4780 Commercial WaySpring Hill, FL 34606

Property Details for 4780 Commercial Way

Year built

2002

Construction

CONCRETE BLOCKS

Lot size

20.90 AC

Property size (Sq ft)

146,568 SF

Property type

Retail properties

Property subtype

Outlet malls

APN

R10-223-17-3721-0000-0010

APU

R1022317372100000010

Description

This exceptional commercial land parcel presents a rare development opportunity in Spring Hill, Florida. Strategically located on Commercial Way, this carve-out site boasts unparalleled visibility from the heavily trafficked US 19, a major retail corridor. The property benefits from signalized access directly from US 19, ensuring convenient ingress and egress for customers and employees. Its suburban infill location offers a unique advantage, providing proximity to established businesses and a strong existing customer base. The site is conveniently situated adjacent to a Lowe's, further enhancing its desirability and potential for synergistic development. The property is zoned C-1 by Hernando County, allowing for a wide range of commercial uses. Furthermore, off-site stormwater management is available, simplifying the development process and reducing potential costs. Surrounded by national retail and restaurant brands, this parcel offers an exceptional opportunity for businesses seeking high visibility and a strong location within a thriving commercial area. The property's prime location and desirable zoning make it an ideal investment for developers seeking to capitalize on the robust growth in Spring Hill. This is a rare opportunity to acquire a highly visible and well-situated commercial land parcel in a rapidly developing market.

• CAP approach

  CAP return

  Valuation

  6%

  $39,741,964

  6.5%

  $36,684,892

  7%

  $34,064,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $67,454,640

  Geo Method

  $67,454,640

• Alternative Use

  Use

  Valuation

  Residential

  $30,945,078

  Hospitality

  $28,345,524

  Educational

  $23,583,144

  Medical

  $24,394,204

  Retail

  $36,684,892

Location Insight

City

Spring Hill

County

Hernando

State

Florida

Latitude

28.4982

Longitude

-82.5902

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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