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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

$2M$2.8M$2.6M
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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

  1. Listing updated with changes from the MLS®
  2. Status changed to Closed

Friends & Family

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Listing courtesy of LATITUDE COMMERCIAL REALTY INC. (813) 629-0997

Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.

Last checked: 2026-11-15 05:43 AM EST

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