Address: 10011 Water Works Lane, RIVERVIEW, FL 33578
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.
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
Building and Construction
Covered Spaces: 0.00
Living Area: 18000.00
Garage and Parking
Garage Spaces: 0.00
Eco-Communities
Water Source: None
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Road Frontage Type: Business District, Divided Highway, Main Throrughfare
Finance and Tax Information
Home Owners Association Fee: 0.00
Net Operating Income: 0.00
Tax Year: 2023
Other Features
Country: US
Legal Description: COMM AT NE COR OF GOVT LOT 5 THN S 00 DEG 45 MIN 00 SEC W 321.96 FT THN S 60 DEG 08 MIIN 00 SEC W 856.73 FT THN N 23 DEG 22 MIN 26 SEC W 424.02 FT THN S 60 DEG 08 MIN 00 SEC W 200 FT THN S 23 DEG 22 MIN 26 SEC E 45.69 FT TO SELY R/W OF GIBSONTON DR FOR A POB THN S 23 DEG 22 MIN 26 SEC E 452.97 FT THN S 49 DEG 29 MIN 38 SEC E 120 FT THN S 62 DEG 30 MIN 22 SEC W 195 FT THN S 56 DEG 43 MIN 45 SEC W 77.04 FT THN N 21 DEG 36 MIN 30 SEC W 563.93 FT TO SELY R/W OF GIBSONTON DR THN N 59 DEG 42 MIN 14 SEC E 201.65 FT TO POB
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.