For Sale
$1,250,000

8610 Suwanee Ave Tampa, FL 33604

High-yield, Home Depot adjacent retail property.

Overview

Added:
Dec 11, 2024
Days on market:
136
This fully leased, 6,797 sq ft Tampa retail strip center presents a compelling investment opportunity. Located on a 15,272 sq ft lot with 30 parking spaces and a Commercial Intensive (CI) zoning designation, the property boasts high visibility on N. Florida Avenue, directly adjacent to a busy Home Depot. Recently renovated in 2023, the single-story building features six separate suites ranging from 539 to 1712 sq ft, currently occupied by a diverse mix of tenants under leases with varying expiration dates. These include a mattress store (through January 2029), a Pentecostal church (through 2025), a botanical shop (through 7/31/27), an arcade (through 4/30/25), and an auto dealer (through 4/30/27). Annual lease escalations provide built-in income growth, and the property's prime location on a high-traffic thoroughfare (over 25,000 vehicles per day) ensures strong tenant demand and future rental rate upside. Built in 1959, the property offers an 8.26% current cap rate, making it an attractive addition to any investment portfolio. The convenient location near I-275 provides easy access to surrounding areas. Asking price is $1,250,000.

Highlights

  • Fully leased 6,797 sq ft Tampa retail strip center.
  • Located on a 15,272 sq ft lot with 30 parking spaces and CI zoning, on high-visibility N. Florida Ave. adjacent to Home Depot.
  • Recently renovated (2023), single-story building with six suites (539-1712 sq ft), diverse tenant mix with varying lease expirations.
  • 8.26% current cap rate, asking price $1,250,000.

Property Details for 8610 Suwanee Ave

Property type
Neighborhood centers, Retail properties
Square Feet
6,797 SF
Class
B
Year Built/Renovated
1959/2023
Stories
1

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.0287478
Longitude
-82.4588807

FAQs

What type of property is this?
Neighborhood center - High-yield, Home Depot adjacent retail property.
Where is the neighborhood center located?
The property is located at 8610 Suwanee Ave Tampa, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully leased 6,797 sq ft Tampa retail strip center.; Located on a 15,272 sq ft lot with 30 parking spaces and CI zoning, on high-visibility N. Florida Ave. adjacent to Home Depot.; Recently renovated (2023), single-story building with six suites (539-1712 sq ft), diverse tenant mix with varying lease expirations.
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8610 Suwanee Ave
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