For Sale
$1,250,000

8610 Suwanee AveTampa, FL 33604

High-yield, Home Depot adjacent retail property.

Overview

Added:
Dec 11, 2024
Days on market:
114
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
8610 Suwanee Ave, Tampa, Florida

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8610 Suwanee Ave
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