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    3019-3021 W Waters Ave Tampa, FL 33604

    For Sale
    $2,160,000

    Retail plaza with redevelopment potential in a high-traffic Tampa location.

    Property size:
    4,456 SF
    Lot size:
    0.46 Acres

    Property Features for 3019-3021 W Waters Ave

    General Information

    Size
    4,456 SF
    Lot size
    0.46 Acres

    Source: Grimaldi Commercial Realty Corp Agent Kari Grimaldi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tampa Retail Plaza Investment Opportunity

    Located in Tampa's commercial hub, the plaza at 3021 W Waters Ave presents a prime investment opportunity with potential for redevelopment. Its strategic location near Interstate 275 ensures maximum visibility and high foot traffic, enhancing business prospects. The property is currently leased with two spaces, one of 2800 square feet and another of 1600 square feet, generating guaranteed income for 3 years, with renewals every 2 years and a 3% annual increase. The property is ideal for dynamic redevelopment projects or personalized property conversions, promising immediate returns and long-term growth. Situated along Interstate 275, a primary North/South thoroughfare with 188,000 vehicles per day, the property ensures maximum exposure. Convenient access to Tampa International Airport, within a 15-minute drive, enhances convenience for tenants and visitors. The property offers excellent parking facilities with over 6 spaces per 1000 square feet, catering to various types of tenants and businesses. The property size is 4456 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4918907
    Latitude
    28.0256617

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    FAQs

    What type of property is this?
    Strip mall - Retail plaza with redevelopment potential in a high-traffic Tampa location.
    Where is this strip mall located?
    The property is located at 3019-3021 W Waters Ave Tampa, FL.
    What is the asking price?
    The asking price for this property is $2,160,000.
    What are key features of this property?
    This property features: - Strategic Location: High visibility and foot traffic near Interstate 275.; - Stable Income: Leased spaces generating guaranteed income for 3 years, with renewals and annual increases.; - Redevelopment Potential: Ideal for redevelopment projects or property conversions.
    (813) 376-3386
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3019-3021 W Waters Ave Tampa, FL 33604
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