Price Reduced 5.22%
Price History
$5,750,000
3/5/2024
$5,450,000
1/21/2025
10011 WATER WORKS LANE, Riverview, FL, 33578
2006
18,000 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.
Status:
Active
Type:
Commercial
Complex:
UNPLATTED
Cooling:
Central Air
Levels:
1
Acreage:
2.7
Est. Taxes:
$43,655
Construction
Block
Days on Market:
386
MLS #:
T3507905
Community Info
School Info
Walk Score
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Listing courtesy of AKA COMMERCIAL REALTY Phone: 813-690-2330