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Palm River Manufacturing Building for Sale 2032 S 51st St

17,263 SF Industrial Building Tampa, FL 33619 $3,750,000 ($217/SF) 8% Cap Rate

Executive Summary

Excellent Investment Opportunity!!!
Net Operating Income: $300,000/year
Cap Rate: 8%
Roll Up Doors: 6 – 20’W x 14’W Grade Level doors
Building Size: 16,320 SF Free Standing Building
Additional 700 SF office trailer
Outside Storage
Large Fenced 3-acre Yard
Clear Heights: 16’ +/-
Power: 800 Amps Total (Multiple Meters)
Zoning: M/Manufacturing
Future Land Use: Suburban Mixed Use-6 (.35 FAR)
Utilities: Well (County Water nearby)/Septic ~ Electric: Tampa Electric
Construction: Metal
This is a great opportunity to own a cash flowing investment property. This Manufacturing zoned industrial property is located in the Palm River submarket and offers an excellent investment income. Situated just off of US 41/aka 50th St this versatile industrial property is perfect for any investor looking for a great location with lots of outside storage.
•Convenient location near Port Tampa Bay this location is near arterial roads/highways Interstate 75, Interstate 4, Adamo Dr and the Leroy Selmon Expressway.
•Size and Layout: This is a multi-metered building allowing several different configurations with a large fenced yard for outside storage, ready for customization to suit your business needs.
•Accessibility: Adjacent to CSX Railway line this property features convenient access to public transportation and ample parking options for both employees and clients.
•Amenities: This building features 16' clear heights, three phase power available at pole, LED lighting, new 4 x 200-amp electrical services from multiple meters, large roll up doors at both ends of the building providing drive through options.
•Upon sale: Owner would consider a Sale/Lease back post closing on a long-term lease (5 years with a 5-year option).

This industrial property is perfect choice for any someone looking for a cash flowing industrial property in Florida.

Property Facts

Price $3,750,000
Price Per SF $217
Sale Type Investment or Owner User
Cap Rate 8%
Sale Conditions Sale Leaseback
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Manufacturing
Building Class C
Lot Size 2.96 AC
Rentable Building Area 17,263 SF
No. Stories 1
Year Built 1965
Parking Ratio 0.58/1,000 SF
Clear Ceiling Height 16 FT
No. Drive In / Grade-Level Doors 6

Utilities

  • Lighting - LED
  • Sewer - Septic Field

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
U-27-29-19-1PV-000000-00040.0
Land Assessment
$675,274
Improvements Assessment
$185,499
Total Assessment
$860,773

zoning

Zoning Code M
M
  • Listing ID: 33208299

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 2032 S 51st St, Tampa, FL 33619

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