Redevelopment Opportunity | 1608 E State Road 60
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Redevelopment Opportunity 1608 E State Road 60
11,835 SF Vacant 4-Star Retail Building Valrico, FL 33594 $2,500,000 ($211/SF)
Investment Highlights
- Prime Value- Add Opportunity to Redevelop a 0.76 Acre Parcel with an11,835 sqft building
- Large Parking lot with 40 parking spaces
- Over 73,000 Vehicles Pass the Site Daily of SR 60
- Newly Built in 2016 with minimal deferred maintenance
- Dense Community with nearly 200,000 Residents in a 5-Mile Radius
- 22 Minute Drive to Downtown Tampa
Executive Summary
Graystone Capital Advisors has been exclusively engaged to present for sale the fee-simple interest at 1608 E State Road 60 Valrico, FL 33594. There is no lease or tenant in place, making this an excellent redevelopment opportunity for an investor to significantly increase the value of the existing property. Positioned on a 0.76-acre site on E State Road 60, the existing building is 11,835 square feet. The Offering is located on E State Road 60 (73,000+ VPD), a dense retail corridor in Valrico, FL positioned by major retailers such as Home Depot, Walmart Supercenter, Lowe’s Home Improvement, Burlington, Publix, Ross, Chipotle, LA Fitness, McDonald’s, Walgreens, Bank of America, Chipotle, Starbucks, and many other national retailers. The former restaurant is located 4 miles from the thriving Westfield Brandon Shopping Mall, 22 minutes away from Downtown Tampa, and 35 minutes from the Tampa International Airport. The property is located 15 miles from both the University of South Florida (50,000+ students) & The University of Tampa (11,000+students). There are approximately 200,000 residents within a 5-mile radius.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,835 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2016
Price
$2,500,000
Price Per SF
$211
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.76 AC
Zoning
CN - C
Parking
40 Spaces (3.38 Spaces per 1,000 SF Leased)
Frontage
131 FT on State Road 60
Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | U-24-29-20-ZZZ-000002-59670.0 | Improvements Assessment | $1,520,405 |
| Land Assessment | $346,395 | Total Assessment | $1,866,800 |
PROPERTY TAXES
Parcel Number
U-24-29-20-ZZZ-000002-59670.0
Land Assessment
$346,395
Improvements Assessment
$1,520,405
Total Assessment
$1,866,800
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Redevelopment Opportunity | 1608 E State Road 60
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