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    7503 Broadway St Riverview, FL 33578

    Sponsored
    For Sale
    $750,000

    High-Yield Storefront Property in Florida

    Property size:
    2,615 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents two adjacent storefront properties totaling 2,615 square feet situated on a substantial 1.32-acre lot in the thriving Riverview, Florida market. The property, located at 7503 Broadway St, zip code 33578, comprises two occupied homes and two vacant lots, offering significant potential for redevelopment or continued rental income. Built in 1928, the existing structures provide immediate cash flow, while the expansive lot size presents considerable upside for future development. The strategic location offers excellent visibility and accessibility, with proximity to Riverview Elementary School and O'Reilly Auto Parts, and convenient access to Highway 301. The asking price is $750,000, reflecting the substantial land value and the potential for significant returns. This multi-tenancy retail property is an ideal investment for those seeking a strong foothold in the growing Riverview market. Please note that the two existing homes are currently occupied, and direct contact with tenants is discouraged. All inquiries should be directed through the appropriate channels. This property offers a unique blend of immediate income and long-term development potential, making it a compelling investment opportunity in a desirable location. The Hillsborough County location provides access to a robust infrastructure and a growing population base.

    Property Features for 7503 Broadway St

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,615 SF
    Lot Size
    57,499 SF

    Building Details

    Year Built
    1928

    HighLights

    • Exceptional investment opportunity: Two adjacent storefronts totaling 2,615 square feet on a 1.32‑acre lot in Riverview, FL.
    • Located at 7503 Broadway St, 33578, the property includes two occupied buildings and two vacant lots.
    • Built in 1928, the property offers immediate cash flow and significant redevelopment potential.
    • Excellent visibility and accessibility, near Riverview Elementary and Highway 301.
    • Asking price: $750,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverview
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3343375
    Latitude
    27.8873926

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Storefront Property in Florida
    Where is this individual retail property located?
    The property is located at 7503 Broadway St Riverview, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Two adjacent storefronts totaling 2,615 square feet on a 1.32-acre lot in Riverview, FL.; Located at 7503 Broadway St, 33578, the property includes two occupied buildings and two vacant lots.; Built in 1928, the property offers immediate cash flow and significant redevelopment potential.
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    7503 Broadway St Riverview, FL 33578
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    Riverview, FL 33578
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7503 Broadway St Riverview, FL 33578
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