5251 Dale Mabry Hwy Tampa, FL 33611

Property Details for 5251 Dale Mabry Hwy

Year built

1960

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 lot acres

Property size

4,523 SF

Zone code

CG

Property type

Strip malls

Property subtype

Neighborhood centers

APN

A0930183YC000002000010

APU

A0930183YC000002000010

Description

Maddox Plaza, located at 5251 S Dale Mabry Hwy in Tampa, Florida, presents a compelling value-add investment opportunity. This 4,000 square foot storefront property sits on a 13,095 square foot lot and is currently 100% occupied by two tenants under a triple net (NNN) lease structure. One lease offers flexibility for a new owner, allowing for the retention of current tenants, the implementation of a new market-rate lease, or an increase in rent for an existing tenant. Alternatively, the property is suitable for owner-occupancy. The property benefits from excellent visibility and high traffic counts due to its prominent location on S Dale Mabry Highway. Zoned GC (General Commercial), it allows for a diverse range of retail and office uses. Nearby retailers include Publix, Home Depot, Walmart, and Target, underscoring the strong retail environment. The asking price is $1,725,000, representing a 6.50% cap rate. This multi-tenant property offers a strong cash flow and significant upside potential for a savvy investor. The property's location in South Tampa provides access to excellent demographics and amenities. The 0.30-acre lot provides ample space and potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving market. Florida's absence of state income tax further enhances the investment appeal.

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Longitude

-82.5068

Latitude

27.8882

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments