3273 Commercial WaySpring Hill, FL 34606

Property Details for 3273 Commercial Way

Year built

1959

Lot size

1.20 AC

Property size (Sq ft)

4,750 SF

Property type

Office properties

Property subtype

Office buildings

APN

R16-223-17-3810-0010-0050

APU

R1622317381000100050

Description

This exceptional 4,750 square foot commercial property, located at 3273 Commercial Way in Spring Hill, Florida (zip code 34606), presents a unique investment opportunity. Situated on a 1.17-acre lot, this single-story building offers high visibility from its prime location on a busy highway. The property features three separate entrances, ideal for multi-tenant occupancy. The layout includes seven offices and four bathrooms, catering to a variety of business needs. One unit is a studio space, another offers a waiting room and three offices, and the largest unit boasts ample space and a roll-up garage door. The property's versatility makes it suitable for various uses, including executive offices, medical offices, and retail spaces. Ample land provides extensive parking. The asking price is $1,568,000, translating to $330.11 per square foot. The seller is open to selling associated practice and equipment for an additional $100,000. This property offers significant potential for growth and return on investment. The unique landmark feature adds to its high visibility and memorability. This is a rare opportunity to acquire a well-positioned commercial property with substantial space and high traffic exposure in a thriving Florida market.

• CAP approach

  CAP return

  Valuation

  6%

  $876,166

  6.5%

  $808,769

  7%

  $751,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $867,492

  Geo Method

  $867,492

• Alternative Use

  Use

  Valuation

  Residential

  $1,002,873

  Hospitality

  $918,626

  Educational

  $764,286

  Medical

  $790,571

  Retail

  $1,188,890

Location Insight

City

Spring Hill

County

Hernando

State

Florida

Latitude

28.4786

Longitude

-82.6119

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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