6711-6735 N Armenia Ave - Storefront Retail/Office FOR SALE


Tampa, FL 33604- Oak Grove
$3,129,000 USD
813-951-7796
6711-6735 N Armenia Ave, Tampa, FL for Sale
$3,129,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 5% Cap Rate

6711-6735 N Armenia Ave
Tampa, FL 33604
Oak Grove


HIGHLIGHTS

  • Prime corner location with multiple access points and pylon signage
  • Strong tenant mix with long-standing community presence
  • Four remodeled apartment units for additional income
  • Roof replaced in 2020; no deferred maintenance
  • Dense trade area with 300,000+ residents within five miles

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,129,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

CG

APN/PARCEL ID

A-35-28-18-3GS-B00000-00019.0

ASK ABOUT THIS PROPERTY

Anthony SuarezFranklin StreetMore Info
813-951-7796

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Anthony SuarezFranklin StreetMore Info
813-951-7796

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