|Gross Leasable Area (GLA)||7,252 Sq.Ft.|
|Price Per Square Foot (GLA)||$206|
|Lot Size||0.23 Acres|
Marcus & Millichap is pleased to present for sale Kennedy Retail Center, a stabilized four-tenant strip center in Tampa, Florida. The property fronts Kennedy Boulevard and benefits from its close proximity to downtown Tampa, the Westshore Business District, Interstate 275 and Interstate 4. Totaling 7,252 square feet, the property is 100 percent occupied with an attractive tenant mix. With low property expenses and below market rents, this is a unique opportunity for someone to increase the cash flow and add value to one of the city’s most prominent retail centers. Originally known as the Biscayne Lighting Building, this is a landmark building in the heart of South Tampa. For more than 60 years, Biscayne Lighting was the premier lighting retailer for the historic mansions and residences in Tampa. This property is one of a kind – an original Old Tampa stucco design with frontage on the busiest road in South Tampa makes this an irreplaceable asset in a high profile location. Tampa is located along the west coast of Florida near the Gulf of Mexico. Immense growth over the last few decades has caused the city of Tampa and surrounding communities to merge and become known as Tampa Bay. As of January 2017, Tampa Bay has grown to have more than 3 million residents – an increase of 6.9% within just seven years. Growth in the Tampa Bay region is attributed the warm climate, diverse employment base, tourism, and low cost of living. This Tampa Retail Center is an excellent opportunity to acquire a premier retail asset in one of the hottest markets in the United States. Florida is an attractive investment option with no state income tax.
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