Tampa, FL 33614,Address not disclosed
Tampa, FL 33614,Address not disclosed
Tampa, FL 33614,Address not disclosed
Tampa, FL 33614,Address not disclosed
Tampa, FL 33614,Address not disclosed
Tampa, FL 33614,Address not disclosed
See all 8 photos

$1,160,000

$1,175,000

1.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

7,424 SqFt


SOLD DATE : 03/10/2021

Key Details

Sold Price $1,160,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 7,424 sqft

Price per Sqft $156

Subdivision Rio Vista

MLS Listing ID T3276874

Sold Date 03/10/21

Construction Status Inspections

HOA Y/N No

Year Built 1981

Annual Tax Amount $9,049

Lot Size 0.480 Acres

Acres 0.48

Property Description

Insta Real Estate Solutions is proud to offer for sale a 6,390 sf NNN-leased retail center located on 0.48 acres at the corner of W. Waters Ave. and Marigold Ave. The property is well situated on a highly trafficked stretch of W. Waters Ave., approximately 0.5 miles west of N. Dale Mabry Highway, that experiences a daily traffic volume in excess of 42,500 vehicles per day. The property is 100% occupied by five tenants, four of which are long-standing. NNN leases, slightly below current market rate, are in place for all tenants, with 3.0-5.0% annual escalations. Current ownership has invested heavily in capital improvement and deferred maintenance projects, to include exterior building repaint, updating of electrical, fence replacement/repairs, lift station repair and maintenance, parking lot cleaning and striping, tree removal and extensive pruning, and box/cabinet sign replacements on the building exterior and the W. Waters Ave. pylon sign. The roof was replaced in 2017. Offered for sale at $183.88/sf, as compared to the Northwest Tampa average of $210.00/sf, and the greater Tampa-area average of $196.00/sf. CAP rate is 7.46%. PLEASE DO NOT DISTURB OR CONTACT TENANTS.

Location

State FL

County Hillsborough

Community Rio Vista

Zoning CN

Interior

Cooling Central Air

Exterior

Roof Type Shingle

Building

Lot Description Corner Lot

Story 1

Entry Level One

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Structure Type Block,Stucco,Wood Frame

New Construction false

Construction Status Inspections

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Stellar MLS
Listed by INSTA REAL ESTATE SOLUTIONS
Bought with COLDWELL BANKER REALTY
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