Mixed-Use Investment
5609 N NEBRASKA AVENUE, Tampa, FL 33604
East Seminole Heights property with multiple income streams.
Type:Commercial/Industrial
Property size:
3,907 SFLot size:
0.26 AcresPrice / SF:
$230/SF- Added:
- Mar 16, 2026
- Days on Market:
- 64
- Last Refresh:
- Apr 6 at 3:55 am
Property Features for 5609 N NEBRASKA AVENUE
General Information
- Standard status
- Active
- Size
- 3,907 SF
- Lot size
- 0.26 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1935
Listing agent Edward Moore, Jr. License #3270774
Listing office FUTURE HOME REALTY INC (813) 855-4982
Listing date Mar 16, 2026
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 FUTURE HOME REALTY INC
HighLights
- Multiple Income Streams: Benefit from income generated by the quad apartment building, restaurant, billboard, and storage building.
- High Net Operating Income: Generates a Net Operating Income (NOI) of $74,445, equating to approximately an 8 CAP.
- Fully Leased Apartments: All four apartment units are renovated and currently leased.
- Restaurant with Liquor License: Includes a rented restaurant property with a transferable 2COP liquor license.
- Recent Capital Improvements: Features a new waterline and meter for the apartment building, a new roof on the apartment building, and new perimeter fencing.
- Commercial Intensive (CI) Zoning: The entire property is CI zoned, accommodating a wide range of potential uses.
Overview
This East Seminole Heights mixed-use property offers six sources of income. It includes a quad apartment building, a restaurant, a large billboard, and a small storage building. The property is located in an area experiencing revitalization with new homes, construction, and restaurant concepts. The property features a four-unit quadplex that is fully rented. Unit A is a 2-bedroom, 1-bathroom unit with 740 square feet. Units B, C, and D are each 1-bedroom, 1-bathroom units, with Unit B having 400 square feet and Units C and D each having 560 square feet. Adjacent to the apartments is a separate garage/workshop, currently part of the restaurant lease. There is also a free-standing restaurant property, currently rented to a Mexican restaurant, with a transferable 2COP liquor license, and a mono-pole billboard currently on a land lease. The entire property is CI zoned, accommodating most uses. The gross income is $95,903.40 with a Net Operating Income of $74,445. All apartment units have been renovated and are leased. The restaurant lease has 4 years remaining, with the tenant having an additional 5-year option thereafter with annual increases. Recent capital improvements include a new waterline and meter to the apartment building, a new roof on the apartment building, and new perimeter fencing. The property size is 3907 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Xtreme Tacos Restaurant
Restaurant
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.450875
- Latitude
- 27.998253
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - East Seminole Heights property with multiple income streams.
Where is this mixed-use property located?
The property is located at 5609 N NEBRASKA AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $899,500.
What are key features of this property?
This property features: Multiple Income Streams: Benefit from income generated by the quad apartment building, restaurant, billboard, and storage building.; High Net Operating Income: Generates a Net Operating Income (NOI) of $74,445, equating to approximately an 8 CAP.; Fully Leased Apartments: All four apartment units are renovated and currently leased.
