8610 Suwanee AveTampa, FL 33604

Property Details for 8610 Suwanee Ave

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.35 AC

Property size (Sq ft)

7,961 SF

Zone code

CI

Property type

Strip malls

Property subtype

Neighborhood centers

APN

A2428183EF000006000010

APU

A2428183EF000006000010

Description

This fully leased, 6,797 sq ft Tampa retail strip center presents a compelling investment opportunity. Located on a 15,272 sq ft lot with 30 parking spaces and a Commercial Intensive (CI) zoning designation, the property boasts high visibility on N. Florida Avenue, directly adjacent to a busy Home Depot. Recently renovated in 2023, the single-story building features six separate suites ranging from 539 to 1712 sq ft, currently occupied by a diverse mix of tenants under leases with varying expiration dates. These include a mattress store (through January 2029), a Pentecostal church (through 2025), a botanical shop (through 7/31/27), an arcade (through 4/30/25), and an auto dealer (through 4/30/27). Annual lease escalations provide built-in income growth, and the property's prime location on a high-traffic thoroughfare (over 25,000 vehicles per day) ensures strong tenant demand and future rental rate upside. Built in 1959, the property offers an 8.26% current cap rate, making it an attractive addition to any investment portfolio. The convenient location near I-275 provides easy access to surrounding areas. Asking price is $1,250,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,362,604

  6.5%

  $2,180,865

  7%

  $2,025,089

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,663,872

  Geo Method

  $3,663,872

• Alternative Use

  Use

  Valuation

  Residential

  $1,839,641

  Hospitality

  $1,685,101

  Educational

  $1,401,984

  Medical

  $1,450,201

  Retail

  $2,180,865

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0288

Longitude

-82.4589

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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