9002 Hillsborough AveTampa, FL 33615

Property Details for 9002 Hillsborough Ave

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.45 AC

Property size (Sq ft)

3,276 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

U342817ZZZ000000401200

APU

U342817ZZZ000000401200

Description

This exceptional Tampa, Florida commercial property presents a unique redevelopment opportunity. The 14,924 square foot facility, situated on a 1.43-acre lot, comprises three buildings with a total of two stories. The property boasts a prime location on W Hillsborough Ave, offering over 600 feet of frontage and exposure to over 61,000 vehicles daily, further enhanced by an income-producing billboard. The property's zoning is Commercial General (CG), allowing for flexible redevelopment options. Beyond the road frontage, this property offers significant waterfront advantages with 600 feet of frontage on Tampa Bay, including 10 docks and 6 boat lifts. The secure site features a chain-link fence with three entrances and ample parking for 20 vehicles. Built between 1986 and 2003, this Class B property is currently used as a distribution center, executive office space, and warehouse, making it ideal for owner-users seeking redevelopment. The asking price is $3,500,000, translating to $234.52 per square foot. The property's APN is U-34-28-17-ZZZ-000000-40120.0. This is a rare opportunity to acquire a multi-use commercial property with significant waterfront access and high visibility in a thriving Tampa location.

• CAP approach

  CAP return

  Valuation

  6%

  $604,278

  6.5%

  $557,795

  7%

  $517,952

• Comparable approach

  Method

  Valuation

  Relative Method

  $598,296

  Geo Method

  $598,296

• Alternative Use

  Use

  Valuation

  Residential

  $691,666

  Hospitality

  $633,562

  Educational

  $527,116

  Medical

  $545,245

  Retail

  $819,959

Location Insight

City

Tampa

County

Hillsborough

State

Florida

Latitude

27.9972

Longitude

-82.5878

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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