1,938,056 CAD |
| Land Assessment | $544,284 CAD | Total Assessment | $2,482,340 CAD |
PROPERTY TAXES
Parcel Number
A-35-28-18-3GS-B00000-00019.0
Land Assessment
$544,284 CAD
Improvements Assessment
$1,938,056 CAD
Total Assessment
$2,482,340 CAD
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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6711-6735 N Armenia Ave
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