107 7Th AveRuskin, FL 33570

Property Details for 107 7Th Ave

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.41 AC

Property size (Sq ft)

26,496 SF

Zone code

RTC-1

Property type

Retail properties

Property subtype

Strip malls

APN

U0532191UU000000000185

APU

U0532191UU000000000185

Description

This exceptional 5.8-acre property in Ruskin, Florida, presents a compelling investment opportunity. Located at 107 7th Ave NE, 33570, this commercially zoned (RTC1) land offers significant potential for development. The property currently includes a leased retail space, providing immediate cash flow for the owner. A key advantage is the entitlement for 118 units by right, allowing for substantial future development. This presents a unique chance to either landbank for appreciation or immediately capitalize on the existing retail lease and future development potential. The property's location in Hillsborough County, Florida, offers easy access to major transportation routes and amenities. The asking price is $5,100,000. This is an ideal opportunity for investors seeking a blend of immediate income and long-term growth potential in a thriving Florida market. The latitude and longitude coordinates are 27.7240222, -82.4322613 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $15,171,461

  6.5%

  $14,004,426

  7%

  $13,004,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,194,190

  Geo Method

  $12,194,190

• Alternative Use

  Use

  Valuation

  Residential

  $11,813,257

  Hospitality

  $10,820,880

  Educational

  $9,002,845

  Medical

  $9,312,467

  Retail

  $14,004,426

Location Insight

City

Ruskin

County

Hillsborough

State

Florida

Latitude

27.7238

Longitude

-82.4324

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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