1301 Waters AveTampa, FL 33604

Property Details for 1301 Waters Ave

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.33 AC

Property size (Sq ft)

3,488 SF

Zone code

CG

Property type

Auto shops

APN

A2328183E9000033000011

APU

A2328183E9000033000011

Description

This exceptional investment opportunity presents a thriving auto repair shop located at 1301 W Waters Ave, Tampa, FL 33604. The property boasts high visibility on a major thoroughfare in Hillsborough County, offering significant potential for continued growth. The building, constructed in 1957, encompasses a total of 3,488 square feet under roof, situated on a 0.34-acre lot (APN: A-23-28-18-3E9-000033-00001.1). The auto repair shop itself occupies 1,560 square feet, priced at $769 per square foot, with an asking price of $1,200,000. The well-maintained facility includes seven service bays, a sales office, two bathrooms, and ample storage space. A fenced perimeter enhances security, and prominent signage ensures excellent visibility. The property is zoned CG, offering flexibility for future development. Owner financing is available, making this an attractive proposition for serious investors. This turnkey operation presents a rare opportunity to acquire a profitable business with significant real estate value in a desirable Tampa location. Don't miss this chance to own a piece of Tampa's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,035,141

  6.5%

  $955,515

  7%

  $887,264

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,605,274

  Geo Method

  $1,605,274

• Alternative Use

  Use

  Valuation

  Residential

  $806,013

  Hospitality

  $738,303

  Educational

  $614,260

  Medical

  $635,385

  Retail

  $955,515

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

28.0256

Longitude

-82.472

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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