$1,975,000
$2,299,999
14.1%For more information regarding the value of a property, please contact us for a free consultation.
4,388 SqFt
SOLD DATE : 12/20/2023
Key Details
Sold Price $1,975,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,388 sqft
Price per Sqft $450
MLS Listing ID U8163081
Sold Date 12/20/23
HOA Y/N No
Originating Board Stellar MLS
Year Built 1983
Annual Tax Amount $14,481
Lot Size 1.130 Acres
Acres 1.13
Property Description
The subject property is located on a corridor with an average daily traffic count of over 50,000 and 1.13 acres makes this investment a unique value-add opportunity. Major National Tenants in the immediate vicinity include Walmart, Home Depot, Dollar General, Big Lots, ALDI, CVS Pharmacy, McDonald’s, Burger King, Wawa, Bank of America, Dunkin’ Donuts, Advance Auto Parts, Panera Bread, Sherwin’ Williams, O’Reilly Auto Parts and others.
The future land use of this property is Community Mixed Use 35 (CMU-35).? This designation provides for horizontal and vertical mixed-use development and single-use commercial and residential development that includes Retail, service, office, and Residential uses (by either density or floor area ratio), Gathering places such as a plaza, courtyard, or park; Compatible public, quasi-public, and special uses; and Development should include a mix of non- residential and residential uses with more intense development near major intersections.
This area is set to transform in the next 5 years due to the billion dollar plus development “Rithm at Uptown” which will be a 100 plus acre urban neighborhood development that will have residents, restaurants, shops and burgeoning technology and science companies.
Near to the expansion of the Tourist Site for Yuengling Brewery Company's Campus Expansion in Tampa Florida.
Strong Drivers Nearby: Tampa International Airport, Downtown Tampa, strong student basis from the University of South Florida and University of Tampa, University Mall and local attractions like Busch Gardens, and professional sporting venues for the Tampa Bay Buccaneers and the Tampa Bay Lightning. Fully signalized intersection.
Investment Highlights
50,500 average daily traffic count
1.13 acres
Future Land Use: Community Mixed Use 35
4 blocks from Busch Gardens
Fully signalized intersection
Strong Market with Growing Demographics
Future Land Use Maximum Density 35.0 Units/Net Acre
Maximum 2 FAR
Location
State FL
County Hillsborough
Interior
Cooling Central Air
Building
Foundation Slab
Lot Size Range 1 to less than 2
Structure Type Block
New Construction false
Others
Ownership Corporation
Special Listing Condition None
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Bought with JAY ALAN REAL ESTATE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
11923 Oak Trail Way, Richey, Florida, 34668, United States