4005 Gandy BlvdTampa, FL 33611

Property Details for 4005 Gandy Blvd

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.96 AC

Property size (Sq ft)

17,189 SF

Zone code

CI

Property type

Retail properties

Property subtype

Strip malls

APN

A0430183WN000000000120

APU

A0430183WN000000000120

Description

This exceptional investment opportunity presents a 16,800 square foot, single-story retail center situated on a 0.96-acre lot at 4005 W Gandy Blvd, Tampa, FL 33611. The property, built in 1974, boasts a prominent location within a densely populated retail corridor, ensuring high visibility and significant foot traffic. The center comprises five individual suites, offering flexibility for a variety of retail tenants. Currently, there are 6,362 square feet of vacant space available, presenting a unique chance to lease to new businesses or expand existing operations. Ample parking is provided with 45 spaces available for customers and employees. The property's strategic location along Gandy Boulevard and the Selmon Expressway guarantees excellent accessibility and exposure to a large customer base. This free-standing retail center is an ideal investment for those seeking a strong foothold in a thriving Tampa market. The property's size, location, and existing infrastructure make it a compelling opportunity for both seasoned investors and newcomers to the commercial real estate market. The potential for increased rental income through leasing the vacant space is substantial, promising a strong return on investment. Don't miss this chance to acquire a well-positioned retail property in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $9,842,325

  6.5%

  $9,085,223

  7%

  $8,436,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,910,852

  Geo Method

  $7,910,852

• Alternative Use

  Use

  Valuation

  Residential

  $7,663,726

  Hospitality

  $7,019,932

  Educational

  $5,840,500

  Medical

  $6,041,364

  Retail

  $9,085,223

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.8941

Longitude

-82.5113

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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