753 Fowler AveTampa, FL 33612

Property Details for 753 Fowler Ave

Year built

2010

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.26 AC

Property size (Sq ft)

4,633 SF

Zone code

CI

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

A132818ZZZ000005350101

APU

A132818ZZZ000005350101

Description

This exceptional Class A retail storefront, totaling 4,404 square feet, presents a unique investment opportunity. Located at the highly visible corner of Fowler Avenue and Nebraska Avenue, this property benefits from immediate proximity to I-275, ensuring easy access and high visibility. The 2,997 square feet of vacant space is ideal for a variety of retail uses, complemented by a strong, long-term adjacent tenant (Boost Mobile). The property boasts impressive traffic counts, with an average annual daily traffic (AADT) of 56,000 vehicles. Its strategic location near the University of South Florida (USF), the University Mall (currently undergoing redevelopment), and the Tampa Innovation District further enhances its appeal. The area is experiencing significant revitalization, with the former Fowler Flea Market behind the building being redeveloped into an IDEA Charter School. The property is zoned CI-Commercial Intensive in Hillsborough County, and the 2020 census data reveals a dense population of 325,209 people within a 5-mile radius. This prime location is surrounded by established businesses, including McDonald's, Waffle House, and several auto parts stores and dealerships. Built in 2010, this single-story building offers a modern and functional space ready for immediate occupancy. This is an unparalleled opportunity to establish a thriving business in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,374,946

  6.5%

  $1,269,180

  7%

  $1,178,525

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,132,234

  Geo Method

  $2,132,234

• Alternative Use

  Use

  Valuation

  Residential

  $1,070,601

  Hospitality

  $980,665

  Educational

  $815,902

  Medical

  $843,962

  Retail

  $1,269,180

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0542

Longitude

-82.4516

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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