Catylist ID:
#30809876
Waters Ave. Investment Building for Sale
Retail-Commercial
for Sale
| Catylist Listing ID: | 30809876 |
| Property Subtypes: | Free-Standing Building, Mixed Use |
| Building Size (RSF): | 2,532 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.16 Acres |
| Sale Price: | $495,000 |
| Unit Price: | $195.50 PSF |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/19/2023 |
Overview / Comments
|
*ASKING PRICE: $495,000 or a 6.66% cap rate on actual income PLEASE DO NOT DISTURB TENANTS. -Freestanding Multi Tenant Retail Building -Located at Lighted Intersection on Waters Ave -Square footage: 2,532 SF -Building Signage -Lot size: 50’ x 145’ (0.16 acre) -Traffic Count: approaching 30,000 AADT w/Waters & Rome Ave. -Construction: Masonry frame/stucco -Three phase power -Wall height: 14 ft -Access points: Multiple concrete driveway aprons -Parking: front and rear striped surface parking -Roll up door: one -Zoning: CG/General Commercial -Future Land Use: Community Mixed Use-35 (2.0 FAR) -Folio #: 101547-0000 -Built: 1946 -Single electric meter paid by tenants -Property Taxes (2021): $6,751 -Location: City of Tampa *This is a two-unit retail center located at a stop lighted intersection on Tampa’s West Water’s Avenue. Traffic counts of both W. Waters Avenue and N Rome Ave are approaching 30,000 per day. There are three curb cuts along both Waters Ave. and Rome Ave. allowing for multiple access points onto the subject site. The building has been well maintained. The two units have separate electric panels allowing for the possibility of adding a second electric meter. The property has a single water meter. The building has an artist’s mural making it a distinguished landmark and easy to find. This property is perfect for an investor looking for some cash flow in an easy to maintain building or with short term leases an excellent opportunity for an owner/occupant that can lease out one side and occupy the other. |
Attachments & Media
Additional Details
| Nearest MSA: | Tampa-St. Petersburg-Clearwater |
| County: | Hillsborough |
| Tax ID/APN: | 1828263FC000000001430A |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 18,468 | 163,849 | 363,797 |
| Median Age: | 39.14 | 36.44 | 35.52 |
| Households: | 7,407 | 64,882 | 143,379 |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither My Florida Commercial Real Estate nor Moody's assume any liability for errors or omissions. |
