Investment Property - Two Commercial Buildings side by side near I-275 interchange at Himes Ave:
Commercial Investment with 7% CAP Rate!
Two Commercial Buildings side by side plus a dedicated parking lot : The 1st building is a 7,271 sq. ft. Multi-tenant, 2-story office building located on N. Himes Ave. The Multi-tenant building has five office stalls from 1200 sf to 2000 sf and all units are rented. Two offices are on month to month with room to raise the rent either to existing tenant or new tenants.
The 2nd building sits directly behind the Himes Blvd Office Bldg. on Arch Street. The 2nd building is a single tenant, 2-story steel frame construction office/warehouse which is rented to a single tenant. The office component of the 2nd Arch street building is 3,808 sq. ft. with the warehouse making up 1,844 sq. ft. or a total of 5,652 sq. ft. Combined parcel size that includes both buildings and the parking lot is 104' x 291' .
There is a separate detached parking lot behind the Arch Street building. The detached parking lot serves as overflow parking for the Himes Blvd. Total parking for both buildings is 35 paved spaces. There are two tenants ( 1200 & 1600 sf) on a month to month basis in the Himes Office. It is possible for an owner user to cover his mortgage payment with rent income. Seller Financing is a possibility with significant down payment.
The price for this investment combo is $1,300,000.00
Dale Mabry Interchange west bound is ¼ mile from this office location. Location provides easy access to Pinellas and East Tampa. South Tampa is three minutes to the south. Downtown, Tampa is 5 minutes to the east. Tampa International Airport is 5 minutes to the west.