701 Us Highway 41Ruskin, FL 33570

  • Commercial land
  • 7,682 SF
For Sale
$4,600,000 View listing

Property Details for 701 Us Highway 41

Year built
1941
Construction
STEEL FRAME
Lot size
0.38 AC
Property size (Sq ft)
7,682 SF
Zone code
RTC-1
Property type
Commercial land
APN
U0532191V2000001000010
APU
U0532191V2000001000010

Description

This exceptional 9.97-acre mixed-use property presents a remarkable development opportunity in Ruskin, Florida. Located at 701 N US Highway 41, the site boasts significant frontage on a major thoroughfare, offering unparalleled visibility and accessibility. Currently zoned RTC 1 and RTC 2, the property allows for the construction of up to 160 residential units, a substantial potential for high-density development. The zoning permits a variety of uses, making this a versatile investment for developers seeking to capitalize on the growing demand for housing and commercial space in South Hillsborough County. The existing lot size offers ample space for a large-scale project, and there's potential to expand the development further. Additional RTC 1 zoned land is available for acquisition, potentially increasing the unit count by an additional 100 units, significantly enhancing the overall project scope and return on investment. The strategic location and zoning flexibility make this a rare and highly sought-after opportunity in a market where similar mixed-use parcels are scarce. This property represents a unique chance to create a thriving community in a rapidly developing area. The high-traffic location on US Highway 41 ensures excellent visibility and accessibility, making it an ideal location for a variety of commercial and residential uses. The potential for expansion with additional available land adds to the overall value and long-term potential of this exceptional investment. The asking price is $4,600,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,425,024
    Hospitality
    $3,137,304
    Educational
    $2,610,200
    Medical
    $2,699,969
    Retail
    $4,060,311

Location Insight

City
Ruskin
County
Hillsborough
State
Florida
Latitude
27.7245
Longitude
-82.4334
CBSA code
45300
CBSA name
TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,190
$137,775
-
$137,775
-
$137,775
-
$137,775

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