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    3642 Gandy Blvd Tampa, FL 33611

    Sponsored
    For Sale
    $7,000,000

    High-Yield Retail Investment Opportunity

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,000 square foot retail storefront, located at 3642 West Gandy Boulevard in Tampa, Florida (33611), presents a lucrative investment opportunity. Currently 100% occupied, generating a gross annual income of $250,000, this multi-tenant property sits on a 1.39-acre lot and offers significant redevelopment potential. The property enjoys a prime location directly across from a Publix, Super Target, and Starbucks, with a Wawa nearby. Importantly, this site is not located under an overpass, providing excellent visibility and accessibility. Existing infrastructure includes retention in place, and Hillsborough County plans allow for direct access, supplementing the currently available multiple access points. The asking price is $7,000,000, translating to a price per square foot of $583.33. This property is classified as a retail storefront and outparcel/pad, making it ideal for a variety of uses. The high occupancy rate, strong tenant base, and strategic location combine to create a compelling investment opportunity with significant upside potential for future development. The property's size and location make it a highly desirable redevelopment site, with plans already in place to accommodate multiple users. This is a rare chance to acquire a high-performing retail asset in a thriving Tampa Bay market.

    Property Features for 3642 Gandy Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,000 SF
    Lot Size
    60,548 SF

    HighLights

    • 12,000 SF, 100% occupied retail storefront generating $250,000 annual gross income.
    • Highly desirable redevelopment site on a 1.39‑acre lot.
    • Existing plans accommodate multiple users.
    Property Profile Location Intelligence

    Current Use by Public Records

    massage vigor Massage Spa Casa Mexicana Bar ... Mexican Restaurant Phantom Fireworks of Tampa ... Fireworks Store Bliss Nail Salon ... Nail Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.5039957
    Latitude
    27.8931335

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Investment Opportunity
    Where is this individual retail property located?
    The property is located at 3642 Gandy Blvd Tampa, FL.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: 12,000 SF, 100% occupied retail storefront generating $250,000 annual gross income.; Highly desirable redevelopment site on a 1.39-acre lot.; Existing plans accommodate multiple users.
    Request Owner's contact information
    3642 Gandy Blvd Tampa, FL 33611
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    Tampa, FL 33611
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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
    3642 Gandy Blvd Tampa, FL 33611
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