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Property profile & analytics
FOR SALE
Turn key restaurants

8447 N 56Th St Temple Terrace, FL 33617

8,003 SF 2.13 ac lot Built 1974
Entity Owned 11-yr Hold Free & Clear
Property ID
US18-3192544
Property summary
AI-generated overview

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 profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,003 SF
Lot 2.13 ac (92,651 SF)
Zoning code CG
APN T22281955Z000013000010
UPID US18-3192544
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$726k
Blend (final) Blend
$545k
Owner & transaction history
City Of Temple Terrace · 11 yrs held
City Of Temple Terrace
since 2014
3 recorded transactions
2014
$1.6M
2009
$3.6M
2000
$790,000
Zoning & alternative use
CG · Temple Terrace, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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