1623 E 5th Ave, Tampa, FL 33605 listing details

About 1623 E 5th Ave, Tampa, FL 33605 Cash Generator! Unique opportunity to purchase an income generating free standing historic building that houses a popular long term and well established and tested restaurant. Only the building and property are for sale. Do not disturb the existing tenant. The sales price represents a 12% Cap Rate, and the tenant is in a long term lease and has no plans to move. The building/restaurant benefits from the loyalty of the burgeoning urban pioneer crowd moving into the South of 7th Avenue neighborhood, as well as Ybor City nightlife seekers who want a nice restaurant to start their evening. The place is packed on the weekends and has a great lunch time crowd as well. Located just South of 7th Ave, on the corner of 17th Street and 5th Avenue, the building was built in 1929 and has been updated to current codes while retaining all the charm of the era with high ceilings and tall windows and terrazzo floors. As a bonus the building has space for multiple cigar rollers who are currently operating in the building and will generate even more income for buyer. Off street parking is available and secured by the tenant. Call for more details!!!!