Fully Leased Retail Investment
4172-4174 E HILLSBOROUGH AVENUE, Tampa, FL 33610
Freestanding retail property with 10-year lease in place.
Type:Commercial/Industrial
Property size:
3,426 SFLot size:
0.31 AcresPrice / SF:
$218/SF- Added:
- Apr 10, 2025
- Days on Market:
- 417
- Last Refresh:
- May 28 at 1:49 pm
Property Features for 4172-4174 E HILLSBOROUGH AVENUE
General Information
- Standard status
- Active
- Size
- 3,426 SF
- Lot size
- 0.31 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1952
Listing agent Tina Marie Eloian License #653748 (813) 997-4321
Listing office FLORIDA COMMERCIAL GROUP (813) 997-4321
Listing date Apr 10, 2025
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 FLORIDA COMMERCIAL GROUP
HighLights
- Fully leased property with a 10‑year lease in place, providing immediate income.
- High traffic location with 47,000 vehicles per day on E. Hillsborough Avenue, offering excellent visibility.
- Two freestanding buildings: 1,791 SF front building and 1,635 SF rear building suitable for a car lot or additional operations.
- Located in a qualified HUBZone within a growing area of East Tampa, surrounded by stable residential neighborhoods.
- Zoned CI (Commercial Intensive), allowing for a wide range of business uses.
- Features include a fenced lot, signage opportunities, bay doors, 12 ft ceilings, paint station, and ample yard space.
Overview
This fully leased, freestanding retail property is available for sale, offering a 10-year lease. The property is suitable for various businesses, including retail stores, offices, automotive paint, service and body repair, automotive sales, tire shops, mechanic shops, professional services, or service-oriented businesses such as electrical, plumbing, landscaping, HVAC, solar, and roofing. The front building, measuring 1,791 square feet, features a small office/reception area and two bays for body work, including a drying station, and 12 ft ceilings. The property is fully fenced. The 1,635-square-foot building to the rear can be used as a car lot or for additional business operations. The front building includes wall-mounted signage, providing visibility to commuters on E. Hillsborough Avenue. Located in East Tampa, the property benefits from high traffic flow, with approximately 47,000 vehicles passing by daily. It is situated near stable residential neighborhoods, with over 42,989 households and more than 103,156 residences within a three-mile radius. The area has an average household income of $44,346 within a 3-mile radius. The location offers convenient access to 40th Street, 56th Street, Interstate 4, Busch Blvd, Dr. Martin Luther King Jr. Blvd., Nebraska Avenue, and Interstate 275. Downtown Tampa, USF, Temple Terrace, North Tampa, and Interstate 75 are also nearby. The property is zoned CI (Commercial Intensive) and includes a small 240 square foot office with a restroom, an onsite storage shed, and two grade-level bay doors. It features 12 ft ceiling heights, a paint station with air filtration, an air compressor, a lift, and ample yard space. The property is fully metal fenced and gated for security on a 0.31 acre lot. The location is in a qualified HUBZone.
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 | $74.0k | $21.60 |
| − Vacancy | −$4.4k | −$1.30 |
| EGI | $69.6k | $20.30 |
| − OpEx | −$17.4k | −$5.08 |
| NOI | $52.2k | $15.23 |
3,426 SF · lease $21.60/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$745.3K
$652.1K – $869.5K
NOI $52,171 @ 7.0% cap · market cap 6.97%
Second Best
Office B
$576.4K
$504.3K – $672.4K
NOI $40,346 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$790.2K
$691.4K – $921.9K
NOI $55,312 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
- Interlock System of Fl Inc — 5434 56th Commerce Park Blvd, Tampa, FL 33610
- TAMPA JUNK CAR KINGS — 4704 N 40th St, Tampa, FL 33610
- Big Papa High Tread — 4935 N 40th St, Tampa, FL 33610
- ALCOLOCK Ignition Interlock — 5434 56th commerce park blvd, tampa, fl 33610
- Fergie's Body Shop — 4615 N 34th St, Tampa, FL 33610
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4105963
- Latitude
- 27.9963064
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Freestanding retail property with 10-year lease in place.
Where is this auto shop located?
The property is located at 4172-4174 E HILLSBOROUGH AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Fully leased property with a 10‑year lease in place, providing immediate income.; High traffic location with 47,000 vehicles per day on E. Hillsborough Avenue, offering excellent visibility.; Two freestanding buildings: 1,791 SF front building and 1,635 SF rear building suitable for a car lot or additional operations.
