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8502 N Armenia Ave
Tampa, FL 33604

$7,665,000 USD

General Retail For Sale  •  33,144 SF

Property Details

  • Property Type General Retail
  • Total Building Size 29,294 SF
  • Lot Size 2.77 AC
  • Building Class B
  • Year Built 1984
  • Tenancy Multiple
  • Zoning CG
35 Transit Score
72 Walk Score

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.

Public Transportation

Commuter RailDriveWalkDistance
Tampa (Silver Star - Amtrak) 13 min - 7.5 mi
AirportDriveWalkDistance
Tampa International 18 min - 8.9 mi
St Pete-Clearwater International 37 min - 20.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 101
Type: Surface
Included in Rent: Yes
Tony Nguyen, CCIM 407-852-8889 TRG Group
Tony Nguyen, CCIM 407-852-8889 TRG Group