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.