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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.

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

Shopping Strip

60% Occupied Multi-Tenant Retail Center | Tampa, FL

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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