Shopping Strip
60% Occupied Multi-Tenant Retail Center | Tampa, FL
1601 S 22nd St, Tampa, FL 33605
Listing Price: $899,000
Cap Rate
3.52%
Gross SF
4,806
Rentable SF
4,806
Price/Gross SF
$187.06
Lot Size
0.32 acres
Year Built
1959
Investment Overview
Marcus & Millichap is pleased to bring to market a Multi-Tenant Retail Center located in Tampa, FL.
60% Occupied Multi-Tenant Retail Center | Tampa, FL
Investment Highlights
- 59.61% Occupied 4,806-SF Retail Building on +/- 0.32-AC Parcel.
- Occupied by Local Restaurant Tenant on a Short Term Lease and at Below Market Rent
- Located on a Corner Lot with Access and Exposure to 28,000+ VPD.
- Proximity to Port of Tampa, a Significant Economic Engine for Tampa with $17.2B Economic Impact.
- Within 3 Miles to Downtown Tampa and 10 miles to Tampa International Airport.
- City Plans to Invest $15M on Complete Street and Roadway Improvements to Enhance Safety and Multimodal Connectivity, Including the proposed Green ARTery Perimeter Trail | Construction Year 2027.
- Very Strong Demographics: Population Exceeds 206,400 Within 5 Miles and is Projected to Increase by 2027 | Daytime Population of Over 343,900 Within 5 Miles | Average Household Incomes Exceeds $148,900 Within 1 Mile.
Exclusively Listed By
Financing By
Listing Price: $899,000
Cap Rate
3.52%
Gross SF
4,806
Rentable SF
4,806
Price/Gross SF
$187.06
Lot Size
0.32 acres
Year Built
1959
Investment Highlights
- 59.61% Occupied 4,806-SF Retail Building on +/- 0.32-AC Parcel.
- Occupied by Local Restaurant Tenant on a Short Term Lease and at Below Market Rent
- Located on a Corner Lot with Access and Exposure to 28,000+ VPD.
- Proximity to Port of Tampa, a Significant Economic Engine for Tampa with $17.2B Economic Impact.
- Within 3 Miles to Downtown Tampa and 10 miles to Tampa International Airport.
- City Plans to Invest $15M on Complete Street and Roadway Improvements to Enhance Safety and Multimodal Connectivity, Including the proposed Green ARTery Perimeter Trail | Construction Year 2027.
- Very Strong Demographics: Population Exceeds 206,400 Within 5 Miles and is Projected to Increase by 2027 | Daytime Population of Over 343,900 Within 5 Miles | Average Household Incomes Exceeds $148,900 Within 1 Mile.
Investment Overview
Marcus & Millichap is pleased to bring to market a Multi-Tenant Retail Center located in Tampa, FL.
Exclusively Listed By
Financing By
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