SOUTH TAMPA RETAIL! (SELLER FINANCING!) 2905 W Kennedy Blvd 6,300 SF Retail Building Tampa, FL 33609 $3,750,000 ($595.24/SF)

THIS AMAZING FREE STANDING RETAIL BUILDING SITS DIRECTLY ON W KENNEDY BLVD. IN SOUTH TAMPA. KENNEDY BLVD. IS A MAJOR EAST-WEST ARTERY THAT CONNECTS DOWNOTOWN TAMPA TO THE WESTSHORE BUSINESS DISTRICT AND IS ONE OF THE MOST HEAVILY TRAVLED STREETS IN ALL OF TAMPA. THE PROPERTY SITS JUST MINUTES FROM DALE MABRY HWY AND THE NEW BILLION-DOLLAR MID-TOWN DEVELOPMENT. KENNEDY IS HOME TO MANY NATIONAL RETAILERS AND RUNS PARALLEL TO I-275!
THE BEST PART OF THIS AMAZING INVESTMENT OPPORTUNITY IS THAT THE SELLER IS OFFERING AMAZING SELLER FINANCING TERMS, MAKING THIS INVESTMENT EVEN MORE ENTICING. THE SELLER IS OFFERING 20% DOWN PAYMENT AT CLOSING, AN INITIAL INTEREST RATE OF 4%, WITH A 1% INCREASE IN EACH OF THE FOLLOWING 4 YEARS, INTEREST-ONLY PAYMENTS, AND A 5-YEAR BALLOON. THESE TERMS ARE BETTER THAN ANYTHING A BUYER CAN FIND USING A TRADITIONAL LENDER, AND WITH THE INTERESTONLY NATURE OF THE LOAN, THE BUYER WILL HAVE LOWER MONTHLY PAYMENTS THROUGHOUT THE TERM OF THE LOAN. THIS WILL ALLOW A BUYER TO USE THE MONTHLY SAVINGS TO BUILD OUT THE SPACE FOR THEMSELVES OR FOR A NATIONALLY BRANDED RETAIL OUTFIT!
THIS 7,100 S/F M.O.L. FREESTANDING RETAIL BUILDING IS PERFECT FOR AN OWNER/USER OR FOR A LONG-TERM LEASE WITH A NATIONAL TENANT. THE SITE HAS MANY USES, AS IT WAS HOME TO ANYTIME FITNESS FOR YEARS. THE OWNER HAS TAKEN GREAT CARE OF THE SPACE, AND IT HAS UNDERGONE MANY IMPROVEMENTS IN THE PAST 3 YEARS, INCLUDING UPDATED ELECTRICAL WORK, NEW ROOFING (2024) AND, UPDATED HVAC UNITS! THIS SOUTH TAMPA GEM HAS OVER 26 PARKING SPACES, WHICH IS INCREDIBLY RARE FOR A BUILDING IN THIS HIGHLY COVETED AREA!
DOWN PAYMENT: 20% OR $750,000
INTEREST-ONLY PAYMENTS OR
AN AMORTIZATION OF 30 YEARS
BALLOON LENGTH: 5 YEARS
FIXED INTEREST RATE: Year 1: 4%, 5% Year 2, 6% Year 3, 7% Year 4, 8% Year 5.
MONTHLY DEBT SERVICE AS LOW AS: $10,000
PROJECTED CASH-ON-CASH RETURN: 15%+
THIS 7,100 S/F M.O.L. FREESTANDING RETAIL BUILDING IS PERFECT FOR AN OWNER/USER OR A NATIONAL RETAIL TENANT TO USE. THE PROPERTY WAS HOME TO ANYTIME FITNESS FOR MANY YEARS AND IS THE PERFECT FIT FOR MANY DIFFERENT TYPES OF LOCAL OR NATIONAL BUSINESSES. THIS RARE OPPORTUNITY HAS AMAZING VISIBILITY ON KENNEDY BLVD, WHICH HAS AN AADT OF 40,000 CARS PER DAY. THIS BLOCK ON BLOCK BUILDING HAS OVER 26 PARKING SPACES AND IS PERFECT FOR MEDICAL, RETAIL, OR OFFICE USE.
THE SELLER IS OFFERING AMAZING SELLER FINANCING (SEE P.5) FOR THE FULL SELLER FINANCING DETAILS. THE AMAZING ENTRY RATE AND LOW MONTHLY INTEREST-ONLY PAYMENTS WILL ALLOW A BUYER TO PUT DOWN LESS MONEY THAN THEY WOULD HAVE TO AT THE BANK, AND USE THE SAVINGS TO IMPROVE OR BUILD OUT THE SPACE FOR FUTURE USE. THE 5-YEAR TERM GIVES THE BUYER A LONG RUNWAY TO EVENTUALLY PAY OFF THE NOTE OR REFINANCE THE PROPERTY ON A LONG-TERM LOAN WITH THE BANK! IT IS EXTREMELY RARE TO FIND A 7,100+ S/F FREE STANDING BUILDING ON KENNEDY BLVD THAT COMES WITH INCREDIBLE SELLER FINANCING TERMS!
THE OWNER HAS TAKEN GREAT CARE OF THE SPACE, AND IT HAS UNDERGONE MANY IMPROVEMENTS OVER THE PAST 3 YEARS, INCLUDING: UPDATED ELECTRICAL BOXES AND WIRING, NEW ROOFING (2024) WITH A WARRANTY FOR MATERIALS AND LABOR THAT RUNS THROUGH 2034, UPDATED HVAC UNITS, UPDATED PARKING LOT, UPDATED WINDOWS, NEW LANDSCAPING (2026), AND NEW EXTERIOR PAINT (2026).
THIS UNIQUE PROPERTY HAS MANY ADDITIONAL FEATURES INCULDING A LED ILLUMINATED PYLON SIGN WITH VISIBILITY ON KENNEDY BLVD, OVER 26 PARKING SPACES WHICH IS EXTREMELY RARE TO HAVE ANYWHERE IN SOUT TAMPA, CAMRA AND ALARM SYSTEM, REAR ALLY INGRESS AND EXIT FROM BOTH DIRECTIONS, BRIGHT LED LIGHTING IN THE FRONT AND REAR OF THE BUILDING, AND A LARGE CARGO DOOR ON THE SIDE OF THE BUILDING THAT CAN STORE VECHILES OR CAN BE USED TO DROP OFF MATERIALS OR GOODS! THIS IS A RARE OPPORTUNITY TO OWN PRIME REAL ESTATE IN SOUTH TAMPA, WITH AMAZING SELLER FINANCING THAT WON’T LAST LONG!