107 7Th Ave Ruskin, FL 33570
- Strip malls
- 26,496 SF
- 1.41 lot acres
Current Use by Public Records
- Ninja Warrior Traning Center for Kids / Gym
Property Details for 107 7Th Ave
- Year built
- 1972
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.41 lot acres
- Property size
- 26,496 SF
- Zone code
- RTC-1
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- U0532191UU000000000185
- APU
- U0532191UU000000000185
Description
This exceptional 5.8-acre property in Ruskin, Florida, presents a compelling investment opportunity. Located at 107 7th Ave NE, 33570, this commercially zoned (RTC1) land offers significant potential for development. The property currently includes a leased retail space, providing immediate cash flow for the owner. A key advantage is the entitlement for 118 units by right, allowing for substantial future development. This presents a unique chance to either landbank for appreciation or immediately capitalize on the existing retail lease and future development potential. The property's location in Hillsborough County, Florida, offers easy access to major transportation routes and amenities. The asking price is $5,100,000. This is an ideal opportunity for investors seeking a blend of immediate income and long-term growth potential in a thriving Florida market. The latitude and longitude coordinates are 27.7240222, -82.4322613 respectively.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $735,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $620,000
- 6.5%
- $680,000
- 7%
- $610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $565,000
- Geo Method
- $720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $560,000
- Retail
- $555,000
- Mixed-Use
- $650,000
- Hospitality
- $660,000
- Educational
- $730,000
- Residential Income
- $555,000
- Energy
- $650,000
- Income-Based Land
- $640,000
- Food Service
- $625,000
Location Insight
- Map
- Local Demand
- City
- Ruskin
- County
- Hillsborough
- State
- Florida
- Longitude
- -82.4324
- Latitude
- 27.7238
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA