301 Shell Point RdRuskin, FL 33570

Property Details for 301 Shell Point Rd

Year built

1955

Construction

WOOD

Lot size

0.27 AC

Property size (Sq ft)

1,048 SF

Zone code

PD

Property type

Office buildings

APN

U0632191V6000000011090

APU

U0632191V6000000011090

Description

This exceptional 5.23-acre property in Ruskin, Florida, presents a unique development opportunity. Located on East Shell Point Road and straddling 3rd Street NE, the land comprises eight separate lots. The western portion, zoned RTC-2 (Ruskin Town Center – mixed-use commercial), allows for a blend of commercial and residential development. The eastern section, zoned RDC-12 (12 units per acre), is designated for residential dwellings. This zoning flexibility allows for creative development plans, such as a community of small cottages integrated with commercial spaces. The property's significant feature is its beautiful mature oak trees, offering a unique aesthetic for a project designed to preserve this natural asset. The county permits relatively small residential units, making it suitable for concepts like a tiny home community. The asking price is $2,500,000. Attractive financing options are available, with the seller open to providing shorter-term financing with a 50% down payment. The property's prime location and flexible zoning make it an ideal investment for developers seeking a distinctive project in a desirable area. The address is 301 E Shell Point Road, Tampa, Florida, 33570, in Hillsborough County. This is a rare chance to acquire a substantial parcel of land with significant development potential in a growing Florida community.

• CAP approach

  CAP return

  Valuation

  6%

  $408,217

  6.5%

  $376,816

  7%

  $349,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $191,396

  Geo Method

  $191,396

• Alternative Use

  Use

  Valuation

  Residential

  $467,251

  Hospitality

  $428,000

  Educational

  $356,091

  Medical

  $368,337

  Retail

  $553,919

Location Insight

City

Ruskin

County

Hillsborough

State

Florida

Latitude

27.7209

Longitude

-82.438

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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