7507 N Armenia Ave, Tampa, FL 33604 — MLS photo

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7507 N Armenia Ave, Tampa, FL 33604

Active · Business

$1,675,000

7507 N Armenia Ave, Tampa, FL 33604

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1969
Lot size
18,401 sq ft
HOA fee
—
Annual tax
—

About this property

Rare opportunity for an owner-operator or investor to acquire a turnkey commercial (CG) restaurant in a high-growth Tampa submarket. Beautifully remodeled, this freestanding asset is uniquely structured for immediate income or a rapid launch, thanks to a 90-day lease termination clause upon sale. The highly functional layout features a spacious, tiled dining area, a fully equipped commercial kitchen, walk-in freezer & cooler, reception counter, beverage/dessert stations, office space, & 3 restrooms. Outside, the property boasts low-maintenance landscaping, outdoor seating, and a welcoming waiting area. Perfect for a flagship concept, event venue, or quick-service drive-thru expansion. Freestanding Corner-Lot: High-visibility Tampa location with ample paved parking. Turnkey Asset: Sale includes building, land, commercial kitchen equipment, & seating. 4COP SRX License: Allowed for full liquor service on-premise. 157+ Approved Seats: Ideal for high-volume dining & private events (weddings, banquets). Drive-Thru Window: Built-in capability for immediate secondary revenue. Recently Remodeled: Upgraded interior finishes & newer high-efficiency A/C system. Modified Gross Lease: Tenant pays insurance/maintenance; Landlord pays RE taxes. Owner-User Flexibility: Current lease may be terminated with 90 days’ notice upon sale. Prime Location: Central footprint with rapid access to major highways.

Property location

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7507 N Armenia Ave, Tampa, FL 33604

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
Business
Year built
1969
Lot size
18,401 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Hillsborough
MLS listing ID
A12025167
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$3,278

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$7,940/mo
Down payment
$418,750
Loan amount
$1,256,250
Annual NOI
$55,950

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.