0.23 ac W/ Billboard already leased thru 2034

Vacant Land for Sale
Catylist Listing ID: 30642945
Gross Land Area: 0.23 Acres
Sale Price: See Agent
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/4/2020

Overview / Comments

PROPERTY DESCRIPTION - The opportunity is to purchase a parcel of land that generates approximately $50,000 per year in income based on a lease with Clear Channel Outdoor lease. The lease goes through 2034 with a rental rate of 15% of the revenue with a floor of $30,000 per year. Clear Channel recently improved this billboard to an LED digital board on one side with a static board on the south side. In 2014 they renewed the lease for an additional 20 years. I-275 has over 143,500 cars a day driving by this billboard on the way into downtown Tampa.

LOCATION DESCRIPTION = The billboard is located at 11300 N. Central Avenue in Tampa, FL. It is on the west side of I-275, just south of Fowler Avenue.

PROPERTY SIZE - 0.23 Acres

ZONING - RO-1

PARCEL ID - 094933-0000

PRICE- Call for Details

TRAILING 3-YEAR NET OPERATING INCOME - $50,954.33

ALL OFFERS DUE BY SEPTEMBER 10TH @ 5:00 PM

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: 182813ZZZ000005354000A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,202 155,324 330,375
Median Age: 36.42 34.26 35.62
Households: 6,896 61,909 132,496

Contact

Photograph of Listing Agent

William A. Eshenbaugh

Eshenbaugh Land Company CE-FL Member
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