South Cedar Real Estate is pleased to present the sale of a newly repositioned NNN retail asset located at 418 N. Dale Mabry Highway in Tampa, Florida. This property has recently undergone a comprehensive exterior and site transformation, creating a modernized retail investment positioned for long-term performance along one of… Read More Tampa’s most heavily traveled corridors, benefiting from traffic counts exceeding 46,000 vehicles per day.
Recent capital improvements include a complete façade renovation, new roof installation, stucco restoration, new awnings, upgraded landscaping, an updated monument sign with LED lighting, and the repaving of both parking lots. Additional site enhancements include the creation of new parking spaces within the right-of-way and the installation of a concrete slab over the existing retention pond, significantly improving the functionality and usability of the property.
The asset is currently occupied by two tenants, Divers Direct and Encore Imaging, both operating under NNN lease structures that provide stable in-place income with minimal landlord responsibilities. The recent renovations and tenant occupancy position the property as a stabilized, low-management investment opportunity within a highly visible and well-trafficked retail corridor.
Strategically located along North Dale Mabry Highway, the property benefits from exceptional accessibility, strong surrounding demographics, and proximity to a dense concentration of retail, dining, and residential development. This offering presents investors with the opportunity to acquire a fully repositioned retail asset in one of Tampa’s most established commercial corridors, with continued long-term upside and durable tenant demand. Read Less
Courtesy of SOUTH CEDAR REAL ESTATE, INC 813-374-7907
Listing Snapshot
Days Online
1
Last Updated
Property Type
Retail
Square Ft.
13,000
Lot Size
0.68 Acres
Year Built
1987
MLS Number
TB8515732
Additional Details
Property Access
Frontage Type: Highway, Road Surface: Asphalt
Building
Built in 1987, Living area: 13000, Living area units: Square Feet, 1 storey, Construction Materials: Block
Cooling
Central Air
Foundation
Slab
Income
Net Operating Income: $391,992
Lot
0.68 acres
Taxes
Additional parcels description:, Parcel Number: A-21-29-18-3LG-000020-00007.0, Public Survey Range: 18, Public Survey Section: 21, Annual Amount: $62,894, Tax Block: 20, Tax Book Number: 23-21, Legal Description: BROADMOOR PARK REVISED PLAT LOTS 7 8 9 10 AND 11 AND W 27.86 FT OF LOT 12 AND N 1/2 OF CLOSED ALLEY ABUTTING ON S BLOCK 20, Lot: 12, Year: 2025, Zoning: PD
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