7202 Us Highway 301Riverview, FL 33578

Property Details for 7202 Us Highway 301

Year built

1945

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.27 AC

Property size (Sq ft)

1,281 SF

Zone code

CG

Property type

Retail space

APN

U173020ZZZ000002955000

APU

U173020ZZZ000002955000

Description

This exceptional Riverview, FL commercial property boasts two buildings on a 0.27-acre corner lot at 7202 US Highway 301 S. The first building, a 1,281 square foot barbershop, complements the second, a thriving 1,768 square foot auto repair shop featuring three automotive lifts. The property's prime location offers excellent visibility and accessibility, situated off the busy US 301, running parallel to I-75, ensuring high traffic volume. Both buildings benefit from recently updated infrastructure, with roofs and A/C systems only two years old. Adding to the property's appeal is a five-year lease agreement (commencing May 1, 2023) for the auto repair shop, generating a consistent monthly rental income of $2,700. The property's strategic location is further enhanced by the proximity to a new Advent Health Hospital under construction nearby. The General Commercial zoning allows for diverse redevelopment possibilities, including but not limited to research facilities, retail spaces, banks, food establishments, medical facilities, or recreational uses. With a total building area of 3,049 square feet, this property presents a compelling investment opportunity with significant income potential and flexibility for future development. The combination of existing income streams and redevelopment potential makes this a truly unique offering in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $388,766

  6.5%

  $358,861

  7%

  $333,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $589,552

  Geo Method

  $589,552

• Alternative Use

  Use

  Valuation

  Residential

  $302,713

  Hospitality

  $277,283

  Educational

  $230,697

  Medical

  $238,631

  Retail

  $358,861

Location Insight

City

Riverview

County

Hillsborough

State

Florida

Latitude

27.8769

Longitude

-82.3264

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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