523 Kings AveBrandon, FL 33511

Property Details for 523 Kings Ave

Year built

1962

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.33 AC

Property size (Sq ft)

2,860 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

U272920ZZZ000002655200

APU

U272920ZZZ000002655200

Description

This 8,500 square foot vacant medical office building in Brandon, Florida, is situated on a 0.79-acre lot and presents a compelling investment opportunity. Priced at $1,495,000 ($175.88/SF), the property consists of two buildings constructed in 1962 and is zoned PD (Planned Development) by Hillsborough County. Utilities are provided by Hillsborough County (water/sewer) and Tampa Electric (electricity), while police and fire services are also provided by the county. The location offers exceptional visibility and is conveniently situated five minutes from HCA Florida Brandon Hospital and minutes from W. Brandon Blvd (SR 60). This prime location within a thriving medical community benefits from its proximity to significant ongoing development, including a large commercial development with retail, office, and hotel components, as well as substantial planned expansions in the surrounding area. The property's "as is" condition allows for various commercial uses, aligning with the area's development character. The surrounding Brandon area boasts a population of approximately 170,430 residents and includes several neighboring communities. Brandon Regional Hospital, a top-rated facility, is nearby, further enhancing the property's appeal. This presents a unique chance to acquire a strategically located asset in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $590,457

  6.5%

  $545,037

  7%

  $506,106

• Comparable approach

  Method

  Valuation

  Relative Method

  $522,322

  Geo Method

  $522,322

• Alternative Use

  Use

  Valuation

  Residential

  $675,846

  Hospitality

  $619,072

  Educational

  $515,060

  Medical

  $532,774

  Retail

  $801,205

Location Insight

City

Brandon

County

Hillsborough

State

Florida

Latitude

27.9309

Longitude

-82.2935

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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