24400 State Road 54Lutz, FL 33559

Property Details for 24400 State Road 54

Year built

2006

Lot size

1.00 AC

Property size (Sq ft)

3,420 SF

Zone code

00C2

Property type

Retail properties

Property subtype

Retail space

APN

33-26-19-0000-00200-0090

APU

3326190000002000090

Description

Eagle Plaza, a two-building retail center totaling 29,695 square feet, presents a prime opportunity in the thriving Wesley Chapel submarket of Lutz, Florida. Built in 2006, this single-story complex boasts a highly visible location on State Road 54, a major thoroughfare with an impressive average daily traffic count of 69,000 vehicles. Currently, 4,130 square feet of retail space is available, including a 3,030-square-foot unit with direct frontage on SR-54. This strategic location offers exceptional visibility and accessibility for businesses seeking high foot traffic. The property benefits from its proximity to key amenities, including a newly constructed EOS Fitness center and 252 multi-family units directly across the street, ensuring a consistent flow of potential customers. Furthermore, its convenient location, just a four-minute drive from the Tampa Premium Outlets and Interstate 75, provides easy access to a wider regional market. The property's address is 24400 State Rd 54, Lutz, FL 33559, and is situated within the Lutz/Wesley Chapel submarket cluster. This presents a rare opportunity to establish or expand a business in a dynamic and rapidly growing area. The property's zip code is 33559. The cross street is Oakgrove Boulevard.

• CAP approach

  CAP return

  Valuation

  6%

  $1,014,961

  6.5%

  $936,887

  7%

  $869,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,573,978

  Geo Method

  $1,573,978

• Alternative Use

  Use

  Valuation

  Residential

  $790,299

  Hospitality

  $723,910

  Educational

  $602,284

  Medical

  $622,998

  Retail

  $936,887

Location Insight

City

Lutz

County

Pasco

State

Florida

Latitude

28.1853

Longitude

-82.4129

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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