$2,000,000
PRIME US HIGHWAY 301 INVESTMENT & DEVELOPMENT OPPORTUNITY! Positioned along Riverview's growing commercial corridor, this three-parcel offering combines approximately 1.04 acres of land, direct US 301 frontage, and existing rental income in one strategic investment. Located at 11331 S US Highway 301, the property features a commercial building constructed in 1996 with approximately 3,192 square feet of gross building area, paved parking, and two established commercial tenants, Flow Fitness and Dancing for Joy. The package also includes 11330 and 11332 Pine Street, two separately parceled residential properties, each currently tenant-occupied. What makes this opportunity particularly attractive is its location and long-term potential. Riverview continues to experience residential and commercial expansion, supported by ongoing infrastructure improvements along the US 301 corridor. With three individual parcels, highway exposure, and a combination of commercial and residential uses, the property offers investors an opportunity to explore future repositioning, redevelopment, or continued income-producing operations, subject to applicable approvals. Adding to the investment appeal, the portfolio currently generates approximately $102,823 in annual gross rental income. Both commercial leases feature 5% annual base rent increases, while the two residential properties operate under seller-reported month-to-month tenancies, offering additional flexibility subject to applicable tenant rights.
Whether your strategy is to acquire a cash-flowing commercial asset, establish a long-term position in Riverview's expanding market, or explore the potential of a multi-parcel redevelopment, this property offers multiple investment considerations in one offering. THREE PARCELS. US 301 FRONTAGE. EXISTING INCOME. LONG-TERM POTENTIAL. All properties are sold together as one package. Buyer to verify zoning, permitted uses, square footage, rental information, and development feasibility.
TB8557278
MLS
11331 S 301 Highway, Riverview
Listing courtesy of CENTURY 21 ELITE LOCATIONS, INC. 813-960-0999
