SoldRetailSold
6516 N 40th Street
Tampa, FL 33610
$900,000
- 3,816Sq Ft
- $236Per Sq Ft
- 0.55Acres
- 1959Built
- Subdivision
- River Grove Estates Add
- County
- Hillsborough
- MLS®
- TB8308683
Overview
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!
Listing Snapshot
- Price
- $900,000
- Days On Site
- N/A
- Bedrooms
- N/A
- Inside Area (SqFt)
- 3,816 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 0.55 Acres
- Year Built
- 1959
- MLS® Number
- TB8308683
- Status
- Sold
- Property Tax
- $6,609 (2023)
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- Appraiser
Property Details
General Features
8 items
- Acres
- 0.55
- Foundation
- Slab
- Levels
- One
- Property Sub Type
- Retail
- Sewer
- Public Sewer
- SqFt Total
- 5,384
- Water Source
- Public
- Zoning
- CG
Interior Features
1 item
- Cooling
- Central Air, Ductless
Exterior Features
2 items
- Construction Details
- Block
- Road Frontage
- City Street
Community Features
4 items
- MLS Area
- 33610 - Tampa / East Lake
- Township
- 28
- Financing Terms Available
- Cash, Conventional
- Roads
- Paved
Location
6516 N 40th Street, Tampa, FL 33610 · 33610 - Tampa / East Lake
Neighborhood & Commute
ZIP Code 33610
- Median household income
- $48,114
- Income per person
- $22,542
- Households
- 17,811
- Average household size
- 2.69
- Median age
- 33.8
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Status changed to Closed
Friends & Family
Similar Homes
For sale in Tampa, retail, within 20% of this price.
$875,000Retail SoldSold1,386Sqft5127 N FLORIDA AVENUETAMPA, FL 33603SEMINOLE HEIGHTS OF NORTH TAMP Subdivision
$850,000Retail SoldSold4,128Sqft7756 W HILLSBOROUGH AVENUETAMPA, FL 33615UNPLATTED Subdivision
$995,000Retail SoldSold1,760Sqft4229 HENDERSON BOULEVARDTAMPA, FL 33629OVERLOOK ADD Subdivision
$785,000Retail SoldSold608Sqft3113 W BAY TO BAY BOULEVARDTAMPA, FL 33629PALMA CEIA PARK Subdivision










