Listing Summary
Prime 7,100 SF freestanding retail building for sale on W Kennedy Blvd in South Tampa for $3,500,000. Features 26+ parking spaces, major updates, & 20% down seller financing
Full Description
Rare Freestanding Commercial Real Estate Opportunity: W Kennedy Blvd, South Tampa
An exceptional commercial retail asset is available for acquisition along the highly coveted West Kennedy Boulevard corridor in South Tampa, Florida. Offered at $3,500,000, this 7,100 +/- SF standalone building provides unmatched street-front exposure, high daily traffic counts, and flexible floor space tailored for an owner-user, medical provider, or national retail tenant.
Positioned along a premier east-west thoroughfare, the property links Downtown Tampa directly to the bustling Westshore Business District. With over 26 dedicated parking spaces—a rare operational luxury for South Tampa commercial inventory—this site combines immediate operational utility with high long-term appreciation potential.
Property Highlights & Building Features
-
Asking Price: $3,500,000
-
Building Size: 7,100 SF M.O.L. (Wide-Open Layout)
-
Property Type: Standalone Retail / Commercial / Medical / Office
-
Year Built: 1951 (Extensively Modernized 2023–2026)
-
Traffic Count: ~40,000 Average Annual Daily Traffic (AADT) on W Kennedy Blvd
-
Parking Ratio: 26+ Dedicated On-Site Parking Spaces
-
Signage & Access: High-visibility LED-illuminated pylon sign, bright exterior LED lighting, rear alley dual-direction ingress/egress, and a side cargo loading door.
Key Capital Improvements & Upgrades
The property has been meticulously maintained and upgraded over the past three years, significantly minimizing near-term capital expenditure requirements:
-
Roofing: New commercial roof installed (2024) with a full material and labor warranty valid through 2034.
-
Mechanical & Electrical: Fully updated electrical boxes, modern wiring, and serviced/updated HVAC units throughout.
-
Exterior & Security: Complete exterior repaint (2026), updated windows, new professional landscaping (2026), updated parking lot surfacing, and a comprehensive security camera and alarm system.
Attractive Seller Financing Structure
To assist qualified buyers in bypassing traditional banking friction and optimizing initial leverage, the seller is offering customized seller financing terms:
-
Down Payment: 20% ($700,000)
-
Interest Rate: 6.0% Fixed
-
Payment Terms: Interest-Only (or 30-year amortization schedule)
-
Balloon Term: 5 Years
-
Estimated Initial Monthly Debt Service: As low as $14,000/month
-
Projected Cash-on-Cash Return: 15%+
By taking advantage of the low 20% down payment and interest-only payment structure, buyers can preserve crucial capital to fund interior build-outs, tenant improvements, or custom business adaptations.
Strategic Location & Market Context
Formerly home to a high-volume Anytime Fitness facility, the building features an adaptable, clear-span footprint suitable for urgent care clinics, boutique fitness centers, corporate headquarters, or national retail storefronts.
The property sits just minutes from Dale Mabry Highway, Interstate 275, Downtown Tampa, and the multi-billion-dollar Midtown Tampa development. Surrounded by national retailers, corporate offices, and affluent residential neighborhoods, this location represents a prime real estate asset in one of Florida's tightest commercial submarkets.
Quick Glance
- Listing ID:
CL-Florida-28305
- Status:
Active
- Year Build:
1951
- Building Size:
7,100 SqFt
- Lot Size:
0.33 Acr
-