2409 2Nd AveTampa, FL 33605

Property Details for 2409 2Nd Ave

Year built

2021

Construction

WOOD

Lot size

2.25 AC

Property size (Sq ft)

47,836 SF

Zone code

YC-6

Property type

High-rise multifamily apartments

APN

A1729194WA000033000010

APU

A1729194WA000033000010

Description

This exceptional retail opportunity is located in the vibrant Ybor City neighborhood of Tampa, Florida, within the brand-new Lector 85 mixed-use development. A total of 1,525 square feet is immediately available, representing a first-generation retail space in this thriving community. Lector 85 boasts 254 on-site multi-family residential units, ensuring a built-in customer base. The property enjoys excellent visibility from Adamo Drive, a major thoroughfare with an impressive 25,500 average annual daily traffic (AADT). The area demonstrates above-average daytime and residential populations, promising strong foot traffic and potential for high sales volume. Convenient parking is provided with 31 surface and 26 covered spaces specifically designated for retail tenants. This location benefits from proximity to established retail anchors such as Ikea and Coppertail Brewing Co., further enhancing its appeal and drawing in a diverse customer base. The building was constructed in 2021, ensuring modern amenities and a contemporary aesthetic. The property is situated in Hillsborough County and is ideal for a restaurant or coffee shop concept seeking a high-traffic, established location within a dynamic mixed-use environment. The maximum contiguous space available within the development is 8,179 square feet, offering potential for expansion or future growth.

• CAP approach

  CAP return

  Valuation

  6%

  $13,718,900

  6.5%

  $12,663,600

  7%

  $11,759,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,221,500

  Geo Method

  $10,221,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $20,505,500

  Retail / Commercial

  $10,482,900

  Mixed-Use / Specialty

  $10,420,100

  Hospitality / Lodging

  $7,611,810

  Office

  $10,331,700

  Institutional / Educational

  $10,823,600

  Multifamily

  $15,328,900

  Automotive / Energy

  $9,277,380

  Parking / Income-Based Land

  $3,226,610

  Restaurant / Food Service

  $5,365,350

  Healthcare / Senior Housing

  $10,711,700

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9564

Longitude

-82.4314

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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