3546 40Th StTampa, FL 33605

Property Details for 3546 40Th St

Year built

1963

Construction

STEEL FRAME

Lot size

0.36 AC

Property size (Sq ft)

4,028 SF

Zone code

IG

Property type

Other commercial real estate

Property subtype

Showrooms

APN

A0929194O00000B1000012

APU

A0929194O00000B1000012

Description

This exceptional investment opportunity presents two side-by-side industrial warehouse properties located at 3546 and 3550 N 40th St, Tampa, FL 33605, in Hillsborough County. The combined property offers a substantial 5,855 square feet of space, currently occupied by month-to-month tenants, providing immediate cash flow. Priced at $2,000,000, this represents a compelling price per square foot of $341.59. The sale is structured as a 1031 exchange, offering significant tax advantages for qualified investors. This prime Tampa location boasts excellent visibility and accessibility, making it ideal for a variety of commercial uses. The properties are being sold together as a package deal. The gross lease structure simplifies management and maximizes return on investment. This multi-tenant setup offers diversification and potential for future rent increases. The strategic location within a thriving business community ensures strong tenant demand and long-term value appreciation. Don't miss this chance to acquire a high-yield, multi-tenant industrial property in a rapidly growing market. This is a rare opportunity to own a significant piece of Tampa's commercial landscape. The properties are situated in a high-traffic area, ensuring maximum exposure for any business operating within. This is a turnkey investment ready for immediate income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $1,222,444

  6.5%

  $1,128,410

  7%

  $1,047,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,853,797

  Geo Method

  $1,853,797

• Alternative Use

  Use

  Valuation

  Residential

  $951,856

  Hospitality

  $871,895

  Educational

  $725,406

  Medical

  $750,354

  Retail

  $1,128,410

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9772

Longitude

-82.4145

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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