10011 Water Works Ln Riverview, FL 33578-5304

Property Details for 10011 Water Works Ln

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.46 lot acres

Property size

4,918 SF

Zone code

PD

Property type

Office buildings

APN

U193020ZZZ000003002601

APU

U193020ZZZ000003002601

Description

This exceptional Riverview, FL office complex presents a compelling investment opportunity. The property encompasses four freestanding buildings, each featuring four units, totaling 18,000 square feet of rentable space on a 2.7-acre lot. The property boasts 106 parking spaces and a total footprint of 20,182 square feet, including walkways and overhangs. Recent capital improvements include 16 new hot water heaters (2024), fresh interior and exterior paint, new HVAC units (within the last two years), and 5-year-old roofs. The driveway was recently resurfaced and restriped. Each unit is equipped with a separate electric meter and HVAC system, a handicap-accessible bathroom, and a breakroom. The property is currently 100% leased with a waiting list, generating a robust 7% CAP rate. Situated near Gibsonton Drive, it offers convenient access to I-75 and Highway 301, and is minutes from the new AdventHealth Hospital. The attractive landscaping, including a tree-lined driveway and retention ponds, enhances the property's curb appeal. A shared picnic area adds to the community atmosphere. Stone accents on the building exteriors contribute to a high-quality aesthetic. This meticulously maintained property offers investors a rare chance to acquire a premier asset in a thriving business district. The property's strong occupancy rate and recent upgrades ensure a stable and potentially lucrative return on investment.

Location Insight

City

Riverview

County

Hillsborough

State

Florida

Longitude

-82.3383

Latitude

27.855

CBSA code

45300

CBSA name

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

Property Tax & Assessments