7732 Gibsonton DrGibsonton, FL 33534

Property Details for 7732 Gibsonton Dr

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.52 AC

Property size (Sq ft)

4,646 SF

Zone code

CN

Property type

Retail properties

Property subtype

Strip malls

APN

U243019ZZZ000001711100

APU

U243019ZZZ000001711100

Description

This exceptional 4,646 square foot retail center, situated on a 0.52-acre lot at 7732 Gibsonton Drive in Gibsonton, Florida, presents a compelling investment opportunity. The property boasts a prime location along a heavily trafficked road, ensuring high visibility and accessibility. Its strategic placement near major national retailers such as Walmart, Cracker Barrel, GDX Multiplex theater, and Lowe's guarantees consistent foot traffic and a robust customer base. The center is currently fully leased, with tenants enjoying long-term occupancy (20+ years). The diverse tenant mix contributes to a stable and predictable income stream. Ample parking is available via an additional land lease with TECO, ensuring convenient access for customers and employees. The property includes an 8x25 storage unit, adding further value. Recent improvements significantly enhance the property's condition and longevity. These include a new roof installed in 2024, new AC units in two spaces in 2020, a new plumbing main and backflow valve rebuild in 2020, a new French drainage system in 2020, and new fencing in 2021. Furthermore, the barber shop has undergone an interior remodel. Two units are currently on month-to-month leases, offering the buyer flexibility to occupy the spaces or lease them at market rates. The property is zoned Commercial Neighborhood (CN). This well-maintained and strategically located retail center represents a rare opportunity for investors seeking a stable, high-return investment in a thriving commercial area. The asking price is $1,299,500.

• CAP approach

  CAP return

  Valuation

  6%

  $1,409,999

  6.5%

  $1,301,538

  7%

  $1,208,571

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,138,218

  Geo Method

  $2,138,218

• Alternative Use

  Use

  Valuation

  Residential

  $1,097,896

  Hospitality

  $1,005,667

  Educational

  $836,703

  Medical

  $865,478

  Retail

  $1,301,538

Location Insight

City

Gibsonton

County

Hillsborough

State

Florida

Latitude

27.8501

Longitude

-82.3684

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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