1510-1526 E Fowler Ave - Storefront FOR SALE


Tampa, FL 33612- University Square
$8,350,000 USD
727-421-4377
1510-1526 E Fowler Ave, Tampa, FL for Sale
$8,350,000 USD
Storefront - FOR SALE
1/4
null | 6.8% Cap Rate

1510-1526 E Fowler Ave
Tampa, FL 33612
University Square


HIGHLIGHTS

  • 96% occupied center featuring attractive lease terms & recent capital expenditures
  • Over $614,000 in Capital Expenditures in 2025
  • All Tenants have Scheduled Rent Escalations
  • Recent Leasing Momentum with Two New Tenants Joining the Center in 2025 with New Five-Year Terms
  • Long Operating History with Tenants Dating Back to 2003
  • 310± Feet of Frontage on Fowler Avenue | 55,000 VPD

OVERVIEW

Mike Milano, CCIM, and Nick Coccodrilli are pleased to offer for sale Fowler Shopping Plaza, a 27k+ SF strip center along the north side of E Fowler Avenue in Northeast Tampa, just minutes from I-275 to the west, and the University of South Florida to the east. This high-visibility site sees nearly 55,000 vehicles per day, drawing from a dense population base of over 147,000 residents within a 3-mile radius, and an even more impressive 161,500 (approximate) daytime population, making this an exceptionally high traffic location. With access from both E Fowler Avenue and N Elmer Street, the site offers convenient ingress and egress for customers. The property is 96% leased by a lineup of diverse, long-term, and internet-resilient tenants, including Optical Outlets, Del Valle Mexican Restaurant & Grill, and Blue Flame Restaurant (a highly rated local restaurant that has been at the center since 2021). All leases are triple-netand have annual rent increases, both of which enable reliable and consistent income growth. In 2025 alone, the property received over $614,433 in capital improvements including roof repairs, parking lot coating and striping, complete exterior painting, landscaping enhancements, pylon sign repairs, and other upgrades. The redevelopment and transformation of the former University Mall to the RITHM project (see pages 18-19), has resulted in substantial gentrification for the immediate area. The ongoing development and expansion of RITHM will continue to drive energy and activity to this section of E Fowler Avenue. Other nearby properties and attractions include USF, Busch Gardens, and the Yuengling Center. The recent substantial site and building improvements, along with the surrounding area’s continued growth with retail, residential, and institutional investment, will result in Fowler Shopping Plaza being ideally positioned to provide a stable, long-term, and growing cash flow, making this a solid investment opportunity.

FOR SALE DETAILS

PRICE

$8,350,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fowler Shopping Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

108

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

C-G

APN/PARCEL ID

A-07-28-19-ZZZ-000005-56600.0,U-07-28-19-ZZZ-000001-29630.0

ASK ABOUT THIS PROPERTY

Michael MilanoColliersMore Info
727-421-4377

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Michael MilanoColliersMore Info
727-421-4377

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