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Multi-Tenant Retail Strip
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24771 State Road 54, Lutz, FL 33559

C2-zoned offering combines an occupied tenant lineup with an adjacent newly constructed retail property.

Property Size8,454 SF
Price / SF$895.08
Days on Market12

Property Features for 24771 State Road 54

General Information

Standard status Active
Size 8,454 SF
Class A
Total Parking Spaces 72
Property subtype Retail
Zoning C2 - Commercial General
Occupancy 100%
Lease Type NNN
Investment Type Net Lease
Net Operating Income $472,920

Building Details

Year Built 2024
Buildings 2
Tenancy Multi
Listing Agency: SRS Real Estate Partners Tampa
Listed By: William Wamble · License #SL3257920
Source: Crexi
Added: Aug 10 Changed: Aug 15 Last Checked: Aug 20 at 9:36PM

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 SRS Real Estate Partners Tampa

Investment Insights

Based on property information with market context.

This 8,454-square-foot retail offering includes two neighboring parcels within the Shoppes of Cypress Creek development. One parcel contains a newly constructed single-tenant building, while the other is a fully occupied strip center with three tenants. The properties include drive-thru-oriented retail concepts, scheduled rent increases, and multiple renewal options. Both parcels are available for separate purchase.

The offering fronts State Road 54, a major east-west route serving the North Tampa trade areas, with reported traffic of 73,000 vehicles per day. It is positioned west of Tampa Premium Outlets and near I-75, where reported traffic reaches 135,000 vehicles per day. The surrounding development also includes Take 5 Oil Change and Woodie's Wash Shack, while the outlet center features national tenants including Nike, Adidas, Under Armour, Chick-fil-A, McDonald's, and Starbucks.

Key Highlights

  • 8,454‑square‑foot retail offering comprising two adjacent parcels
  • One parcel contains a newly constructed single‑tenant property
  • Fully occupied retail strip with three tenants

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Law Firm Auto Parts Store Big Box & Wholesale Store Kitchen & Bath Showroom Storage Facility Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

490
Businesses Nearby
78k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 79% Dining 20% Home Improvements & Furnishings 1%
Wawa Shops & Services
56,493 visits/mo 0.4 miles
Burger King Dining
12,219 visits/mo 0.4 miles
Mobil Shops & Services
3,754 visits/mo 0.2 miles
Fazoli's Dining
3,701 visits/mo 0.1 miles
Take 5 Oil Change Shops & Services
1,553 visits/mo 0.1 miles

Demographics for 33559, FL

16,675
Population
7,322
Households
2.3
Avg Household Size
33
Median Age
38%
College-Educated
93%
High-School Grad
11.9 sq mi
ZIP Area
1,401
Density / Sq Mi
$78,264
Median Household Income
$37,802
Median Earnings
$1,421
Median Rent
$343,700
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Strip mall - C2-zoned offering combines an occupied tenant lineup with an adjacent newly constructed retail property.
Where is this strip mall located?
The property is located at 24771 State Road 54 Lutz, FL.
What is the asking price?
The asking price for this property is $7,567,000.
What are key features of this property?
This property features: 8,454‑square‑foot retail offering comprising two adjacent parcels; One parcel contains a newly constructed single‑tenant property; Fully occupied retail strip with three tenants
More about this property
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