Property summary
Palms Connection, a single-story, 32,147 square foot retail center in Tampa, Florida's Northeast submarket, presents a compelling investment opportunity. Located at 2802 E Bearss Ave, Lutz, FL 33559, near the intersection of N 30th St SE, this Class B property boasts 300 parking spaces and sits on a 3.48-acre lot (151,589 sq ft). Built in 1990, the building features a 0.2 FAR and is zoned R1, County. The property's prime location offers exceptional visibility and accessibility, situated minutes from the University of South Florida and within two miles of three major medical facilities: AdventHealth Hospital Tampa, Moffitt Research Center, and James A. Haley Veterans Hospital. This high-traffic area ensures consistent customer flow, making it ideal for a variety of retail businesses. The property's single building comprises multiple suites, with a maximum contiguous space of 32,147 square feet. Property taxes are $2.14 per square foot. The APN is U-05-28-19-ZZZ-000001-25990.0, U-05-28-19-ZZZ-000001-26000.0. This is a rare opportunity to acquire a well-located retail center in a thriving Tampa submarket. No elevators are present.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU16, NMU-24, NMU-35 • Planned Development -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PD · Tampa, FLthrough 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU16, NMU-24, NMU-35 • Planned Development -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
through 4 • Ybor City - YC 1 through 8 • CBD - CBD 1 and 2 • Channel District - CD 1 and 2 • Seminole Heights - SH-RS, SH-RSA, SH-RM, SH-CG, SH-CI • Neighborhood Mixed Use - NMU16, NMU-24, NMU-35 • Planned Development -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PD in Tampa, FL.
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