3642 Gandy BlvdTampa, FL 33611

Property Details for 3642 Gandy Blvd

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.38 AC

Property size (Sq ft)

12,600 SF

Zone code

CG

Property type

Retail properties

Property subtype

Strip malls

APN

A0930183YM000000000060

APU

A0930183YM000000000060

Description

This exceptional 12,000 square foot retail property, located at 3642 West Gandy Boulevard in Tampa, Florida, presents a compelling investment opportunity. Situated on a 1.39-acre lot in Hillsborough County (zip code 33611), this center boasts a prime location directly across from a Publix, Super Target, and Starbucks, with a Wawa nearby. The property is currently 100% occupied with multiple tenants across four suites, generating a gross annual income of $250,000. The building's design allows for direct access, a significant advantage facilitated by Hillsborough County approved plans. Multiple access points currently exist, enhancing convenience and visibility. This highly desirable location on Gandy Boulevard avoids the challenges of overpass sites, ensuring optimal accessibility for customers. Existing retention systems are in place. The property's strong tenant occupancy and strategic location make it an attractive investment for those seeking a stable, high-return retail asset in a thriving Tampa market. This is a rare opportunity to acquire a well-established, income-producing retail center in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,214,690

  6.5%

  $6,659,714

  7%

  $6,184,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,798,868

  Geo Method

  $5,798,868

• Alternative Use

  Use

  Valuation

  Residential

  $5,617,718

  Hospitality

  $5,145,799

  Educational

  $4,281,244

  Medical

  $4,428,483

  Retail

  $6,659,714

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.8931

Longitude

-82.504

CBSA code

45300

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].