Shoppes of Armenia
For sale6711-6735 N Armenia Ave, Tampa, FL 33604
Property type
Retail
Price
$2,800,000
Building size
11,415 sf
Rentable area
11,415 SF
Year built
1956
Year renovated
Occupancy
Zoning code
Lot size
0.73 Acres
CAP
5.59%
Price per SF
$245.29
Property description
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.
Property highlights
- 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).