High-Traffic Retail Strip
1510-1526 E Fowler Ave Tampa, FL 33612
1510-1526 E Fowler Ave, Tampa, FL, 33612
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For Sale
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Fowler Shopping Plaza is a 27,319 SF strip center with dual access off E Fowler Avenue and N Elmer Street.
Property Size27,319 SF
Price / SF$305.65
Days on Market225
Property Features for 1510-1526 E Fowler Ave
General Information
- Standard status
- Active
- Size
- 27,319 SF
- Property subtype
- RETAIL
Listing agency
Colliers | Tampa
(727) 421-4377
Listed by
Mike Milano · License #SL3335080
(727) 421-4377
Source
Moodyscre
Added: Dec 9, 2025 Updated: Jul 22 at 7:20AM Checked: Jul 22 at 7:20AM
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 Colliers | Tampa
Investment Insights
Based on property information with market context.
Fowler Shopping Plaza is a high-visibility retail strip center totaling 27,319 square feet, located along the north side of E Fowler Avenue in Northeast Tampa. The property is 96% leased with a lineup of long-term tenants, including Optical Outlets, Del Valle Mexican Restaurant & Grill, and Blue Flame Restaurant. All leases are triple-net and include annual rent increases.
The site offers convenient ingress and egress with access from both E Fowler Avenue and N Elmer Street. The property serves a dense population base and benefits from high daily vehicle counts, with nearly 55,000 vehicles per day reported from E Fowler Avenue.
Capital improvements in 2025 totaled more than $614,433, including roof repairs, parking lot coating and striping, complete exterior painting, landscaping enhancements, pylon sign repairs, and other upgrades. The nearby RITHM project and continued development along E Fowler Avenue are expected to support sustained activity in the immediate area.
The site offers convenient ingress and egress with access from both E Fowler Avenue and N Elmer Street. The property serves a dense population base and benefits from high daily vehicle counts, with nearly 55,000 vehicles per day reported from E Fowler Avenue.
Capital improvements in 2025 totaled more than $614,433, including roof repairs, parking lot coating and striping, complete exterior painting, landscaping enhancements, pylon sign repairs, and other upgrades. The nearby RITHM project and continued development along E Fowler Avenue are expected to support sustained activity in the immediate area.
Key Highlights
- 27,319 SF strip center with dual access off E Fowler Avenue and N Elmer Street
- Nearly 55,000 vehicles per day at the site with access supporting convenient customer ingress/egress
- 96% leased by diverse long‑term tenants including Optical Outlets, Del Valle Mexican Restaurant & Grill, and Blue Flame Restaurant
Local Financial Insights For Retail
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 | $491.7k | $18.00 |
| − Vacancy | −$27.0k | −$0.99 |
| EGI | $464.7k | $17.01 |
| − OpEx | −$139.4k | −$5.10 |
| NOI | $325.3k | $11.91 |
27,319 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.65M
$4.07M – $5.42M
NOI $325,287 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.22M
$5.45M – $7.26M
NOI $435,618 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wellcare
Home Health Care Service
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Fowler Shopping Plaza is a 27,319 SF strip center with dual access off E Fowler Avenue and N Elmer Street.
Where is this strip mall located?
The property is located at 1510-1526 E Fowler Ave Tampa, FL.
What is the asking price?
The asking price for this property is $8,350,000.
What are key features of this property?
This property features: 27,319 SF strip center with dual access off E Fowler Avenue and N Elmer Street; Nearly 55,000 vehicles per day at the site with access supporting convenient customer ingress/egress; 96% leased by diverse long‑term tenants including Optical Outlets, Del Valle Mexican Restaurant & Grill, and Blue Flame Restaurant
