1811 E 23rd Ave

Investment Highlights

Great location Excellent in-store amenities such as lottery, beer, ATM

Executive Summary

Situated close to Ybor City and with easy access to both I-4 and I-275 this property is ideally located with plenty of residential housing around it, much of it recently updated or renovated. THIS listing appears to be in an Opportunity Zone (number 12057003200), which could mean tax savings...This free-standing retail store is situated centrally for the nearby residents and is verypopular. The tenant has a long history operating these convenience stores and hasprovided a wide range of facilities to his customers including an ATM, Lottery, coffee, wine,beer, and a wide range of foods, snacks, and soft drinks. The store is clean and well run.The tenant plans to extend his lease which will provide the buyer with a solid income forthe foreseeable future.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    1,422
• Building Class    C
• Year Built    1950
• Price    560,000
• Price Per SF    394
• Cap Rate    6
• NOI    33,600
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.36
• Land Acres    0.09 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.