1608 E State Road 60 - Restaurant FOR SALE


Valrico, FL 33594
$2,500,000 USD
203-592-4688
1608 E State Road 60, Valrico, FL for Sale
$2,500,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

1608 E State Road 60
Valrico, FL 33594


HIGHLIGHTS

  • Prime Value- Add Opportunity to Redevelop a 0.76 Acre Parcel with an11,835 sqft building
  • Newly Built in 2016 with minimal deferred maintenance
  • Large Parking lot with 40 parking spaces
  • Dense Community with nearly 200,000 Residents in a 5-Mile Radius
  • Over 73,000 Vehicles Pass the Site Daily of SR 60
  • 22 Minute Drive to Downtown Tampa

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Redevelopment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

CN

APN/PARCEL ID

U-24-29-20-ZZZ-000002-59670.0

ASK ABOUT THIS PROPERTY

Shannon BonaGraystone Capital AdvisorsMore Info
203-592-4688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Shannon BonaGraystone Capital AdvisorsMore Info
203-592-4688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.