5614 Manhattan AveTampa, FL 33616

Property Details for 5614 Manhattan Ave

Year built

1963

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.23 AC

Property size (Sq ft)

2,352 SF

Zone code

RS-60

Property type

Grocery and convenience stores

APN

A093018ZZZ000005536200

APU

A093018ZZZ000005536200

Description

This exceptional 2,476 square foot freestanding retail building presents a compelling investment opportunity in the desirable South Tampa market. Situated on a sizable 0.23-acre lot at 5614 S Manhattan Avenue, Tampa, FL, this property boasts a highly visible location and ample parking accommodating 10+ vehicles. The single-story structure features a flexible layout, perfect for a variety of commercial uses. Its CN (Commercial Neighborhood) zoning allows for a diverse range of businesses, including small retail shops, personal service businesses, professional offices, cafes, or convenience stores. The building is well-maintained and benefits from prominent signage opportunities, ensuring high visibility and attracting a substantial customer base. The property's strategic location within a thriving residential community guarantees a consistent flow of potential customers. This is an ideal investment for entrepreneurs seeking to establish a new business or for existing businesses looking to expand their reach in a high-demand area. The asking price is $1,350,000, representing a significant opportunity for strong returns. The property's combination of size, location, zoning, and parking makes it a truly exceptional offering in the competitive Tampa commercial real estate market. Don't miss this chance to acquire a prime retail space in a flourishing neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $1,007,780

  6.5%

  $930,256

  7%

  $863,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $446,728

  Geo Method

  $446,728

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,769,110

  Mixed-Use / Specialty

  $945,117

  Hospitality / Lodging

  $717,068

  Office

  $958,435

  Institutional / Educational

  $989,037

  Residential Income

  $1,157,170

  Multifamily

  $1,287,080

  Automotive / Energy

  $847,746

  Parking / Income-Based Land

  $274,588

  Restaurant / Food Service

  $530,356

  Healthcare / Senior Housing

  $950,560

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.8841

Longitude

-82.5182

CBSA code

45300

CBSA name

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

Property Tax & Assessments

FAQs

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