1240 Bloomingdale Ave Valrico, FL 33596

Property Details for 1240 Bloomingdale Ave

Property type

Commercial real estate

Description

This exceptional 30,625 square foot commercial development site is located in Valrico, Florida, on Bloomingdale Avenue, approximately 1,550 feet east of Bell Shoals Road. Priced at $478,750 ($14/sq ft), this property presents a unique investment opportunity in a thriving community. The site is situated in Hillsborough County, just 15 miles southeast of Tampa, within the established Bloomingdale community, boasting over 5,000 homes and a population exceeding 23,000. The property comprises two parcels with varying zoning designations: one zoned RSC-4 (Residential-Single Family, Conventional, allowing up to 4 dwelling units per acre), and the other zoned Residential-Single Family, Conventional, allowing up to 3 dwelling units per acre. This versatile zoning, combined with the Community Mixed-Use -12 designation, allows for maximum development densities, including up to 12 dwelling units per gross acre and a maximum Floor Area Ratio (FAR) of 0.5 for commercial development. Conveniently located within the Urban Service area, the property benefits from readily available utilities, including potable water and sanitary sewer along the western property line, servicing a nearby 2021 townhome development. A stormwater drain is also situated along the Bloomingdale Avenue right-of-way. Furthermore, the property falls within Flood Zone X, indicating a minimal flood risk with a 0.2% annual chance of flooding. This prime location offers excellent access to amenities such as churches, a golf club, sports complexes, a YMCA, county parks, and highly-rated schools. The Bloomingdale community, initially farmland, has experienced significant growth since its development began in 1979, offering a strong foundation for future development. This property presents a compelling opportunity for developers seeking to capitalize on the area's continued expansion and high demand.