Automotive Repair Shop with
1412 E LAKE AVENUE Tampa, FL 33605
New
For Sale
$500,000
Turnkey automotive repair shop with two interior service bays, exterior covered work areas, and space to service multiple vehicles.
Property Size1,960 SF
Lot Size0.24 Acres
Price / SF$255.10
Days on Market4
Property Features for 1412 E LAKE AVENUE
General Information
- Standard status
- Active
- Size
- 1,960 SF
- Lot size
- 0.24 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing Agency:
WEST COAST REAL ESTATE OF TAMPA, LLC
(863) 651-5654
Listed By:
JARED WARREN · License #3445374
Source:
Corcoran
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 5:01AM
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 WEST COAST REAL ESTATE OF TAMPA, LLC
Investment Insights
Based on property information with market context.
This well-established automotive repair shop is designed for high-throughput service and is fully operational. The 1,960 sq. ft. building includes two interior service bays equipped with 8' x 16' overhead doors, along with an office, kitchen, bedroom, and two bathrooms. Additional functionality comes from six exterior covered work areas that allow servicing up to eight vehicles at one time, plus on-site space to store more vehicles. The shop is supported by three automotive lifts, an air compressor, 220V electrical service, approximately 11' maximum ceilings, and a 3-ton HVAC system.
The property sits on 0.24 acres at a corner location with approximately 190 feet of total road frontage and quick access to both I-4 and I-275.
Zoned Commercial Intensive with a future land use designation of CC-35 (Community Commercial), the site also offers redevelopment potential with residential density of up to 35 units each acre. The property is located within both the East Tampa CRA and the East Tampa Opportunity Zone.
The property sits on 0.24 acres at a corner location with approximately 190 feet of total road frontage and quick access to both I-4 and I-275.
Zoned Commercial Intensive with a future land use designation of CC-35 (Community Commercial), the site also offers redevelopment potential with residential density of up to 35 units each acre. The property is located within both the East Tampa CRA and the East Tampa Opportunity Zone.
Key Highlights
- 1,960 SF automotive repair building on 0.24 acres with approx. 190 ft total road frontage on the corner of 15th Lake
- Two interior service bays with 8' x 16' overhead doors plus six exterior covered work areas for up to eight vehicles serviced at once
- Equipped with three automotive lifts and an air compressor, with 220V electrical service and approx. 11' max ceilings
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $18.36 |
| − Vacancy | −$2.0k | −$1.01 |
| EGI | $34.0k | $17.35 |
| − OpEx | −$10.2k | −$5.21 |
| NOI | $23.8k | $12.15 |
1,960 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$340.1K
$297.6K – $396.7K
NOI $23,804 @ 7.0% cap · market cap 4.76%
Second Best
Retail
$333.4K
$291.7K – $389.0K
NOI $23,338 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$456.6K
$399.6K – $532.7K
NOI $31,964 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Silva Tire & Auto ...
Auto Repair Shop
Similar Off Market Nearby
- Leal Tire Shop — 3201 N Nebraska Ave, Tampa, FL 33603
- Continental Used Auto Repair & Body — 3301 N Nebraska Ave, Tampa, FL 33603
- Felix mechanic shop — 3201 Sanchez St, Tampa, FL 33605
- Chaz Auto Repair Svc Inc — 3425 n 15th st, tampa, fl 33605
- Alex Towing & Recovery, LLC — 2605 e 19th ave, tampa, fl 33605
FAQs
What type of property is this?
Auto shop - Turnkey automotive repair shop with two interior service bays, exterior covered work areas, and space to service multiple vehicles.
Where is this auto shop located?
The property is located at 1412 E LAKE AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,960 SF automotive repair building on 0.24 acres with approx. 190 ft total road frontage on the corner of 15th Lake; Two interior service bays with 8' x 16' overhead doors plus six exterior covered work areas for up to eight vehicles serviced at once; Equipped with three automotive lifts and an air compressor, with 220V electrical service and approx. 11' max ceilings
