$775,000
$911,911
15.0%For more information regarding the value of a property, please contact us for a free consultation.
1.23 Acres Lot
SOLD DATE : 08/13/2024
Key Details
Sold Price $775,000
Property Type Vacant Land
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Unplatted
MLS Listing ID T3370088
Sold Date 08/13/24
Construction Status Kick Out Clause
HOA Y/N No
Originating Board Stellar MLS
Annual Tax Amount $5,609
Lot Size 1.230 Acres
Acres 1.23
Lot Dimensions 136x313
Property Description
PRIME REDEVELOPMENT OPPORTUNITY! 1.23 acre lot on the NE corner of Walker Road and East Fowler Ave that is currently zoned CG – Commercial General. The lot has 136 feet of frontage on East Fowler Ave and 313 feet of frontage on Walker Road. Directly adjacent to the property lies the current ~32 acre development of Tesse Springs, which finished development in May 2022. The Tesse Springs development is a 292 multifamily apartment development project that 97% occupied. The current daily traffic count on East Fowler Ave is ~18,500 AADT. PROPERTY IS TENANT OCCUPIED ($3,000/mo month to month) - PLEASE DO NOT CONTACT TENANTS
Location Information:
Corner lot on Walker Road and East Fowler Ave. Less than 2 blocks from the Interstate 75 intersetion, less than 2 blocks from HWY 301 and is 4 miles East of the University of South Florida.
History:
9402 E Fowler Ave has operated as a gun range for the past ~26 years. Currently the property is occupied by a tenant who has continued using it as a gun range. Adjacent to the property, where the current Tesse Springs development is used to be the Big Top Flea Market. BTFM opened in 1990 and was bought in 2020 by the current development. Prior to the flea market that land used to be occupied by the Golden Gate Speedway that was built in 1962. 9402 E Fowler Ave has always been a property with great visibility and will continue to be just that for the new owner.
Features:
In 1996 the owner put in the main structure for the gun range, a 1,620 Sq Ft Metal Building. In 2015 and Outdoor Classroom/ Shed was built. The property has a well and the utilities are purview to the City of Temp. Terrace. There is signage directly on East Fowler Ave and entrances to the property from each road, East Fowler Ave and Walker Road. Property is in Flood Zone X.
Zoning:
The purpose of CG- Commercial General is to provide for a variety of retail and service uses in free-standing buildings or shopping centers to serve the community's general commercial needs. This district shall only be applied at appropriate locations to conveniently meet the needs of the community in conformance with the goals, objectives, and policies of the Comprehensive Plan; where it will not adversely impact the facilities and services of the County; and where it will not set a precedent for the introduction of inappropriate uses in the area.
Traffic Count:
Average Annual Daily Traffic Counts:
East Fowler at the site = 18,500
I-75 at East Fowler = 128,500
East Fowler west of I-75 = 46,500
Folio:
060057-0000
Location
State FL
County Hillsborough
Community Unplatted
Zoning CG
Exterior
Utilities Available Public
Building
Lot Description Corner Lot, City Limits
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Well
Construction Status Kick Out Clause
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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11923 Oak Trail Way, Richey, Florida, 34668, United States