811 Howard Ave Tampa, FL 33606
- Turn key restaurants
- 2,874 SF
- 0.22 lot acres
Current Use by Public Records
- SoHo Restaurants / Asian Fusion Restaurant / Sushi Restaurant
- Royal Palace Thai Restaurant / Thai Restaurant / Restaurant
Property Details for 811 Howard Ave
- Year built
- 1949
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.22 lot acres
- Property size
- 2,874 SF
- Zone code
- CG
- Property type
- Turn key restaurants
- APN
- A2629183OR000000000250
- APU
- A2629183OR000000000250
Description
This exceptional portfolio offers three strategically located restaurant properties in Tampa's vibrant SoHo district. The portfolio includes a thriving Thai restaurant at 811 S Howard Ave, a 1,597 square foot two-story duplex at 2206 W Bristol Ave (adjacent to the Thai restaurant and suitable for redevelopment as a parking lot), and a 2,624 square foot bar/restaurant with a four-COP license at 1500 W Cass St. The SoHo/Hyde Park area is a thriving hub of activity, boasting a high concentration of shops, restaurants, and entertainment venues, ensuring high foot and vehicle traffic. This prime location benefits from outstanding demographics and easy access to major roadways, including the Selmon Expressway, W Kennedy Blvd (SR 60), Bayshore Blvd, Dale Mabry, and I-275. The portfolio's proximity to the Westshore Business District, Downtown Tampa, and the University of Tampa further enhances its appeal. The Tampa-St. Petersburg Metro Area boasts a population of 2.9 million residents, making this a compelling investment opportunity in a dynamic and growing market. The 1500 W Cass St property, currently closed, holds a valuable four-COP license. The 2206 W Bristol Ave property presents a unique opportunity for expansion or additional parking. This portfolio presents a rare chance to acquire established and developable restaurant properties in one of Tampa's most desirable locations.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $300,000
- 6.5%
- $285,000
- 7%
- $300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $325,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $310,000
- Mixed-Use
- $260,000
- Hospitality
- $345,000
- Educational
- $270,000
- Residential Income
- $265,000
- Energy
- $270,000
- Income-Based Land
- $280,000
- Food Service
- $260,000
Location Insight
- Map
- Local Demand
- City
- Tampa
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4833
- Latitude
- 27.9354
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
