3617 Henderson BlvdTampa, FL 33609

Property Details for 3617 Henderson Blvd

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.48 AC

Property size (Sq ft)

7,707 SF

Zone code

CG

Property type

Retail properties

Property subtype

Strip malls

APN

A2829183QK00001A000010

APU

A2829183QK00001A000010

Description

This 7,245 square foot, single-story retail center, built in 1957 and renovated in 2000, is situated on a 20,720 square foot lot at the intersection of Henderson Boulevard, Swann Avenue, and S. Himes Avenue in South Tampa. The property is classified as Class B and zoned CG - General Commercial (APN: A-28-29-18-3QK-00001A-00001.0, Hillsborough County). Currently, one 1,039 square foot retail unit (Unit B) is available for lease. The center boasts ample parking, providing 35 spaces (a 5/1,000 SF ratio), a significant advantage in this area. The asking rent for Unit B is $3,983 per month (includes base rent and CAM of $8.00/SF), plus applicable sales tax. A tenant improvement allowance may be considered for qualified tenants with long-term leases. The property features multiple tenancies within a strip center/medical building configuration. Interested parties should note that the existing tenant should not be disturbed.

• CAP approach

  CAP return

  Valuation

  6%

  $3,247,278

  6.5%

  $2,997,487

  7%

  $2,783,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,546,974

  Geo Method

  $3,546,974

• Alternative Use

  Use

  Valuation

  Residential

  $2,528,493

  Hospitality

  $2,316,086

  Educational

  $1,926,956

  Medical

  $1,993,227

  Retail

  $2,997,487

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9372

Longitude

-82.5027

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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