10070 Fern Hill DrRiverview, FL 33578

Property Details for 10070 Fern Hill Dr

Year built

2013

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.74 AC

Property size (Sq ft)

18,416 SF

Zone code

CG

Property type

Office properties

Property subtype

Office buildings

APN

U193020ZZZ000003003302

APU

U193020ZZZ000003003302

Description

This exceptional 8,000-square-foot commercial property, situated on a 3.74-acre lot in Riverview, Florida, presents a unique investment opportunity. Built in 2013, this single-building, two-story structure offers significant potential for a variety of uses. The zoning is CG - Commercial General. The building boasts high visibility, benefiting from its location near the Northbound I-75 off-ramp and the Gibsonton overpass, experiencing an average annual daily traffic count of 15,200 vehicles. The first floor, encompassing nearly 6,000 square feet, features an open layout and a commercial kitchen, ideal for retail or restaurant concepts. The second floor, exceeding 2,000 square feet, provides four private offices, open workspace, storage, and two bathrooms. Currently, the entire 8,000 square feet is vacant, offering immediate occupancy for a single tenant. This property's prime location in one of Southeast Hillsborough County's fastest-growing areas, combined with its versatile floor plan and high visibility, makes it an attractive proposition for businesses seeking a prominent presence in a thriving market. The address is 10070 Fern Hill Dr, Riverview, FL 33578.

• CAP approach

  CAP return

  Valuation

  6%

  $3,802,048

  6.5%

  $3,509,583

  7%

  $3,258,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,363,314

  Geo Method

  $3,363,314

• Alternative Use

  Use

  Valuation

  Residential

  $4,351,882

  Hospitality

  $3,986,301

  Educational

  $3,316,556

  Medical

  $3,430,617

  Retail

  $5,159,086

Location Insight

City

Riverview

County

Hillsborough

State

Florida

Latitude

27.8531

Longitude

-82.3419

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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