7102 Armenia AveTampa, FL 33604

  • Healthcare properties
  • 1,832 SF
For Sale
$895,000 View listing

Property Details for 7102 Armenia Ave

Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.21 AC
Property size (Sq ft)
1,832 SF
Zone code
CG
Property type
Healthcare properties
Property subtype
Medical offices
APN
A2728183G8E00000000140
APU
A2728183G8E00000000140

Description

This exceptional Tampa commercial property, located at 7102 N Armenia Ave, offers 1,832 square feet of mixed-use space on a 0.2-acre lot. Built in 1956 and renovated in 2023-2024, this free-and-clear, single-story building features solid concrete block construction, central HVAC, and 7 parking spaces. The property boasts 1,800 square feet of air rights and is zoned for commercial use, permitting a wide range of businesses including medical, professional, office, retail, athletic, event, and educational uses. Its prime location in Tampa, near major roadways (I-275, Veterans Expressway) and hospitals (AdventHealth Carrollwood, St. Joseph's), ensures high visibility and accessibility. Previously used as a veterinary hospital and daycare, this versatile space is ideal for restaurants, daycares, beauty salons, or office spaces. The asking price is $895,000, translating to $488.54 per square foot. This owner-user investment opportunity presents a strong return on investment in a thriving Tampa neighborhood with high residential and commercial density. The property's proximity to Tampa International Airport (17 minutes) further enhances its appeal. This is a rare chance to acquire a well-maintained, versatile commercial building in a highly desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $369,855
    6.5%
    $341,404
    7%
    $317,018
  • Comparable approach

    Method
    Valuation
    Relative Method
    $334,578
    Geo Method
    $334,578
  • Alternative Use

    Use
    Valuation
    Residential
    $423,342
    Hospitality
    $387,779
    Educational
    $322,627
    Medical
    $333,723
    Retail
    $501,865
7102 Armenia Ave, Tampa, Florida

Location Insight

City
Tampa
County
Hillsborough
State
Florida
Latitude
28.0127
Longitude
-82.4851
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,474
$102,381
$116,619
$219,000
-
$102,381
$116,619
$219,000

FAQs

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