Active

10011 WATER WORKS LN

RIVERVIEW FL, 33578

$5,450,000


$302.78 per sqft

Active

18,000 sqft

Commercial

Built in 2006

Seize the chance to own a top-tier investment property offering a robust 7% CAP rate. The Boardwalk at Riverview boasts four standalone buildings, each thoughtfully designed with four units, providing a total rentable area of 18,000 sq. ft. Spanning 2.7 acres, this exceptional property includes 106 parking spaces and a total footprint of 20,182 sq. ft., which accounts for walkways and overhangs. *** Don't miss this rare opportunity to invest in a premier property with a strong return potential! *** This property showcases exceptional pride of ownership and has been meticulously maintained in pristine condition. The property greets visitors with a beautifully tree-lined driveway that winds past two serene retention ponds, creating a tranquil and inviting environment. A shared picnic area adds to the community charm, making this property an exceptional opportunity for investors and tenants alike. Stone accents on building exteriors. Capital improvements: 16 new hot water heaters in 2024; Exterior and interior paint; All new HVAC units within last 2 years; 5 year old roofs; Driveway resurfaced and striped within last two years. Each unit is equipped with a separate electric meter and HVAC system, as well as a handicap-accessible bathroom and a pleasant breakroom. 100% leased with waiting list. 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.

T3507905

MLS ID

March 5, 2024

Listed

January 21, 2025

Updated

Map

10011 WATER WORKS LN
RIVERVIEW FL, 33578

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

2.7 Acres

Other Property Details

Area Name

33578 - Riverview


Taxes

$43,655


Tax Frequency

Annually


Days on Market

322


Association Fee Frequency

Monthly


Garage

No


View

No


County

Hillsborough


Municipality

30


Water Source

None


Pool

No


Zoning

PD

Listing History

Date

Event

Price

1/21/2025

Price change

$5,450,000

-6%

Listed by AKA COMMERCIAL REALTY
Listing Contact: 813-690-2330 

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Stellar MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. C² Realty Group, LLC participates in the Stellar MLS Internet Data Exchange (IDX) program, allowing display of other Stellar MLS broker's listings on this site. However, may not include all listings currently available. Information is deemed reliable but not guaranteed. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

©2025 Stellar MLS. All rights reserved. 

Data last updated 1/21/2025, 11:26 PM UTC

Powered byLuxury Presence