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Commercial - UNPLATTED for Sale

10011 WATER WORKS, RIVERVIEW, FL 33578

Asking Price$5,450,000 Change Price$300,000

  • Days on market:

    349 day(s)
  • Original Price:

    $5,750,000
  • Price per sqft:

    $302.78
  • Tax Legal Description:

    COMM AT NE COR OF GOVT LOT 5 THN S 00 DEG 45 MIN 00 SEC W 321.96 FT THN S 60 DEG 08 MIIN 00 SEC W 856.73 FT THN N 23 DEG 22 MIN 26 SEC W 424.02 FT THN S 60 DEG 08 MIN 00 SEC W 200 FT THN S 23 DEG 22 MIN 26 SEC E 45.69 FT TO SELY R/W OF GIBSONTON DR FOR A POB THN S 23 DEG 22 MIN 26 SEC E 452.97 FT THN S 49 DEG 29 MIN 38 SEC E 120 FT THN S 62 DEG 30 MIN 22 SEC W 195 FT THN S 56 DEG 43 MIN 45 SEC W 77.04 FT THN N 21 DEG 36 MIN 30 SEC W 563.93 FT TO SELY R/W OF GIBSONTON DR THN N 59 DEG 42 MIN 14 SEC E 201.65 FT TO POB
  • Tax Year:

    2023
  • Property Type:

    Commercial
  • Construction Type:

    Block
  • Cooling Description:

    Central Air
  • Special Listing Conditions:

    None

Description

$5,450,000 • living size area 18000 sqft

Seize the chance to own a top-tier investment property offering a robust 7% cap rate. the boardwalk at riverview boasts four standalone buildings, each thoughtfully designed with four units, providing a total rentable area of 18,000 sq. ft. spanning 2.7 acres, this exceptional property includes 106 parking spaces and a total footprint of 20,182 sq. ft., which accounts for walkways and overhangs. *** don't miss this rare opportunity to invest in a premier property with a strong return potential! *** this property showcases exceptional pride of ownership and has been meticulously maintained in pristine condition. the property greets visitors with a beautifully tree-lined driveway that winds past two serene retention ponds, creating a tranquil and inviting environment. a shared picnic area adds to the community charm, making this property an exceptional opportunity for investors and tenants alike. stone accents on building exteriors. capital improvements: 16 new hot water heaters in 2024; exterior and interior paint; all new hvac units within last 2 years; 5 year old roofs; driveway resurfaced and striped within last two years. each unit is equipped with a separate electric meter and hvac system, as well as a handicap-accessible bathroom and a pleasant breakroom. 100% leased with waiting list. located just off gibsonton drive, this property sits within a thriving business district, offering unparalleled convenience, accessibility, and visibility. its proximity to major highways, including i-75 and 301 highway, ensures excellent connectivity, while being just minutes from the new adventhealth hospital in riverview. this opportunity is perfect for investors seeking long-term success in a highly desirable location.
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