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Commercial Building on Armenia Avenue

6708 North Armenia Avenue Tampa, FL 33604

6708 North Armenia Avenue, Tampa, FL, 33604

$630,000

For Sale

$630,000

Freestanding, fully leased commercial building in thriving Egypt Lake-Leto.

Property Size1,368 SF

Price / SF$460.53

AddedNov 21, 2025

Days on Market236

Last RefreshMay 8 at 8:15 pm

Property Features for 6708 North Armenia Avenue

General Information

Standard status: Active
Size: 1,368 SF
Property subtype: Office

Building Details

Year Built: 1955

Listing office Florida Commercial Group

Listing date Nov 21, 2025

Source Sperrycga

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

All listing content including descriptions, pricing, images are the copyrighted material of Florida Commercial Group

Investment Insights

Based on property information with market context.

This fully leased, free-standing commercial building offers 1,368 square feet of space along N. Armenia Avenue in Egypt Lake-Leto. Situated on a 0.20-acre lot, the block-constructed building features central heating and cooling and has been fully renovated. The property's layout is versatile, suitable for division into multiple offices, an open office/workstation setup, or an office showroom. The rear of the property is gated and fenced for security. With 85 feet of frontage on N. Armenia Avenue, the location provides visibility and signage opportunities. The property is located in a Qualified HUB Zone. The site is located near W. Hillsborough Avenue, N. Dale Mabry Hwy., W. Sligh Avenue, N. Himes Avenue and Waters Avenue, with convenient access to the Veteran’s Expwy. and Interstate 275. It is approximately 12 minutes from Downtown Tampa and 15 minutes from Tampa International Airport. The surrounding area includes residential neighborhoods, commercial businesses, schools, and public transportation. The property is located near AdventHealth- Carrollwood, Al Lopez Park, Raymond James Stadium, and St. Joseph’s Hospital. Traffic counts along N. Armenia Avenue are 21,500 vehicles per day. The property's zoning is CG (General Commercial), and the highest and best use is professional office, retail storefront, or office showroom.

Key Highlights

Prime location on N. Armenia Avenue with high traffic count and excellent visibility.
Currently fully leased, providing immediate income potential.
Located in a Qualified HUB Zone, offering potential tax benefits.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$32.8k	$24.00
− Vacancy	−$8.0k	−$5.88
EGI	$24.8k	$18.12
− OpEx	−$6.2k	−$4.53
NOI	$18.6k	$13.59

1,368 SF · lease $24.00/SF/yr · vacancy 24.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$265.6K

$232.4K – $309.9K (±1% cap)

NOI $18,591 @ 7.0% cap · market cap 2.95%

Second Best

Retail

$232.7K

$203.6K – $271.5K (±1% cap)

NOI $16,289 @ 7.0% cap · market cap 2.59%

Theoretical Best

Office A

$318.7K

$278.9K – $371.8K (±1% cap)

NOI $22,309 @ 7.0% cap · market cap 3.54%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

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For sale
Office buildings
FL
Tampa
33604
6708 North Armenia Avenue

What type of property is this?

Office building - Freestanding, fully leased commercial building in thriving Egypt Lake-Leto.

Where is this office building located?

The property is located at 6708 North Armenia Avenue Tampa, FL.

What is the asking price?

The asking price for this property is $630,000.

What are key features of this property?

This property features: Prime location on N. Armenia Avenue with high traffic count and excellent visibility.; Currently fully leased, providing immediate income potential.; Located in a Qualified HUB Zone, offering potential tax benefits.