1108 W Kennedy Blvd - Storefront Retail/Office FOR SALE


Tampa, FL 33606- Hyde Park
$1,950,000 USD
813-293-7887
1108 W Kennedy Blvd, Tampa, FL for Sale
$1,950,000 USD
Storefront Retail/Office - FOR SALE
1/2
null | 6.59% Cap Rate

1108 W Kennedy Blvd
Tampa, FL 33606
Hyde Park


HIGHLIGHTS

  • Prime Kennedy Blvd frontage with 35,000 VPD
  • Short-term lease offers immediate repositioning potential
  • Surrounded by Tampa’s most affluent neighborhoods
  • Across from University of Tampa and near Midtown Tampa
  • Projected NOI increase of $50,000 within 18 months

OVERVIEW

1108 W Kennedy Blvd offers a prime investment opportunity in one of Tampa’s most coveted commercial corridors. This 3,213 SF concrete block building sits on a 0.19-acre site along Kennedy Boulevard, a major east-west artery with 35,000 vehicles per day, connecting Downtown Tampa, the University of Tampa, and the Westshore Business District. The property is fully occupied by DC Society Ink under a short-term gross lease with less than 18 months remaining, providing flexibility for an owner-user or investor to capitalize on immediate upside through rent adjustments or repositioning. The current lease is significantly below market, creating a clear path to NOI growth of approximately $50,000 within 18 months. Pro forma projections assume renewal at $40 PSF plus NNN, boosting NOI to $128,520 and delivering a 6.6% cap rate. With strong demographics—192,000 residents within five miles and an average household income of $142,475—the location is surrounded by affluent neighborhoods such as Hyde Park, Palma Ceia, and Davis Islands. Nearby national retailers include Publix, Sprouts, LA Fitness, and Target, ensuring consistent consumer traffic. Positioned across from the University of Tampa and minutes from Midtown Tampa’s billion-dollar mixed-use development, this property benefits from high barriers to entry and sustained demand in a dense, vibrant trade area. Florida’s pro-business climate, including no state income tax, further enhances investment appeal. Whether you seek a strategic owner-user location or a value-add retail investment, 1108 W Kennedy Blvd delivers exceptional visibility, strong fundamentals, and long-term growth potential.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$607 USD /SF

CAP RATE

6.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

CG

APN/PARCEL ID

A-23-29-18-4SU-000006-00013.1

ASK ABOUT THIS PROPERTY

Ryan DerrimanFranklin StreetMore Info
813-293-7887

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Ryan DerrimanFranklin StreetMore Info
813-293-7887

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.