Balm-Riverview Office Park | Office For Sale

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30566394
Property Subtypes: Business Park, Medical, Office Building
Status: Pending/Contingent
Building Size (RSF): 6,562 SF
Gross Building Area: 7,990 SF
Gross Land Area: 0.20 SF
Sale Price: $700,000 - 4,000,000
Unit Price: $106.67 - 609.57 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller, Other
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Average Occupancy Rate: 86
Last Updated: 11/2/2020

Overview / Comments

KW Commercial is proud to present for sale this incredible opportunity to invest in a value-add office building located in the fast-growing city of Riverview, FL. This property is income producing and located in a desirable area that is easily accessible right off of the highly trafficked US Hwy 301. This building has been well maintained and had a complete re-roof in 2018, though there is tremendous upside potential through stabilizing and raising rents, filling vacancies, and improving upon management systems for long-term stabilized cashflow. Located in close proximity to housing, schools, and local amenities, this is a perfect opportunity to invest in a value-add property in an appreciating market. All information provided in this Offering has been provided by and deemed accurate by the owner. Confidentiality agreement is attached with the sale brochure and is required for detailed financial information and rent roll.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: U-20-30-20-90J-000000-00001.0
Zoning: PD
Property Located Between: Balm Riverview Rd and Park Dr
Property Visibility: Good
Highway Access: Easy access to and from US Hwy 301
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2007
Construction/Siding: Block
Parking Ratio: 3.2 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 20
Sprinklers: Wet
Heat Source: Central
Part of Planned Development?: Yes
Lot Frontage: 291 FT
Lot Depth: 117 FT
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,924 64,531 179,043
Median Age: 42.52 37.16 35.74
Households: 1,932 24,264 66,058
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