Free Standing Retail with 4 Apartments | 13642 N Florida Ave
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Free Standing Retail with 4 Apartments 13642 N Florida Ave
3,280 SF 50% Leased Retail Building Tampa, FL 33613 $1,335,899 CAD ($407 CAD/SF)
Investment Highlights
- Owner User Free Standing Retail or Office with multi-family income
- Logistically Excellent
- Potential to purchase floral business inventory and customer database
- Investment Value Add Property
- Retail Renovations 2007 included new roof and new AC
Executive Summary
This unique mixed-use property presents a rare opportunity for investors seeking passive income or owner-users who can operate a business while benefiting from rental income. Situated on a prominent 0.44-acre corner lot, this asset combines a thriving commercial building with four residential rental units, offering immediate income potential.
1,888 SF (gross 2,451 SF), currently home to a well-established florist with decades of success. (retiring upon the sale)
Frontage: 78 feet on Florida Ave and 86 feet on 138th Ave, ensuring excellent visibility.
Zoning: CN (Commercial Neighborhood), allowing for various business uses.
Recent upgrades (2007): New roof, HVAC system, interior build-out, and enhancements.
Features include a tall pylon sign, black awnings, covered walkways, and an exterior walk-in cooler (8x14 feet, koolbot-cooled, no compressor needed). Additional storage: Two exterior sheds and a garden buffer separating the commercial building from residential units.
Property Taxes approx $7,300 (for entire property including rentals), $1,000 Insurance premium, $2,580 waste/water
Parking Ratio: 5.3
Residential Rentals: 4 units generating $31,500 annual gross income, with tenants on month-to-month leases paying their own electric.
Units include:
One concrete block duplex (744 SF)
Two concrete block "tiny homes" (324 SF each)
All units are 1-bedroom, 1-bath, appealing to long-term renters.
Prime corner position with high traffic on Florida Ave, one of Tampa’s main commercial corridors.
Convenient proximity to major destinations w/ approx: 16 miles to Tampa International Airport, 2.5 miles to USF Tampa Campus, 7 miles to Avila Golf & Country Club, 19 miles to Amalie Arena in Downtown Tampa, 33 miles to Clearwater Beach, 7 miles north to County Line Road/Pasco County.
This property offers dual revenue streams with strong income potential: Investors: Benefit from steady rental income while leveraging the prime commercial space for future tenant upgrades or increased rent potential. Owner-Users: Operate a business in the beautifully updated commercial building while enjoying passive income from the four residential units.
With its corner location, strong tenant history, and blend of commercial and residential components, this property is ideal for maximizing both usability and income.
Contact Yellowtail Realty Advisors, exclusive brokerage representing the seller.
1,888 SF (gross 2,451 SF), currently home to a well-established florist with decades of success. (retiring upon the sale)
Frontage: 78 feet on Florida Ave and 86 feet on 138th Ave, ensuring excellent visibility.
Zoning: CN (Commercial Neighborhood), allowing for various business uses.
Recent upgrades (2007): New roof, HVAC system, interior build-out, and enhancements.
Features include a tall pylon sign, black awnings, covered walkways, and an exterior walk-in cooler (8x14 feet, koolbot-cooled, no compressor needed). Additional storage: Two exterior sheds and a garden buffer separating the commercial building from residential units.
Property Taxes approx $7,300 (for entire property including rentals), $1,000 Insurance premium, $2,580 waste/water
Parking Ratio: 5.3
Residential Rentals: 4 units generating $31,500 annual gross income, with tenants on month-to-month leases paying their own electric.
Units include:
One concrete block duplex (744 SF)
Two concrete block "tiny homes" (324 SF each)
All units are 1-bedroom, 1-bath, appealing to long-term renters.
Prime corner position with high traffic on Florida Ave, one of Tampa’s main commercial corridors.
Convenient proximity to major destinations w/ approx: 16 miles to Tampa International Airport, 2.5 miles to USF Tampa Campus, 7 miles to Avila Golf & Country Club, 19 miles to Amalie Arena in Downtown Tampa, 33 miles to Clearwater Beach, 7 miles north to County Line Road/Pasco County.
This property offers dual revenue streams with strong income potential: Investors: Benefit from steady rental income while leveraging the prime commercial space for future tenant upgrades or increased rent potential. Owner-Users: Operate a business in the beautifully updated commercial building while enjoying passive income from the four residential units.
With its corner location, strong tenant history, and blend of commercial and residential components, this property is ideal for maximizing both usability and income.
Contact Yellowtail Realty Advisors, exclusive brokerage representing the seller.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,280 SF
Building Class
C
Year Built/Renovated
1933/2007
Price
$1,335,899 CAD
Price Per SF
$407 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.44 AC
Zoning
CN - Commercial Neighborhood
Parking
10 Spaces (5.3 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | U-01-28-18-0TD-000009-00001.0 | Improvements Assessment | $271,129 CAD |
| Land Assessment | $371,262 CAD | Total Assessment | $642,390 CAD |
PROPERTY TAXES
Parcel Number
U-01-28-18-0TD-000009-00001.0
Land Assessment
$371,262 CAD
Improvements Assessment
$271,129 CAD
Total Assessment
$642,390 CAD
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Free Standing Retail with 4 Apartments | 13642 N Florida Ave
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