6516 N 40th STREET, TAMPA, FL 33610 | MLS# TB8308683 | Mamba Realty

TAMPA, FL 33610 6516 N 40th STREET

Pending
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Presented By: LATITUDE COMMERCIAL REALTY INC. with 813-629-0997. - 813-629-0997
  • MLS# TB8308683
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  • SQFT • 3,816

Home Details

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!
Presented By: LATITUDE COMMERCIAL REALTY INC. with 813-629-0997. - 813-629-0997

Interior Features for 6516 N 40th STREET

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourceappraiser
Air Conditioning Y/NYes
Flooringluxury vinyl

General for 6516 N 40th STREET

Additional Parcels Y/NNo
Building Area Unitssquare feet
Citytampa
Construction Materialsblock
Coolingcentral air, mini-split unit(s)
Countyhillsborough
Directionsstart on hillsborough ave. head west on hillsborough ave toward n 40th st. merge onto i-275 n. take the ramp onto i-275 n. take exit 47. use the right lane to take exit 47 for hillsborough ave.
Flood Zone Codex
Flood Zone Code XY
HOAYes
Legal Descriptionriver grove estates addition lot 49 and n 44 ft of lot 50 block 11 less rd r/w together with the s 36 ft of lot 50 and lot 51 less the s 30 ft and less rd
Levelsone
Living Area Unitssquare feet
Lot Size Square Feet23927
Lot Size Unitssquare feet
MLS Area33610 - tampa / east lake
ModificationTimestamp2024-11-14t20:28:13.583z
New ConstructionNo
Occupancy Typetenant
Percent Ownershipcorporation
Property SubTyperetail
Property Typecommercial sale
Sewerpublic sewer
Standard Statuspending
Statuspending
Subdivision Nameriver grove estates add
Tax Annual Amount6609
Tax Lot49
Tax Year2023
Termscash, conventional
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Waterfront Y/NNo
Year Built1959
Zoningcg

Exterior for 6516 N 40th STREET

Building Area Total5384
Foundation Detailsslab
Lot Size Acres0.55
Lot Size Area23927
Number of Buildings1
Road Frontage Typecity street
Road Surface Typepaved
Water Sourcepublic

Additional Details

Price History

Jehad Bader

Broker
Price $995,000
MLS#TB8308683
Property Type Pending
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