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$13,900,000

701 E Fletcher Avenue
Tampa, FL 33612

For Sale|Commercial|Active
0 Beds
0 Baths
83465 SqFt
Built in 1974
149 Days Online
$166.54/SqFt
Subdivision:
NORTH TAMPA HEIGHTS
County:
Hillsborough, FL
Call Now: 813-598-1842
Is this the home for you? We can help make it yours.
813-598-1842
701 E Fletcher Avenue701 E Fletcher Avenue701 E Fletcher Avenue701 E Fletcher Avenue
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A rare investment back on the market! This unique building offers a cap rate unseen in today’s market. Located immediately off of I-275, this prime location puts one right in the middle of everything! Less than two miles away from the University of South Florida, Moffitt Cancer Institute and the VA, The Palms Inn is comprised of a diverse population. Guests can also enjoy a short 30 minute drive to the beautiful area beaches and an hour drive to the newest happenings of Orlando. The Palms Inn, once under renovation, is now complete. New roof and re done rooms offer clean comfort to all guests. Purchase The Palms with cash and enjoy 15.6% cap rate, or purchase with a $5M down payment and use a bridge loan (9% interest; $9M finance; 3 year balloon) and yield a cash to cash investment cap rate of 27.3%!!! This gem of an investment, now with documented and verifiable income which will be released with an accepted contract won’t last long! Contact us today!

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Listing Snapshot
Price
$13,900,000
Days Online
149 Days
Bedrooms
N/A
Inside Area (SqFt)
83,465 sqft
Total Baths
N/A
Partial Baths
N/A
Lot Size
3.44 Acres
Year Built
1974
MLS Number
U8039742
Property Tax
$85,979
HOA Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
5 hours agoListing updated with changes from the MLS
5 months agoListing first seen online
Interior Features
Cooling
Wall/Window Unit(s)
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Exterior Features
Waterfront
No
Schools
School District
Unknown
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
This listing courtesy of BUXTON PROPERTIES INC

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.

Listing data comes from My Florida Regional MLS DBA Stellar MLS.
Neighborhood & Commute
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