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6516 N 40TH ST Tampa, FL 33610

$900,000
$995,000
9.5%
Est.Price: ?

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

6516 N 40TH ST Tampa, FL 33610
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FL > Tampa > River Grove Estates Add
Tampa, FL 33610,6516 N 40TH ST
$900,000
Est. payment /mo
$995,000
9.5%
Est.Price: ?

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

3,816 SqFt
SOLD DATE : 01/15/2025

Key Details

Sold Price $900,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 3,816 sqft

Price per Sqft $235

Subdivision River Grove Estates Add

MLS Listing ID TB8308683

Sold Date 01/15/25

HOA Y/N No

Year Built 1959

Annual Tax Amount $6,609

Lot Size 0.550 Acres

Acres 0.55

Property Sub-Type Retail

Source Stellar MLS

Property Description

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!

Location

State FL

County Hillsborough

Community River Grove Estates Add

Area 33610 - Tampa / East Lake

Zoning CG

Interior

Cooling Central Air, Ductless

Flooring Luxury Vinyl

Building

Entry Level One

Foundation Slab

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Ben Aicher

Ben Aicher

benaicherrealtor@gmail.com +1(614) 563-2908

Our team is ready to help you sell your home for the highest possible price ASAP


Stellar MLS

© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.

Listed by Austin Pennington LATITUDE COMMERCIAL REALTY INC.
Bought with Christopher Mercer SENSIBLE PROPERTY MANAGMENT

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Ben Aicher

Ben Aicher

+1(614) 563-2908

Realtor | Senior Agent

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LPT Realty

Ben Aicher

+1(614) 563-2908 benaicherrealtor@gmail.com

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