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    3021 Waters Ave Tampa, FL 33614

    Sponsored
    For Sale
    $2,160,000

    High-Visibility Retail Plaza, Guaranteed Income

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This prime Tampa retail investment opportunity, located at 3021 W Waters Ave, Hillsborough County, FL 33614, presents a compelling proposition for both redevelopment and immediate income generation. The 4,000-4,500 square foot multi-tenant plaza boasts a strategic location near Interstate 275, ensuring high visibility and significant foot traffic. Currently, two spaces, totaling 4400 square feet (2800 sq ft and 1600 sq ft), are leased, providing a guaranteed income stream for three years, with two-year renewal options and a 3% annual rent increase. This established income provides immediate returns while allowing for future planning. The property's location offers convenient access to Tampa International Airport (within 15 minutes) and ample parking (over 6 spaces per 1000 sq ft). The high traffic count on I-275 (188,000 vehicles daily) further enhances the property's potential. Whether you envision a dynamic redevelopment project or a personalized property conversion, this opportunity promises both immediate returns and long-term growth potential within Tampa's vibrant commercial district. The property is zoned for restaurant and shopping center uses. The asking price is $2,160,000.

    Property Features for 3021 Waters Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    4,000 SF

    HighLights

    • Prime investment opportunity at 3021 W Waters Ave, Tampa, with redevelopment potential.
    • High‑traffic location near I‑275, ensuring strong visibility and business prospects.
    • Stable income stream from two existing leases (2800 sq ft & 1600 sq ft) with 3‑year terms, 2‑year renewals, and 3% annual increases.
    • Excellent redevelopment potential for immediate and long‑term growth.
    • High visibility along I‑275, a major thoroughfare with 188,000 vehicles daily.
    • Convenient access to Tampa International Airport (within 15 minutes).
    Property Profile Location Intelligence

    Current Use by Public Records

    Carlos El Salsero Dance School ZEN Pho & Noodles ... Pan-Asian Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.4918155
    Latitude
    28.0257482

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    FAQs

    What type of property is this?
    Lifestyle center - High-Visibility Retail Plaza, Guaranteed Income
    Where is this lifestyle center located?
    The property is located at 3021 Waters Ave Tampa, FL.
    What is the asking price?
    The asking price for this property is $2,160,000.
    What are key features of this property?
    This property features: Prime investment opportunity at 3021 W Waters Ave, Tampa, with redevelopment potential.; High-traffic location near I-275, ensuring strong visibility and business prospects.; Stable income stream from two existing leases (2800 sq ft & 1600 sq ft) with 3-year terms, 2-year renewals, and 3% annual increases.
    Request Owner's contact information
    3021 Waters Ave Tampa, FL 33614
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    Tampa, FL 33614
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3021 Waters Ave Tampa, FL 33614
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