13630-13632 W Hillsborough Ave - Medical FOR SALE


Tampa, FL 33635
$590,000 USD
727-482-2818
13630-13632 W Hillsborough Ave, Tampa, FL for Sale
$590,000 USD
Medical - FOR SALE
1/20
null | 8% Cap Rate

NEW


13630-13632 W Hillsborough Ave
Tampa, FL 33635


HIGHLIGHTS

  • 2,089 SF MEDICAL / PROFESSIONAL OFFICE ( TWO UNITS )
  • OWNER MAY OCCUPY | BOTH TENANTS WANTS TO STAY BUT THEIR LEASES DO NOT HAVE GAURANTEED RENEWAL
  • ADD VALUE OPPORTUNITY | NEW LANDLORD CAN CHARGE TENANTS TRIPLE NET FEES
  • TWO EXCELLENT MEDICAL TENANTS
  • UNIT 13630 WAS RENOVATED IN 2022 AND IS IN NEAR CLASS "A" CONDITION
  • PROPERTY HAS SEPARATE ELECTRIC METERS, WATER IS INCLUDED WITH HOA AND EACH UNIT HAS ITS OWN CENTRAL AC UNIT

OVERVIEW

***** DO NOT VISIT PROPERTY WITHOUT MAKING AN APPT WITH BROKER GEORGE WILLIAM OR YOU MAY BE DISQUALIFIED FROM PURCHASING THE PROPERTY PER SELLERS REQUEST******** Prime investment can either be owner/user occupied building or continue to lease to tenants. Renovated in 2022, 13630 W Hillsborough Ave is a prime medical (or professional) office building featuring two fully leased units, each occupied by established medical users—a chiropractic practice and a medical spa. The chiropractor’s lease expires in March 2025, presenting a unique owner-user opportunity to occupy half of the building, while the medical spa’s lease runs through January 2026. Both tenants would like to remain and would sign new leases, making this an excellent value-add investment. Currently, the landlord is not charging NNN fees, which is uncommon in the Tampa Bay market. By implementing NNN expenses, an investor can substantially increase NOI and maximize returns. Don't miss this rare opportunity to acquire a high-demand medical asset with strong upside potential! Located directly on Hillsborough Ave, one of Tampa Bay’s busiest commercial corridors with excellent accessibility. This high-growth area boasts a dense residential and commercial population, with over 50,000 vehicles per day passing the site. The property is just 10 minutes from Tampa International Airport, 15 minutes from Downtown Tampa, and near major retail centers, medical facilities, and affluent neighborhoods. The surrounding area features strong demographics, with a growing population and high median household income, making it an ideal location for medical and professional users. The median household income within a 5-mile radius of 13630 W Hillsborough Ave, Tampa, FL 33635 is approximately $150,000.00. This figure is significantly higher than the median household income for the state of Florida, which stands at $71,711. This income level indicates a relatively affluent community, which can be advantageous for businesses targeting higher-income clientele. The area's economic profile supports the viability of professional services, including medical practices, due to the residents' capacity for discretionary spending on health and wellness services

FOR SALE DETAILS

PRICE

$590,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

TAMPA MEDICAL | PROFESSIONAL OFFICE

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Loft/Creative Space, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CG

APN/PARCEL ID

U-19-28-17-06J-000000-01700.3

ASK ABOUT THIS PROPERTY

George WilliamGrimaldi Commercial Realty Corp.More Info
727-482-2818

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George WilliamGrimaldi Commercial Realty Corp.More Info
727-482-2818

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.