Technical
Financial
Distress signals
Property profile

702 Columbus Dr Tampa, FL 33602

OFF-MARKET
Retail space
Property ID
US18-1036595
7,100 SF 0.51 ac lot Built 1947
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity is located in the highly sought-after Riverwalk district of Tampa, Florida, within Hillsborough County. The Landing at Riverwalk - Phase 1 offers two available commercial spaces totaling 2,404 square feet, currently 100% vacant and ready for immediate occupancy. This new luxury mixed-use development boasts a prime location next to popular establishments such as Woven Water Brewing Company, and a short distance from Sprouts and the bustling Armature Works. The building is part of a thriving area experiencing significant growth, situated in one of the nation's top 10 fastest-growing counties. The property features a first-floor parking garage for convenient access. The upper floors house eight upscale apartments, ranging from 700 to 939 square feet, adding to the vibrant atmosphere of the development. This is an unparalleled chance to establish a presence in a rapidly expanding and highly desirable Tampa neighborhood. Projected completion and possession are slated for Q2 2025. The property is classified as retail commercial with multiple tenancy options. The address is 702 W Columbus Dr, Tampa, FL 33602.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,100 SF
Lot 0.51 ac (22,080 SF)
Zoning code CG
APN A1429184S0A00000000010
UPID US18-1036595

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
  • Apartment Complex
  • Painting Service General Contractor

Location

702 Columbus Dr Tampa, FL 33602-1214
Tampa metro Census 4200 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.53M
CAP Approach CAP
$1.30M
Comparable Approach Comparable
$1.83M
Blend (final) Blend
$1.37M

Owner & transaction history

since 2023
Last sale
$2.0M
7 recorded transactions
2023
$2.0M
2022
$1.2M
2021
Price N/A
2019
Price N/A
2018
$1.2M
2015
Price N/A
2015
$300,000

Zoning & alternative use

CG · Tampa, FL
Zoning description

as allowed by the code. Categories of zoning districts • Single family - RS-150, RS-100, RS-75, RS-60, RS-50 • Multiple family - RM-75, RM-50, RM-24, RM-18, RM-16, RM-12 • Office - RO, RO-1, OP , OP-1 • Commercial - CI,…

General category COMMERCIAL
Top alternative use upside
Apartment house (5+ units) $2.6M +65.2%
Medical building $1.9M +21.8%
Neighborhood: shopping center $1.8M +17.2%

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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