4928 State Road 674Wimauma, FL 33598

Property Details for 4928 State Road 674

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

31.23 AC

Property size (Sq ft)

236,531 SF

Zone code

PD

Property type

Retail properties

Property subtype

Outlet malls

APN

U0832202XN000000000013

APU

U0832202XN000000000013

Description

This exceptional 1.02-acre commercial land parcel presents a remarkable investment opportunity in the thriving Wimauma, Florida market. Located at 4928 State Road 674, this vacant commercial lot is zoned for immediate development and boasts a highly desirable location. The property is situated as an outparcel to a Walmart Supercenter, ensuring high visibility and significant foot traffic. Its pad-ready status streamlines the development process, minimizing delays and maximizing return on investment. The strategic location offers unparalleled convenience, situated just two miles east of South Bay Hospital, attracting a substantial daily flow of customers and employees. Furthermore, the property benefits from the presence of numerous established retailers in close proximity, including Publix, Wawa, Aldi, McDonald's, and Regions Bank, creating a synergistic retail environment and bolstering the potential for strong tenant demand. This prime location, coupled with its ideal size and zoning, makes this property an exceptional opportunity for developers seeking a high-impact retail investment in a rapidly growing area of Hillsborough County. The property is available for sale

• CAP approach

  CAP return

  Valuation

  6%

  $71,784,008

  6.5%

  $66,262,160

  7%

  $61,529,148

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,858,096

  Geo Method

  $108,858,096

• Alternative Use

  Use

  Valuation

  Residential

  $55,894,612

  Hospitality

  $51,199,164

  Educational

  $42,597,104

  Medical

  $44,062,084

  Retail

  $66,262,160

Location Insight

City

Wimauma

County

Hillsborough

State

Florida

Latitude

27.7146

Longitude

-82.3328

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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