Florida Commercial Group presents a fantastic 7th Avenue purchase opportunity on the main drag of bustling Ybor City. This property offers limitless opportunities for a new owner seeking value-add real estate with a long-term multi-national anchor tenant.
This purchase will include a 2-story- 7, 114 SF building directly on 7th Avenue, 2 nearby parking lots one block south of the site on 16th Street and 6th & 5th Avenues- a rare find in Ybor City : : A modernized historic building that may be renovated to feature 2nd and 3rd story office/ retail : : Roof top bar or eatery may also be built out for additional income : : Current 7-Eleven tenant is on a 10 year NNN lease, call Broker for additional lease details : : Highest and Best Use: Convenience store with second story residential/ creative space, professional office, retail and or restaurant with balcony/ terrace : : Artists, Professionals or Consultants can do well here as occupying tenants : : Located at the intersection of 7th Avenue and 16th Street : : Minutes from Downtown Tampa, Channel District, Tampa River Walk, Hyde Park, Seminole Heights, Interstate 275, Interstate 4, Selmon Expressway and other major travel arteries : : Property sits 1 block south of the trolley line and is in walking distance of the Centro Ybor Trolley Station (#2) on 8th Avenue : : This area is exploding with brand new Commercial, Retail and Residential growth and is surrounded by countless development and redevelopment projects : : Neighboring businesses include: Hotel Haya, Hampton Inn and Suites, Centro Ybor, Hillsborough Community College, Ybor City Tap House, Truist Bank, Gasworx, Casa Marti, Casa Gomez, Casa Pedroso, Casa Bomberos, Tampa Bay Sun FC practice field and others etc… : : High-energy business and retail district that is frequented by local and regional visitors- a great place to invest, relocate or expand your business. Call today for additional property details.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $5,560,000 | $5,560,000 | $5,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.898% | 6.739% | 6.560% |
Monthly Tax Payment | $1,347 | $1,347 | $1,347 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $34,234 | $35,601 | $48,052 |
Total Monthly Payment | $35,706 | $37,073 | $49,524 |
* 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.