Shoppes of Armenia presents a rare opportunity to acquire a well-established neighborhood retail center in the heart of Tampa, Florida—one of the fastest-growing metros in the U.S. This 11,523 RSF property sits on a prominent corner lot with over 250 feet of frontage along N Armenia Avenue, delivering exceptional visibility to 24,500 vehicles per day. Constructed of durable concrete block and recently upgraded with a new roof in 2020, the center offers investors peace of mind with no deferred maintenance.
The asset features a dynamic mix of locally owned tenants, many of whom have operated here for more than five years, underscoring strong historical occupancy and community loyalty. With nine ground-floor retail suites and four remodeled apartment units upstairs, the property provides diversified income streams. Current leases are short-term, creating immediate upside through lease renewals at market rates. Florida’s repeal of the commercial rent tax further enhances returns, while seller financing availability adds flexibility for qualified buyers.
Located minutes from major destinations—including Raymond James Stadium, Tampa International Airport, and Midtown Tampa—the property benefits from a dense trade area of over 300,000 residents within five miles and average household incomes approaching $79,000. This is a true value-add investment in a pro-business state with no personal income tax, positioned to capitalize on Tampa’s robust economic growth and redevelopment momentum.