6516 N 40TH STREET TAMPA FL 33610 MLS #TB8308683

6516 N 40TH STREET
TAMPA, FL, 33610
$995,000
Beds
0 Baths
5,384 SqFt
0.55 Acres
Add
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!

Property Details

Price:
$995,000
MLS #:
TB8308683
Status:
Active
Beds:
0
Baths:
0
Address:
6516 N 40TH STREET
Type:
Commercial
Subtype:
Retail
Subdivision:
RIVER GROVE ESTATES ADD
Neighborhood:
33610 – Tampa / East Lake
City:
TAMPA
Listed Date:
Oct 1, 2024
State:
FL
Finished Sq Ft:
5,384
Total Sq Ft:
5,384
ZIP:
33610
Lot Size:
23,927 sqft / 0.55 acres (approx)
Year Built:
1959
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Schools

Interior

Cooling
Central Air, Mini- Split Unit(s)
Flooring
Luxury Vinyl

Exterior

Construction Materials
Block

Financial

Tax Year
2023
Taxes
$6,609

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6516 N 40TH STREET
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