8502 N Armenia Ave - Retail FOR SALE
Tampa, FL 33604 |
8502 N Armenia Ave
Tampa, FL 33604
HIGHLIGHTS
- First Time on the Market in Over 30 Years: Rare opportunity to acquire a well-established property with a strong history of stability and success.
- New TPO Roof Installed in 2019: Durable and energy-efficient roofing system, providing long-term protection and reducing maintenance costs.
- Parking Lot Resurfaced in July 2024: Freshly paved parking area offering ample, well-maintained space for customers and tenants.
- Individually Metered Utilities: Separate electric and water meters for each tenant reduce landlord expenses.
- Value-Add Potential: Below-market rents present a revenue growth opportunity, aiming for a nearly $10M valuation in 3 years.
- Proven Stability: Self-managed for over 30 years with strong tenant retention and consistent full occupancy, requiring minimal marketing.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Evershine Square
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
29294
STORIES
1
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
101
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
097183-0000,A-22-28-18-152-000000-00010.1
