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
-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.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 1828263FC000000001430A

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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


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