6620 E Dr Martin Luther King Jr BOULEVARD, Tampa, FL, 33619 | $120,001

3, 178 square feet Tampa QSR stand alone property next to I-4 interchange available immediately. Rare location opportunity at the I-4 and E Dr Martin Luther King Jr interchange, with property line access adjacent to I-4 for large billboard style signage install. This restaurant location sits on just over an acre of land with plenty of parking spaces and a drive through access. It is built out for another QSR user or a remodel to suit the new tenants needs. With three motel and hotel locations located east of I-4 next to this property, it is ideal for walkable customers. The Hard Rock Hotel & Casino and Florida State Fairgrounds are located less than half a mile from this location ideal for access off of I-4 for dining. The immediate area contains a mixture of commercial and light industrial for lunch and evening traffic. There are over 1500 residential roof tops with in one mile and over 5000 roof tops within 5 miles of this site for patron usage. With Tampa Bay's over growing economy don't miss out on an opportunity for a unique potential restaurant location before it's gone. This is a true NNN lease for tenant responsibilty. Owner may be open to sale of property or lease option to purchase.

Features

  • Property Type: Restaurant
  • Construction: Brick
  • Utilities: Public
  • Levels: 1
  • Heating: Central
  • Cooling: Central Air
  • Year Built: 1987
  • Approx Sq. Feet: 3,178
  • Acreage: 1.02
  • Est. Taxes: $13,901
  • Lease Terms: 6 + Years
  • MLS#: TB8322538
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/TB8322538/6620edrmartinlutherkingjrboulevard_tampa_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/21/2024 4:47:10 PM)
Listing courtesy of GOOD 2 GO PROPERTY, LLC   Phone: 813-530-9989

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NMLS Mortgage Loan Originator ID 16953

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6620 E Dr Martin Luther King Jr BOULEVARD, Tampa, FL, 33619

$120,001

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $96,001 $96,001 $96,001
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment $1,158 $1,158 $1,158
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $639 $638 $810
Total Monthly Payment $1,872 $1,871 $2,043

* 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.