11253 N 56TH STREET,TEMPLE TERRACE,Hillsborough,Commercial Sale

Property Description

Fantastic opportunity to own a retail building currently with Truist Bank fronting 56th Street in Temple Terrace. The subject property is a .97 acre parcel zoned CG Improvements on the land include a total of 4,275 SF of free standing retail/bank space along with 3,310 SF drive through and 32 parking spaces. Ingress/Egress on the site is achieved by a right in right out of traffic flow heading north on 56th Street and a left turn access heading south bound on 56th Street. The improvements to the land, including the building with SunTrust Bank occurred in 1997. The subject property is located just south of Fowler Avenue and north of Busch Boulevard on North 56th Street. The site is close to the University of South Florida which services over 50,000 pupils, faculty and staff. Additionally Busch Gardens and Adventure Island is nearby receiving approximately 14 million visitors/year. There is also the VA Hospital and the Moffitt Cancer Center in the vicinity. The area has a multitude of retailers, banks, and restaurants as well as hotels. The location of this parcel provides easy access to 56th Street, Fowler Avenue, Busch Boulevard, I-75, I-275 and I-4. 8+ years left with two more additional 5-year options and 3.5% annual escalations.