5416 N 9th St

• High traffic corridor off I-275 and Hillsborough Ave.
• 2023 Total Population: 15,733 - 1 Mile | 139,509- 3 Mile | 328,645- 5 Mile
• In immediate proximity to public transportation
• NOI is approximately $150,000/year and is expected to increase
• Close to I-275 and I-4
• Assumable loan at 3.98% which matures in 2031
• 20 mins to MacDill AFB
• Prime investment opportunity for condo reconversion
• Consists of 16 units (8 2BR/BA and 8 1BR/1BA)
• Easy access off of Hillsborough Ave.
• Highest and best use: Residential Multi-family
• Zoned Seminole Heights Residential Multi-Family (SH-RM)
• Lot size totals 0.58 acres
• Onsite parking

Property Description

Florida Commercial Group presents an extraordinary opportunity to purchase a Commercial Investment Property that boasts two free-standing buildings totaling 12,688 sf. This site features 16 units in two 2-story buildings of 6,344 sf each. The lot size is 0.58 acre, and it is zoned SH-RM allowing for multifamily residential uses in Seminole Heights. This location would be ideal for this use Property is offered with tenants in place, for an impressive cash flow making this a great investment opportunity. SIGNAGE, FRONTAGE and EXPOSURE for this property is phenomenal. This is a mush see!! The site offers plenty of room for parking, storage, and landscaping. The subject sits 0.1-mile East of Nebraska Avenue and 0.1 miles North of Hillsborough Avenue boasting a traffic count of approximately 47,361 VTD on that intersection. This property offers easy access to Downtown Tampa, USF, Temple Terrace, Lutz, Land O’ Lakes, Town N’ Country, Carrollwood, Wesley Chapel, along with the Greater Tampa area as well as convenient access to public transportation, US Hwy 41/ Nebraska Avenue, Interstate 275, and N. Florida Avenue. This is an outstanding location featuring remarkable visibility, high traffic counts, a high-density residential population and bordered by a variety of retail and office commerce! The property is close to major travel arteries including Interstate 275 North which sits 0.2 miles West. This investment opportunity is ideal for those looking to expand their real estate portfolio in a thriving location.