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Property profile & analytics
FOR SALE
Retail space

6711-6735 N Armenia Ave Tampa, FL 33604

Built 1956
Property ID
US18-Q024736
Property summary
AI-generated overview

Franklin Street is pleased to present the Shoppes of Armenia, located in Tampa, Florida. The property totals 11,407 SF and is 100% leased by an excellent mix of local tenants. On the second floor there are four apartment units. Some tenants are month-to-month, while others have signed modified gross lease's with an initial term between 1-5 years with options and escalations. The main building was originally constructed in 1956 and in 1964 an additional 4,800 rentable square feet was added to the property which included 4 apartment units. Mixed Use Property totaling 11,447 SF - Includes 9,427 SF of retail on the ground floor plus 4 apartment units on the second floor Fully leased by a strong mix of tenants that serve the local community Excellent visibility with over 250 feet of frontage along N. Armenia Ave (24,500 VPD) Dense customer base with over 300,000 residents within 5 miles of the property At a hard corner with multiple access points including three on N. Armenia and one on W. Minnehaha St. Strong historical occupancy Close proximity to Bravo Supermarkets (0.3mi) Publix (1.1mi) Lowry Park Zoo (1.5mi) Neighborhood Walmart (2.1mi) Walmart Supercenter (2.8mi) Raymond James Stadium (3.8mi) Hillsborough Community College (3.9mi) International Mall (5mi) Westshore Mall (6mi) Tampa International Airport (6mi) and the University of South Florida (6.8mi).

Property profile
Verified
Property type Retail space
Year built 1956
UPID US18-Q024736
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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