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    8447 56Th St Tampa, FL 33617

    For Sale
    $1,000,000

    1.74 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 1.74-acre commercial land parcel, located at 8447 N 56th St, Tampa, FL 33617, presents a unique development opportunity. Situated in the thriving Temple Terrace area, this property boasts prime visibility with 165 feet of frontage on N 56th Street and 200 feet of frontage on South Riverhills Drive. The high-traffic location, averaging 40,000 vehicles daily, ensures maximum exposure for any commercial venture. Currently zoned Commercial General (CG), with a future land use designation of Downtown Mixed Use (DMU-35), this site offers incredible versatility. Its ample space is ideal for a wide range of uses, including hotels, restaurants, craft breweries, or retail establishments. The property's proximity to major attractions like the University of South Florida (USF), Busch Gardens, and Moffitt Cancer Center provides access to a large and diverse customer base. The expansive lot allows for ample parking and outdoor amenities, enhancing the appeal and functionality of any development. This is a truly exceptional investment opportunity in a rapidly growing area of Tampa, offering significant potential for substantial returns. The asking price for this remarkable property is $1,000,000. Hillsborough County location and zip code 33617.

    Property Features for 8447 56Th St

    General Information

    Property type
    Land
    Lot Size
    75,794 SF

    HighLights

    • Excellent proximity to USF, Busch Gardens, and Moffitt Cancer Center.
    • Commercial General zoning with versatile usage potential.
    • 165' frontage on N 56th Street and 200' on South Riverhills Drive.
    • High visibility with 40,000 average daily traffic.
    • Suitable for hotels, restaurants, breweries, or retail.
    • Ample land for parking and outdoor amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hardy Commercial Cleaners ... Commercial Cleaning Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3928599
    Latitude
    28.0272959

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    FAQs

    What type of property is this?
    Land - 1.74 Acres, High Traffic Area
    Where is this land located?
    The property is located at 8447 56Th St Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Excellent proximity to USF, Busch Gardens, and Moffitt Cancer Center.; Commercial General zoning with versatile usage potential.; 165' frontage on N 56th Street and 200' on South Riverhills Drive.
    (813) 514-1070
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    8447 56Th St Tampa, FL 33617
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    Tampa, FL 33617
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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
    8447 56Th St Tampa, FL 33617
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