1711 Fowler Ave Tampa, FL 33612-5523

Property Details for 1711 Fowler Ave

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.54 lot acres

Property size

4,324 SF

Zone code

CI

Property type

Car washes

APN

A182819A1W000000000080

APU

A182819A1W000000000080

Description

This exceptional investment opportunity presents a fully renovated Mr. Express Car Wash located at 1711 E Fowler Ave, Tampa, FL 33612. The 4,216 square foot facility, situated on a 0.53-acre lot, underwent a complete transformation in 2024, boasting a new tunnel, vacuum system, conveyor, tire shiner, brushes, wraps, and repaved parking. The property benefits from a prime location in a high-traffic retail corridor, with approximately 54,000 vehicles passing daily on Fowler Avenue. Its proximity to the University of South Florida (less than a mile away) and Interstate-275 (also less than a mile away, with 151,500 daily vehicles) ensures consistent customer flow. The strong demographics within a 5-mile radius, exceeding 300,000 residents and projected to grow to over 308,000, further solidify the investment potential. The building, constructed in 1976, is classified as Class B, with a single tenancy and commercial zoning. Financial highlights include an asking price of $3,500,000 ($830.17/sq ft), a current NOI of $227,500 (6.50% cap rate), and a pro-forma NOI of $540,000 (15.43% pro-forma cap rate). This is a turn-key operation situated directly across from the University Square Mall, offering significant upside potential for a savvy investor.