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We are pleased to present this fully leased acquisition opportunity. This freestanding retail property with a 10-year lease in place is now available for sale. Ideal for a range of businesses, such as retail store, Office, automotive paint, service and body repair, automotive sales, tire shop, mechanic shop, professional services or service-oriented businesses (electrical, plumbing, landscaping, HVAC, solar and roofing). Various businesses can do well here making this an ideal investment location. Currently leased by a towing company; the front 1, 791 SF building is quite functional, offering a small office/ reception area, two bays for body work to include a drying station, 12 ft ceilings, the property is fully fenced. The second 1, 635 SF building to the rear of the property may be used for a car lot or additional business operations. The front building also includes wall mounted signage that provides excellent visibility and exposure to the thousands of daily commuters traveling along E. Hillsborough Avenue. With tremendous traffic flow and good foot traffic in the area, this property is perfectly positioned to maximize any business potential. Approximately 47, 000+/- vehicles pass by this location daily as East Tampa is thriving and growing remarkably! Situated in the heart of several stable residential neighborhoods, this property is enveloped by over 42, 989 households housing more than 103, 156 residences within three miles. Solid demographics and limited competition within the immediate area make this an ideal location for a wide variety of investors, entrepreneurs and small business owners. The demographics for the area averages household income of $44, 346 within a 3-mile radius. The subject site is a short commute to 40th Street, 56th Street, Interstate 4, Busch Blvd, Dr. Martin Luther King Jr. Blvd. , Nebraska Avenue and Interstate 275. Downtown Tampa, USF, Temple Terrace, North Tampa and Interstate 75 are also centrally located to this site. Call for additional property details and come invest in growing East Tampa today!
Investment Highlights
Landlord is calling all investors, entrepreneurs, small business owners and enthusiasts!
100% leased
7% Caprate
1, 635 SF building to the rear of the property may be used for a car lot or additional workspace
Front building measures 1, 791 SF
Some Seller financing available
Excellent frontage along E. Hillsborough Avenue
Fantastic visibility
Tremendous signage opportunities
Immediate availability, move-in ready
Highest and best use: Storefront retail, service and body repair, automotive sales, tire shop or mechanic shop
Zoned CI (Commercial Intensive)
(2) Freestanding buildings
Includes small 240 SF office w/ restroom
Onsite storage shed
2 grade level bay doors
Lots of room for equipment and vehicles
Features 12 ft ceiling heights, paint station w/ air filtration, air compressor, lift and ample yard space
Fully metal fenced and gated for security
0. 31 acre lot
Situated in the heart of East Tampa
High traffic corridor (47, 000 VTD)
Flourishing area near thriving commercial commerce, residential neighborhoods, schools, public transportation and major thoroughfares
Located in a qualified HUBZone
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $617 | $617 | $617 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,738 | $3,936 | $5,016 |
Total Monthly Payment | $4,447 | $4,645 | $5,725 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.