Properties

Property Description

Introducing an Exceptional Investment Opportunity: The Boardwalk of Riverview Commercial Office Park. This is a rare chance to acquire a premier investment property with a 6.5% CAP rate. The Boardwalk of Riverview consists of four standalone buildings, each featuring four units, for a total rentable area of 18,000 sq. ft. Situated on 2.7 acres, the property includes 106 parking spaces and a total square footage of 20,182 sq. ft., which encompasses walkways and overhangs.

This property exemplifies pride of ownership, maintained in impeccable condition. Notable features include:

* Elegant stone accents on the building exteriors
* Interior units with new wide plank flooring, along with carpet and tile options, and high ceilings
* Sixteen new hot water heaters installed this year
* All HVAC units replaced within the last two years
* Roofs that are only five years old
* Recent painting of both exteriors and interiors
* Driveway resurfaced and striped within the last two years
* Currently 100% occupied with a waiting list

Each unit is equipped with a separate electric meter and HVAC system, as well as a handicap-accessible bathroom and a pleasant breakroom. The property welcomes visitors with an inviting, tree-lined driveway that leads past two retention ponds and features a common picnic area.

Ideally 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.

Features
: Central Air
Address Map
US
FL
Hillsborough
Riverview
33578
WATER WORKS
10011
LANE
W83° 39' 42.3''
N27° 51' 17.9''
33578 - Riverview
PD
From Downtown Tampa, I-4 to I-75 S towards Naples. Exit 250 towards Riverview. Left onto Gibsonton Drive. Right into the complex: Boardwalk Office Park of Riverview.
Additional Information
: None
1
2024-03-05
: Slab
: Block
18000
Financial
43655.01
Listing Information
261504565
778846
Active
2024-10-22T14:46:07Z
Stellar
: None
2024-03-05T21:49:22Z
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10011 LANE Riverview

10011 Water Works Lane, Riverview, Florida 33578

18,000
$5,750,000
Listing ID #T3507905
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : T3507905
Price : $5,750,000
Square Footage : 18,000
Year Built : 2006
Lot Area : 2.70 Acre
Status : Active
Office Name : AKA COMMERCIAL REALTY
Agent Name : Kari Kurtz
Property Sub Type : Office
Listing Status : Active
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Property
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Erica Diaz Team

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Phone: (407) 904-2702
Hours: Everyday, 9AM – 5PM
Address: 326 S Dillard St, Winter Garden, FL. 34787

Erica Diaz, P.A. DBA Erica Diaz Team. MLS License #261211327. Brokered by Homevest Realty.

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