1610 State Road 60Valrico, FL 33594

Property Details for 1610 State Road 60

Lot size

2.98 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 2.98-acre commercial land parcel presents a compelling redevelopment opportunity in Valrico, Florida, within the Tampa MSA. Currently zoned CG, with a future land use designation of R-9 (refer to page 4 of the offering memorandum for details), this property boasts significant income potential. The site generates substantial annual income, approximately $246,000, from existing mobile home park occupants. Strategically located on State Road 60, the property enjoys 122 feet of direct frontage, providing exposure to a daily traffic count of 63,000 vehicles. Its prime location within a dense retail corridor places it in close proximity to major national retailers including Home Depot, Walmart, Lowe's, Publix, Aldi, Chick-fil-A, and more. The bustling Westfield Brandon Shopping Mall and Interstate 75 are conveniently located just four miles west. Furthermore, this property benefits from its proximity to Downtown Tampa (22-minute drive) and Tampa International Airport (35-minute drive). The surrounding area boasts a population of nearly 200,000 within a five-mile radius. The asking price is $1,900,000, representing a land value of $637,583 per acre, with a pro-forma NOI of $150,465 and a pro-forma cap rate of 7.92%. This is an exceptional opportunity to capitalize on the strong demographics and high-traffic location of this prime commercial property in a tax-free state. The property's current income stream provides a significant advantage for potential investors.

Location Insight

City

Valrico

County

Hillsborough

State

Florida

Latitude

27.9379

Longitude

-82.2597

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