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Commercial Property with Special Use

301 S 22ND STREET Tampa, FL 33605

Claim this Listing
For Sale
$575,000

Commercial property suitable for restaurant, retail, or commercial kitchen.

Type:Commercial/Industrial
Property size:
2,762 SF
Lot size:
0.22 Acres
Price / SF:
$208/SF
Added:
Jun 29, 2024
Days on Market:
745
Last Refresh:
Jul 4 at 7:14 am

Property Features for 301 S 22ND STREET

General Information

Standard status
Active
Size
2,762 SF
Lot size
0.22 Acres
Property subtype
Commercial/Industrial

Building Details

Year Built
1950

Listing office SPIN REAL ESTATE LLC

Listing date Jun 29, 2024

Source Exitrealty

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 SPIN REAL ESTATE LLC


Investment Insights

Based on property information with market context.

This commercial property, zoned for special uses such as a restaurant, bakery, bar/lounge, convenience retail, catering shop, or commercial kitchen, features 2762 square feet of heated floor space. The corner lot building includes eight parking spots and is equipped with three-phase power. The existing commercial kitchen contains a large vent hood approximately 24 feet, a walk-in cooler measuring 25 feet by 10 feet, and a deep freezer of 7 feet by 7 feet. Ample storage space and two half-bathrooms are available. The roof was installed in 2016. The property is centrally located just off N 22nd Street and Adamo Drive, providing easy access to the Selmon Expressway, Ybor City, and Downtown Tampa.

Key Highlights

  • Commercial zoning allows for restaurant, bakery, bar/lounge, convenience retail, catering shop, or commercial kitchen.
  • Existing commercial kitchen featuring a large vent hood (approximately 24’), large walk‑in cooler (25’ x 10’), and deep freezer (7’x 7’).
  • Over 2700 sqft of heated floor space.

Local Financial Insights For Specialty 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 $53.0k $19.20
− Vacancy −$2.7k −$0.96
EGI $50.4k $18.24
− OpEx −$12.6k −$4.56
NOI $37.8k $13.68
2,762 SF · lease $19.20/SF/yr · vacancy 5.00% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$539.8K
$472.3K – $629.7K (±1% cap)
NOI $37,784 @ 7.0% cap · market cap 6.57%
Second Best
Industrial
$479.2K
$419.3K – $559.1K (±1% cap)
NOI $33,545 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$643.5K
$563.0K – $750.7K (±1% cap)
NOI $45,043 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Gaston's Culinary Services, ... Take-out & Catering Rebuilt Meals Restaurant STUDIO 420 (Bike/Boat/Book/etc) Store ATM Atm

Suggested Use

Dental Office Daycare Center Catering Service Veterinary Clinic Fish Market (Bike/Boat/Book/etc) Store Discount Store Clothing & Fashion Store (Bike/Boat/Book/etc) Store Nursing Home

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

Similar Off Market Nearby

  • Gaston's Culinary Services, Inc. — 301 S 22nd St, Tampa, FL 33605
  • Catering by The Inventing Room — 1001 Water St, Tampa, FL 33602

FAQs

What type of property is this?
Restaurant - Commercial property suitable for restaurant, retail, or commercial kitchen.
Where is this restaurant located?
The property is located at 301 S 22ND STREET Tampa, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Commercial zoning allows for restaurant, bakery, bar/lounge, convenience retail, catering shop, or commercial kitchen.; **Existing commercial kitchen featuring a large vent hood (approximately 24’), large walk‑in cooler (25’ x 10’), and deep freezer (7’x 7’)**.; Over 2700 sqft of heated floor space.
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