1711 Fowler AveTampa, FL 33612

Property Details for 1711 Fowler Ave

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.54 AC

Property size (Sq ft)

4,324 SF

Zone code

CI

Property type

Car washes

APN

A182819A1W000000000080

APU

A182819A1W000000000080

Description

This exceptional investment opportunity presents a fully renovated Mr. Express Car Wash located at 1711 E Fowler Ave, Tampa, FL 33612. The 4,216 square foot facility, situated on a 0.53-acre lot, underwent a complete transformation in 2024, boasting a new tunnel, vacuum system, conveyor, tire shiner, brushes, wraps, and repaved parking. The property benefits from a prime location in a high-traffic retail corridor, with approximately 54,000 vehicles passing daily on Fowler Avenue. Its proximity to the University of South Florida (less than a mile away) and Interstate-275 (also less than a mile away, with 151,500 daily vehicles) ensures consistent customer flow. The strong demographics within a 5-mile radius, exceeding 300,000 residents and projected to grow to over 308,000, further solidify the investment potential. The building, constructed in 1976, is classified as Class B, with a single tenancy and commercial zoning. Financial highlights include an asking price of $3,500,000 ($830.17/sq ft), a current NOI of $227,500 (6.50% cap rate), and a pro-forma NOI of $540,000 (15.43% pro-forma cap rate). This is a turn-key operation situated directly across from the University Square Mall, offering significant upside potential for a savvy investor.

• CAP approach

  CAP return

  Valuation

  6%

  $1,283,243

  6.5%

  $1,184,532

  7%

  $1,099,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,990,024

  Geo Method

  $1,990,024

• Alternative Use

  Use

  Valuation

  Residential

  $999,197

  Hospitality

  $915,259

  Educational

  $761,485

  Medical

  $787,674

  Retail

  $1,184,532

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.054

Longitude

-82.4398

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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