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Retail Bank Portfolio

5 Retail Properties in Multiple Locations

Investment Highlights

  • Acquire former Wells Fargo banking facilities throughout Florida in key commercial corridors boasting significant economic growth and visibility.
  • Sales include a seamless 60-day due diligence period and a 30-day closing, with all cash offers with no contingencies.
  • Benefit from proximity to residential neighborhoods, commercial centers, and universities, ensuring a steady stream of local clientele.
  • Florida's booming economy continues to drive an increase in consumer spending and employment, making this a strategic investment opportunity.

Executive Summary

Explore an exceptional investment opportunity with an exclusive portfolio of former Wells Fargo banking properties in Florida. This collection currently features two prime locations, with more expected to be added soon.

4949 Ridgemoor Boulevard in Palm Harbor offers a 3,445-square-foot facility on a generous 1.44-acre parcel within a thriving in-fill area. Adjacent to the Publix Neighborhood Center and directly across from Starbucks, it provides excellent visibility and accessibility. The property, constructed in 2004, is surrounded by homes valued at up to $1 million and benefits from its proximity to Eastlake High School. The sale includes a 60-day due diligence period and a 30-day closing, with no financial users for the past 24 months. All cash offers are welcomed with no contingencies.

5880 E Fowler Avenue in Tampa is a 2,700-square-foot building on a 1.73-acre parcel along a key thoroughfare. This move-in-ready space is ideally positioned within a high-traffic retail hub near the University of South Florida, benefiting from 61,500 daily vehicles and multiple access points. Its large parcel size and prime location make it an attractive option for any business looking to capitalize on significant foot traffic and sales potential.

7700 Seminole Boulevard in Seminole is a 29,969-square-foot property occupying 0.46 acres at a prominent, signalized corner. Surrounded by high-profile tenants like Aldi, The Home Depot, and Sprouts Farmers Market, the site benefits from significant visibility, with approximately 41,000 vehicles passing daily on US Hwy 19. With its strategic location, it is ideally suited for redevelopment.

7931 Gunn Highway is situated in Tampa's vibrant Citrus Park area and offers 3,276 square feet along a well-traveled thoroughfare. This location features shared ingress and egress with the Shoppes of Citrus Park, adjacent to Publix and Walgreens, and is directly across from Sickles High School, providing steady local traffic and footfall potential.

2307 Del Prado Boulevard S in Cape Coral is a 3,177-square-foot site positioned along a major thoroughfare with a high daily traffic count of 54,000. Surrounded by national tenants like Aldi and Esporta Fitness and in a densely populated area with 192,898 residents within a 5-mile radius, this site is also recommended for redevelopment.

Whether you are interested in a single property or wish to acquire a collection of these vacant, turnkey bank facilities, this is a unique chance to secure assets in some of Florida's most dynamic commercial markets with incredible growth potential.

Sale Flyer

Property Facts

Sale Conditions Bulk/Portfolio Sale
Sale Type Investment
Status Active
Number of Properties 5
Individually For Sale 2
Total Building Size 42,567 SF
Total Land Area 5.43 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
5880 E Fowler Ave, Tampa, FL 33617 Retail 2,700 SF 1979 $2,400,000
7931 Gunn Hwy, Tampa, FL 33626 Retail 3,276 SF 2001 -
7700 Seminole Blvd, Seminole, FL 33772 Retail 29,969 SF 1962 -
2307 Del Prado Blvd S, Cape Coral, FL 33990 Retail 3,177 SF 1979 -
4949 Ridgemoor Blvd, Palm Harbor, FL 34685 Retail 3,445 SF 2004 -
Show More > < Show Less

Sale Advisor

Sale Advisor

(941) 228-2198
Contact
Paul Rutledge, Senior Broker Associate
(941) 228-2198
Contact
Paul Rutledge joined the ranks of LQ Commercial in Spring 2024, bringing 35 years of highly visible brokerage and marketing ingenuity to the Tampa team.

He arrives, poised to revolutionize retail, through exemplary service and resources. With LQ, he adds an entrepreneurial boost of creativity and nimble decision-making.

His pedigree sparkles with marquees operators who run the retail gamut – Publix, Bealls, Home Depot, Lowe’s, Ross, TJ Maxx, Wells Fargo, Panera Bread, Chili’s, Starbucks…

Key leasing endeavors include the 185,705 SF, $20M “City Centre” redevelopment in Winter Haven and the $100M, 1M SF “Pompano Citi Centre” open-air mall in South FL.

While he deftly shepherds through site selections, development and large-scale leasing, as well as portfolio acquisitions / dispositions, his client-centrism is prefaced by a down-to-earth personality.

Prior to joining LQ, Paul served as Senior Vice President of JLL and First Vice President at CBRE. His industry roots stem even further as former Chief Operating Officer at Casto, and Partner of Trammell Crow.

A proud USF “Bull” and dedicated patron to communal outreach, Paul’s philanthropy extends from his Manatee-County home base to beyond the U.S.

He is a charter member of the non-profit group “Palmetto Society” for the Arts, Culture, History and Education. He is also actively engaged in development work in the Dominican Republic.

Paul is a leader on all fronts, serving on the Manatee County Board and with the International Council of Shopping Centers (ICSC).

For this exemplary leadership (and commitment to community engagement), Paul was invited to join the ranks of Phi Beta Sigma fraternity’s Tampa Chapter, a prestigious brotherhood upholding service and cultural awareness.
  • Listing ID: 32630139

  • Date on Market: 7/30/2024

  • Last Updated:

  • Address: Retail Bank Portfolio, Tampa, FL

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