7525 Armenia AveTampa, FL 33604

Property Details for 7525 Armenia Ave

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.14 AC

Property size (Sq ft)

2,552 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

A2728183G3A00000000060

APU

A2728183G3A00000000060

Description

This exceptional 2,552-square-foot retail property, situated on North Armenia Avenue in Tampa, Florida, presents a remarkable investment opportunity. Its convenient location near Water Avenue ensures high visibility and accessibility for potential customers. The property sits on a 0.14-acre lot and boasts ample parking, a significant advantage in a busy urban area. Previously used as a spa, the building likely features a tranquil and inviting interior, although its adaptable layout allows for seamless conversion to suit a wide range of businesses. The property includes two restrooms, adding to its functionality and convenience. The building's potential is undeniable, making it an ideal choice for entrepreneurs seeking a well-located and versatile commercial space. Prospective buyers are responsible for independently verifying all property details, including but not limited to room dimensions, room counts, homeowner's association regulations, community rules and restrictions, pet restrictions, deed restrictions, lot size, and flood zone designation. All room sizes provided are estimates. All offers must be submitted on a FAR-BAR As-Is contract, accompanied by pre-approval or proof of funds. This property is priced at $950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $757,363

  6.5%

  $699,104

  7%

  $649,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,174,501

  Geo Method

  $1,174,501

• Alternative Use

  Use

  Valuation

  Residential

  $589,720

  Hospitality

  $540,181

  Educational

  $449,424

  Medical

  $464,880

  Retail

  $699,104

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0172

Longitude

-82.4845

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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