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8436 N Nebraska Ave 7,970 SF 100% Leased Retail Building Tampa, FL 33604 $999,000 ($125.35/SF) 9.92% Cap Rate
Investment Highlights
- Fully leased with a solid stream of income.
- Great location located in the Seminole Heights neighborhood known for its historical charm, local shops, and diverse dining options.
Executive Summary
Prime commercial property at 8436 N Nebraska Ave, Tampa, FL. This two-story building features a lucrative investment opportunity with 9 fully rented studio apartments on the second floor, providing a consistent rental income stream. On the ground floor, there are 3 rented retail units, adding to the property’s income potential. Located in the bustling Seminole Heights neighborhood, this property offers both residential and commercial rental income in a thriving area. Don’t miss out on this attractive investment opportunity in Tampa!
This is an income producing property and has undergone significant renovation including new roofs, flooring, paint and bathroom upgrades making it essentially turnkey, while still leaving options open for further improvement and rent increases. This property is located in the Seminole Heights neighborhood of Tampa. It’s situated in Hillsborough County, near the intersection of N Nebraska Avenue and E Waters Avenue. This area is known for its historic charm, local shops, and diverse dining options. The Seminole area is undergoing a range of
improvements bringing new opportunities for the future. This site could be the perfect location to use for income generation while preparing for future renovations. Seller financing may be possible.
Please do not approach the tenants!
This is an income producing property and has undergone significant renovation including new roofs, flooring, paint and bathroom upgrades making it essentially turnkey, while still leaving options open for further improvement and rent increases. This property is located in the Seminole Heights neighborhood of Tampa. It’s situated in Hillsborough County, near the intersection of N Nebraska Avenue and E Waters Avenue. This area is known for its historic charm, local shops, and diverse dining options. The Seminole area is undergoing a range of
improvements bringing new opportunities for the future. This site could be the perfect location to use for income generation while preparing for future renovations. Seller financing may be possible.
Please do not approach the tenants!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,970 SF
Building Class
C
Year Built/Renovated
1950/2023
Price
$999,000
Price Per SF
$125.35
Cap Rate
9.92%
NOI
$99,079
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.92
Lot Size
0.20 AC
Zoning
CI - commercial intensive
Parking
10 Spaces (1.26 Spaces per 1,000 SF Leased)
Frontage
108’ on Nebraska Ave
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | A-24-28-18-3EH-000050-00002.0 | Improvements Assessment | $242,700 |
| Land Assessment | $129,200 | Total Assessment | $371,900 |
Property Taxes
Parcel Number
A-24-28-18-3EH-000050-00002.0
Land Assessment
$129,200
Improvements Assessment
$242,700
Total Assessment
$371,900
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8436 N Nebraska Ave
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