Unlock the potential of 7522 N Armenia Avenue, a versatile commercial property located in a high-traffic area of Tampa. This property offers excellent visibility and functionality, making it a valuable opportunity for entrepreneurs and investors with a vision for growth.
Currently, the property operates as Lulu’s Market, a convenience store serving the local community.
Property Features:
Functional interior layout:
Display walk-in freezer with glass doors, ideal for cold storage and product displays.
Two restrooms for customer and staff convenience.
Storage spaces to keep business operations organized.
Office space for administrative needs.
A small kitchen area, suitable for light food preparation or storage (no commercial hood system)
Outdoor area: A flexible outdoor space that can be used for seating, events, or expanded operations.
Detached storage building: Located at the rear of the property, currently used for storage but versatile for other purposes such as a workshop, additional office space, or extended operations.
Ample parking:
On-site parking with nearly 20 spots for customers and staff.
A dedicated back lot currently used for U-Haul parking, providing steady income or flexibility for other uses.
Endless Opportunities:
This property provides a blank canvas for creative business or development ideas. Potential opportunities include (Examples):
Continuing the convenience store: Maintain the existing business and leverage the established customer base.
Outdoor/indoor hookah bar or café: Transform the space into a vibrant social hub.
U-Haul income stream: Retain the U-Haul parking for consistent passive income.
Redevelopment potential: Consider demolishing the current structure to develop a new project.
Or any other creative development aligned with the area’s needs and zoning regulations
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $837 | $837 | $837 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,783 | $7,684 | $10,619 |
Total Monthly Payment | $8,745 | $8,646 | $11,581 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.