7202 Us Highway 301 Riverview, FL 33578
- Retail space
- 1,281 SF
- 0.27 lot acres
Current Use by Public Records
- Retail space
Property Details for 7202 Us Highway 301
- Year built
- 1945
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.27 lot acres
- Property size
- 1,281 SF
- Zone code
- CG
- Property type
- Retail space
- APN
- U173020ZZZ000002955000
- APU
- U173020ZZZ000002955000
Description
This exceptional Riverview, FL commercial property boasts two buildings on a 0.27-acre corner lot at 7202 US Highway 301 S. The first building, a 1,281 square foot barbershop, complements the second, a thriving 1,768 square foot auto repair shop featuring three automotive lifts. The property's prime location offers excellent visibility and accessibility, situated off the busy US 301, running parallel to I-75, ensuring high traffic volume. Both buildings benefit from recently updated infrastructure, with roofs and A/C systems only two years old. Adding to the property's appeal is a five-year lease agreement (commencing May 1, 2023) for the auto repair shop, generating a consistent monthly rental income of $2,700. The property's strategic location is further enhanced by the proximity to a new Advent Health Hospital under construction nearby. The General Commercial zoning allows for diverse redevelopment possibilities, including but not limited to research facilities, retail spaces, banks, food establishments, medical facilities, or recreational uses. With a total building area of 3,049 square feet, this property presents a compelling investment opportunity with significant income potential and flexibility for future development. The combination of existing income streams and redevelopment potential makes this a truly unique offering in a rapidly growing area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $255,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $255,000
- Geo Method
- $230,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $240,000
- Mixed-Use
- $215,000
- Hospitality
- $205,000
- Educational
- $215,000
- Residential Income
- $210,000
- Energy
- $215,000
- Income-Based Land
- $280,000
- Food Service
- $205,000
Location Insight
- Map
- Local Demand
- City
- Riverview
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.3264
- Latitude
- 27.8769
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
