1100 N 50th Street Tampa, FL 33619

Building Details

Year Built

1986

Listing agency Coral Cove Realty Inc o***@gmail.com Show Phone

Listed by Omar Alonso Mantilla Show Phone

Source Xome

Added: Sep 14, 2023 Updated: Jul 21 at 7:30AM Checked: Jul 21 at 7:30AM

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Investment Insights

Based on property information with market context.

This for-sale automotive parts business includes two separate units built for a truck parts retail operation, with the property offering ample on-site parking for both employees and customers. The listing notes a lease structure that renews every five years, and inventory has been reduced by $300,000 in parts.

The business is described as located in Tampa’s busiest commercial area off 50th Ave., with convenient access from both Interstate I-4 and the Crosstown Expressway. The remarks state the business is about five minutes east of downtown Tampa.

Operational performance and distributor relationships are cited in the remarks, including accounts with PDI and AUTOMANN USA that are expected to continue with new ownership. Reported results include ROI of 17% in 2022, with $1.6M in sales that year, and in 2023 inventory increased alongside $756K in sales. The listing also references NOI of $230,000.

Key Highlights

• Automotive parts retail operation with two units located in Tampa’s busy commercial area off 50th Ave.
• Convenient access to both Interstate I‑4 and the Crosstown Expressway; about 5 minutes east of downtown Tampa.
• Plenty of on‑site parking for employees and customers.

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FAQs

What type of property is this?

Storefront property - Automotive parts retail operation with two units and ample parking in a high-traffic Tampa commercial area.

Where is this storefront property located?

The property is located at 1100 N 50th Street Tampa, FL.

What is the asking price?

The asking price for this property is $650,000.

What are key features of this property?

This property features: Automotive parts retail operation with two units located in Tampa’s busy commercial area off 50th Ave.; Convenient access to both Interstate I‑4 and the Crosstown Expressway; about 5 minutes east of downtown Tampa.; Plenty of on‑site parking for employees and customers.