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8502 N Armenia Ave
Tampa, FL 33604
Evershine Square · Retail Property For Sale
Investment 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.
- Parking Lot Resurfaced in July 2024: Freshly paved parking area offering ample, well-maintained space for customers and tenants.
- Value-Add Potential: Below-market rents present a revenue growth opportunity, aiming for a nearly $10M valuation in 3 years.
- New TPO Roof Installed in 2019: Durable and energy-efficient roofing system, providing long-term protection and reducing maintenance costs.
- Individually Metered Utilities: Separate electric and water meters for each tenant reduce landlord expenses.
- Proven Stability: Self-managed for over 30 years with strong tenant retention and consistent full occupancy, requiring minimal marketing.
Property Facts
Property Type
Retail
Building Size
29,294 SF
Building Class
B
Year Built
1984
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
2.77 AC
Zoning
CG
Parking
101 Spaces (3.45 Spaces per 1,000 SF Leased)
Frontage
327’ on N Armenia Ave
Property Taxes
| Parcel Number | A-22-28-18-152-000000-00010.1 | Improvements Assessment | $3,089,600 |
| Land Assessment | $100 | Total Assessment | $3,089,700 |
Property Taxes
Parcel Number
A-22-28-18-152-000000-00010.1
Land Assessment
$100
Improvements Assessment
$3,089,600
Total Assessment
$3,089,700
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