High Profile Former Bank Branch for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30001097
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Other
Building Size (RSF): 3,856 SF
Gross Building Area: 5,692 SF
Gross Land Area: 1.02 Acres
Sale Price: $999,000
Unit Price: $259.08 PSF
Has Drive-Thru? Yes
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 3,856 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/24/2020

Overview / Comments

Former bank branch is located on Cross Creek Blvd in a high income trade area adjacent to a thriving Publix Center, just minutes from thousands of high homes in Heritage Isles, Cory Lake Isles, Arbor Greene, Hunters Green and Pebble Creek Village.

The 3,856 +/- SF masonry building also offers excellent redevelopment potential for a restaurant, retail or medical office. Zoned PD-A, the 1.02 +/- acre lot provides an existing parking ratio of nearly 8/1,000 with potential for more.

Although the most convenient access is presently from Bruce B Downs Blvd west on Cross Creek Blvd or from SR 54 south on Morris Bridge Rd, construction is underway to extend SR 56 past the Wiregrass Ranch Project to Morris Bridge and US 301. Once completed, there will be convenient access along Morris Bridge Rd to the 825 acre River Landing Development, the 1,173 acre Wyndfields master-planned development and the 3,527 acre Two Rivers planned development. These three projects combined will add another 10,000 + high end homes within a 5 mile radius of 10950 Cross Creek Blvd.

• Adjacent to Publix Shopping Center in High Income Trade Area
• Median Household Income $84,000+ within 3 Mile Radius
• 3,856± SF Block Building w/ Pitched Truss Roof
• Large Open Office Space, Executive Offices, Break room & 2 Restrooms
• 1,508± SF Drive Thru Canopy
• Built in 2003 on 1.02± Acres
• Easily Converted to Medical Office, Retail or Restaurant

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Tax ID/APN: A-11-27-20-69I-000000-00001.0
Zoning: PD-A
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,338 24,546 61,530
Median Age: 27.45 33.91 38.25
Households: 917 8,590 22,371
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