4319 Armenia AveTampa, FL 33607

Property Details for 4319 Armenia Ave

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.40 AC

Property size (Sq ft)

16,459 SF

Zone code

CG

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

A1129183J6000002000051

APU

A1129183J6000002000051

Description

This freestanding retail building, totaling 15,070 square feet, is situated on a 1.46-acre lot (more or less) in Tampa, Florida. Located at 4319 N Armenia Ave, at the well-lit intersection with W MARTIN LUTHER KING Blvd, this single-tenant property offers exceptional visibility and accessibility. Built in 1997, the building is a single-story structure, ideal for a variety of retail uses, previously occupied as a grocery store. Ample parking is available, with a ratio of 75 spaces per 1000 square feet, ensuring convenient customer access. The property is located in Hillsborough County, Florida, zip code 33607. This prime location presents a unique opportunity for businesses seeking high-traffic exposure in a thriving Tampa neighborhood. The building's size and layout offer flexibility for adaptive reuse, catering to a range of retail concepts. The property's existing infrastructure and prominent location make it an attractive investment for businesses seeking immediate occupancy. This is a rare opportunity to acquire a well-positioned, freestanding retail building in a desirable Tampa location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,462,864

  6.5%

  $4,119,566

  7%

  $3,825,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,574,886

  Geo Method

  $7,574,886

• Alternative Use

  Use

  Valuation

  Residential

  $3,475,008

  Hospitality

  $3,183,089

  Educational

  $2,648,293

  Medical

  $2,739,372

  Retail

  $4,119,566

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9809

Longitude

-82.4841

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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