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2320 W Linebaugh Avenue, Tampa, FL 33609
FOREST HILLS RETAIL CENTER
RETAIL FOR SALE
PROPERTY OVERVIEWGreat Opportunity to invest in a neighborhood retail center located at2320 West Linebaugh Avenue. The center is centrally located in theTampa in the Forrest Hills neighborhood. The center is on WestLinebaugh which gives it great visibility. There is a new roof on thebuilding. The owner is offering financing on the property.
PROPERTY FEATURESIncome producing retail center
Long-term tenants
Neighborhood center
Owner financing
SALE PRICE: $550,000
CAP RATE: 8.31%
NOI: $45,686
LOT SIZE: 0.54 Acres
BUILDING SIZE: 7,658 SF
YEAR BUILT: 1961
ZONING: CG
TRAFFIC COUNT: 11,200
KW COMMERCIAL1208 E. Kennedy Blvd, Suite 232Tampa, FL 33602
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
DAVID KINNARDCommercial Real Estate Agent0 813.865.0700C [email protected]
KW COMMERCIAL1208 E. Kennedy Blvd, Suite 232Tampa, FL 33602
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
DAVID KINNARDCommercial Real Estate Agent0 813.865.0700C [email protected]
2320 W Linebaugh Avenue, Tampa, FL 33609
FOREST HILLS RETAIL CENTER
RETAIL FOR SALE
KW COMMERCIAL1208 E. Kennedy Blvd, Suite 232Tampa, FL 33602
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
DAVID KINNARDCommercial Real Estate Agent0 813.865.0700C [email protected]
2320 W Linebaugh Avenue, Tampa, FL 33609
FOREST HILLS RETAIL CENTER
RETAIL FOR SALE
KW COMMERCIAL1208 E. Kennedy Blvd, Suite 232Tampa, FL 33602
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
DAVID KINNARDCommercial Real Estate Agent0 813.865.0700C [email protected]
* Demographic data derived from 2010 US Census
2320 W Linebaugh Avenue, Tampa, FL 33609
FOREST HILLS RETAIL CENTER
RETAIL FOR SALE
ETHNICITY 1 MILE 3 MILES 5 MILES
% HISPANIC 31.6% 36.4% 34.4%
RACE 1 MILE 3 MILES 5 MILES
% WHITE 81.9% 74.0% 70.0%
% BLACK 10.1% 16.9% 20.5%
% ASIAN 3.9% 2.8% 2.5%
% HAWAIIAN 0.1% 0.1% 0.1%
% INDIAN 0.2% 0.4% 0.7%
% OTHER 1.3% 3.2% 3.8%
POPULATION 1 MILE 3 MILES 5 MILES
TOTAL POPULATION 12,764 121,812 308,177
MEDIAN AGE 35.9 36.2 35.9
MEDIAN AGE (MALE) 36.5 35.2 34.7
MEDIAN AGE (FEMALE) 36.5 37.4 37.3
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
TOTAL HOUSEHOLDS 5,113 47,937 121,793
# OF PERSONS PER HH 2.5 2.5 2.5
AVERAGE HH INCOME $65,079 $53,850 $52,775
AVERAGE HOUSE VALUE $267,883 $218,809 $199,997
2320 W Linebaugh Avenue, Tampa, FL 33609
FOREST HILLS RETAIL CENTER
RETAIL FOR SALE
TENANTNAME
UNITNUMBER
LEASESTART
LEASEEND
MARKETRENT
ANNUALRENT
Dry Cleaner 6/30/2021 $1,800 $21,600
Salon 6/30/2021 $1,000 $12,000
CPA 6/30/2021 $1,000 $12,000
Office Rental 6/30/2020 $1,000 $12,000
Church 6/30/2020 $1,100 $13,200
TOTALS/AVERAGES $5,900 $70,800
KW COMMERCIAL1208 E. Kennedy Blvd, Suite 232Tampa, FL 33602
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
DAVID KINNARDCommercial Real Estate Agent0 813.865.0700C [email protected]
INCOME SUMMARY PER SF
Gross Potential Income $70,800 $9.25
Vacancy (5%) -$3,540 -$0.46
GROSS INCOME $67,260 $8.78
EXPENSE SUMMARY PER SF
A/C $2,500 $0.33
A/C Repair $517 $0.07
Building Insurance $4,203 $0.55
Electirc $685 $0.09
Labor Repair $2,100 $0.27
Lawn $840 $0.11
Locksmith $150 $0.02
Plumbing $1,565 $0.20
Property Tax $5,787 $0.76
Supplies $1,008 $0.13
Water $2,219 $0.29
GROSS EXPENSES $21,574 $2.82
NET OPERATING INCOME $45,686 $5.97
2320 W Linebaugh Avenue, Tampa, FL 33609
FOREST HILLS RETAIL CENTER
RETAIL FOR SALE
KW COMMERCIAL1208 E. Kennedy Blvd, Suite 232Tampa, FL 33602
www.kwcommercial.com
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
DAVID KINNARDCommercial Real Estate Agent0 813.865.0700C [email protected]
