7408 Commerce Street, Riverview, FL 33578

$2,100,000
8,192
SqFt

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List Price
$2,100,000
Status
Active
Days on Market
1
MLS#
TB8556153
Property Style
Retail
Year Built
1972
Living Area
8,192
Lot Size
26,800
Acres
0.62
Total Acreage
1/2 to less than 1
Legal Subdivision Name
Riverview Homesites
MLS Area Major
Riverview

Property Description

You're looking at an unbelievable opportunity for the savvy investor to add a remodeled asset with great tenants to their portfolio. This property has went under a complete transformation over the past year. This property is for the next owner to reap the rewards of all the heavy lifting that has already been down. Also with no hold over tenants from years past, this commercial property will have an exception return with todays market rates. Position your next commercial opportunity for success in a prime Riverview location. This is a strategically located commercial retail plaza that's an excellent space for retailers, service businesses, and professional users. The property benefits from a convenient Riverview location with strong surrounding residential growth, established businesses, and easy access to major transportation routes. Designed to accommodate a variety of commercial uses, the plaza has an excellent variety and accessibility for customers and clients. The surrounding area continues to experience significant residential and commercial development, creating a strong environment for businesses looking to establish or expand their presence in the Riverview market. Whether you're an looking for your first deal in the area or just your next deal, Commerce Street Plaza presents an attractive opportunity in one of the Tampa Bay area's rapidly growing communities. $221,400 GROSS INCOME (2027) $9,039 PROPERTY INSURANCE (2026) $14,407.37 PROPERTY TAXES (2025) $3,400 TRASH AND SEWER (EST) REMODELED INTERIORS (2026) NEW ROOF (2026) All The Prior Tenants Have Now Vacated & In The Process Of Placing New Tenants (Already Half Occupied With New Tenants & Generating $10,000+ Monthly).

Additional Information

Taxes Annual
$15007
Annual Gross Income
221400
Community Features
No Deed Restriction
Zoning
RDD-DT1
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block
Foundation
Slab
Pool
No Pool
Flood Zone Code
X
Parcel ID
U-17-30-20-2RP-000000-00006.0
Legal Description
RIVERVIEW HOMESITES LOT 6 AND LOT 5 LESS E 83.8 FT

Listing courtesy of SELLSTATE COASTAL REALTY. 813-940-0101

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