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3418 Cherokee Ave Tampa, FL 33611-3916

OFF-MARKET Grocery and convenience stores Google Maps
1,584 SF 0.12 ac lot Built 1952
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$265k
Range $239k – $292k (±10%)
Property ID US18-1435037

Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving convenience store located at 3418 W Cherokee Ave, Tampa, FL 33611, in Hillsborough County. The property boasts 1,320 square feet of retail space, currently operating as a successful convenience store, and is offered for sale at $1,500,000. This represents a price per square foot of $1,136.36, reflecting the strong potential for return on investment. The sale is a sale/leaseback opportunity, providing immediate income potential for the buyer. The property's prime location in Tampa ensures high visibility and consistent customer traffic. A significant advantage is the inclusion of a neighboring house, also part of the $1.5 million asking price, offering additional potential for development or rental income. This combined property presents a unique opportunity to acquire a well-established business with significant upside potential. The property is being sold directly by the owner, streamlining the transaction process. Detailed financial information is available upon request. This is a rare chance to acquire a turnkey convenience store operation with substantial added value. Don't miss this chance to secure a profitable investment in a desirable Tampa location.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1952
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,584 SF
Lot 0.12 ac (5,050 SF)
Zoning code PD
APN A1030183ZR000011000110
UPID US18-1435037

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market
  • Postal Service Courier Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2020
4 recorded transactions
2020
Price N/A
2015
$140,000
2001
$130,000
2001
$90,000

Zoning & alternative use

PD · Tampa, FL
Zoning description

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 -…

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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