$1,125,000

10841 Park Drive

RIVERVIEW FL, 33569

Description

Property tours are available by appointment ONLY. Available for sale is this incredible opportunity to invest in 10841 Park Drive (the Property), a value-add medical office building located in the fast-growing city of Riverview, Florida. 10841 Park Drive consists of a single-story, 6,562 SF office building situated on 0.2 acres. Constructed in 2007, the building has been well maintained and received a new roof in 2018. The Property is currently 86% occupied by three tenants, with an in-place NOI of $73195. The Property is ideally-positioned just off the highly-trafficked US Highway 301, approximately two miles from Interstate 75. In addition, the site is within close proximity to housing, schools, and local amenities. As of 2020, the Propertys demographics have 76,182 individuals residing within a 3-mile radius. In the same year, the total specified consumer spending within a 3-mile radius of the Property accounts for $741,052, and there are 1,604 businesses and 14,626 employees. This offering presents tremendous upside potential through stabilizing and raising rents, filling vacancies, and improving upon management systems for long-term stabilized cashflow.

Details

MLS#T3269364
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2007
Days On Site48

Features

SQ Feet7,990
ZoningPD
Acreage0.20
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Area Information
StateFL
CountyHillsborough
CityRIVERVIEW
Zip Code33569
Area33569 - Riverview
Listing VS Median (in 33569)
Price:
$1,125,000
low | high
Med:
$275,000
100% of Average
SqFt:
7,990
low | high
Med:
3,596
100% of Average
$ / SqFt:
$141
low | high
Med:
$76
95.686565319491% of Average
On Site:
48
low | high
Med:
157
30.573248407643% of Average
Listing Updated: November 21, 2020 3:03:39 AM PST
Coach Cook LogoMLS Number: T3269364
Listing Provided By:
Coach Cook  of  KELLER WILLIAMS TAMPA PROP.

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