2802 Bearss Ave Tampa, FL 33613-2653
- Strip malls
- 13,773 SF
- 2.93 lot acres
Current Use by Public Records
- Strip malls
Property Details for 2802 Bearss Ave
- Year built
- 1990
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.93 lot acres
- Property size
- 13,773 SF
- Zone code
- PD
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- U052819ZZZ000001259900
- APU
- U052819ZZZ000001259900
Description
Palms Connection, a single-story, 32,147 square foot retail center in Tampa, Florida's Northeast submarket, presents a compelling investment opportunity. Located at 2802 E Bearss Ave, Lutz, FL 33559, near the intersection of N 30th St SE, this Class B property boasts 300 parking spaces and sits on a 3.48-acre lot (151,589 sq ft). Built in 1990, the building features a 0.2 FAR and is zoned R1, County. The property's prime location offers exceptional visibility and accessibility, situated minutes from the University of South Florida and within two miles of three major medical facilities: AdventHealth Hospital Tampa, Moffitt Research Center, and James A. Haley Veterans Hospital. This high-traffic area ensures consistent customer flow, making it ideal for a variety of retail businesses. The property's single building comprises multiple suites, with a maximum contiguous space of 32,147 square feet. Property taxes are $2.14 per square foot. The APN is U-05-28-19-ZZZ-000001-25990.0, U-05-28-19-ZZZ-000001-26000.0. This is a rare opportunity to acquire a well-located retail center in a thriving Tampa submarket. No elevators are present.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,935,000
- 6.5%
- $9,040,000
- 7%
- $8,195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $9,880,000
- Geo Method
- $8,675,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,625,000
- Retail
- $9,080,000
- Mixed-Use
- $7,660,000
- Hospitality
- $8,800,000
- Educational
- $8,050,000
- Residential Income
- $8,090,000
- Energy
- $8,175,000
- Income-Based Land
- $9,525,000
- Food Service
- $7,165,000
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4275
- Latitude
- 28.081
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA