(Azeele Park) S. Tampa Value-Add Investment ALF… — Sale in Tampa, FL

  • Price: $1.3M
  • Listing type: For sale
  • Asset type: Business
  • Location: Tampa, FL 33609
  • Size: 3,012 SF
  • Year built: 1953

Investment Figures

Cap rate
5.80%
Price per square foot
$423

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Rare opportunity to acquire a substantially renovated South Tampa property positioned for conversion to a boutique assisted living, senior living or congregate living residence, subject to all required City of Tampa, AHCA, fire, building and other governmental approvals.​ ​ 6-bedroom pro-forma configuration upon renovations and staffing. ​ Potential for up to 12 beds, subject to required approvals ​ 1 full ADA + 2 full + 3 half baths upon completion ​ Large commercial-style kitchen with double ovens, oversized island, extensive prep/storage space and commercial-style vent hood ​ Large common dining/great-room areas ​ Double-door side entrance and mudroom ​ Major renovations already completed or underway: electrical, plumbing, paint, stucco, landscaping, irrigation and tankless water heater ​ Large backyard with potential for resident outdoor/recreation space ​ Prime South Tampa location convenient to Tampa General/medical services, Downtown, Hyde Park, Westshore and Tampa International Airport ​ Potential owner/operator or investment opportunity This use of the property requires special use approval (S-1).​ With special use approval (S-1) and a best-use scenario, the property can be expanded to accommodate up to 12 beds.​ Based on comparable assisted living facilities in the surrounding area, the property can generate tenant space income and long-term equity gain with experienced management.​ Westshore Business District, South Tampa Florida Building SF: 3012 | Land Size: 8890.0 SF | Year Built: 1953 | Listing Type: FOR SALE

Market Context

This commercial property in Tampa, FL is listed for sale at $1,275,000 across 3,012 SF. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing commercial property assets. The building dates to 1953. It has been on the market for 2 days. Compare it against other commercial property listings for sale in Tampa, FL — view the full market.

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