2846 S Falkenburg Rd, Riverview, FL 33578 is a commercial address located in Hillsborough County, Florida. The property is situated in a densely populated area characterized by a mix of retail, light industrial, and service-oriented businesses. Understanding the specific context of this address requires examining its zoning, ownership, surrounding businesses, and recent transactional history.
Property Overview
The subject property at 2846 S Falkenburg Rd falls under the jurisdiction of Hillsborough County's zoning regulations. These regulations dictate the permissible uses of the land, influencing the types of businesses that can legally operate there. A review of the Hillsborough County Property Appraiser’s records reveals details such as the property's size, assessed value, and current ownership.
Zoning and Permitted Uses
Determining the specific zoning designation for 2846 S Falkenburg Rd is crucial. Hillsborough County’s zoning map and code provide detailed information on permitted uses for each zoning district. Common commercial zoning districts in the Riverview area include Commercial General (CG), Commercial Intensive (CI), and Planned Development (PD), among others. Each district outlines specific regulations regarding building height, setbacks, parking requirements, and allowable business types.
Without explicitly stating the current zoning designation, it’s important to note that permissible uses could range from retail stores and restaurants to professional offices, medical clinics, and light manufacturing facilities. The specific allowable uses directly impact the property's market value and potential tenant base.
Ownership and Property Records
The Hillsborough County Property Appraiser's website provides access to public records related to property ownership. This database contains information on the current owner of 2846 S Falkenburg Rd, the date of acquisition, and the purchase price. These records also include details such as the property's legal description, parcel identification number (PIN), and assessed value for tax purposes.
Reviewing historical ownership records can provide insights into the property's past uses and any significant transactions that have occurred. Liens, mortgages, and other encumbrances associated with the property are also documented in the public records, which can affect the property's transferability and value.
Location and Accessibility
2846 S Falkenburg Rd is located along S Falkenburg Rd, a major thoroughfare in Riverview, FL. This location offers high visibility and accessibility, crucial factors for commercial properties. The property's proximity to major roadways and transportation hubs significantly influences its desirability for businesses.
Proximity to Major Roadways
S Falkenburg Rd provides direct access to other key arterial roads in the area, including US Highway 301 and Interstate 75. These highways connect Riverview to Tampa, Brandon, and other major cities in the Tampa Bay region. This connectivity is essential for businesses that rely on regional or statewide distribution networks.
The ease of access for customers and employees is a significant advantage for businesses operating at 2846 S Falkenburg Rd. Traffic counts along S Falkenburg Rd provide an indication of the volume of potential customers passing by the property daily.
Surrounding Area and Demographics
The surrounding area of 2846 S Falkenburg Rd is characterized by a mix of commercial and residential development. The presence of established retail centers, office buildings, and residential communities contributes to a diverse customer base for businesses operating in the area.
Demographic data for the Riverview area, including population density, median household income, and age distribution, provides insights into the local market. This information is crucial for businesses seeking to tailor their products and services to the needs of the community.
Surrounding Businesses and Economic Activity
The economic landscape surrounding 2846 S Falkenburg Rd is influenced by a variety of factors, including the presence of major employers, the growth of residential communities, and the overall health of the local economy. Understanding the types of businesses operating in the vicinity provides context for the competitive environment and potential opportunities.
Competition and Market Analysis
Analyzing the types of businesses located near 2846 S Falkenburg Rd helps to understand the competitive landscape. This analysis involves identifying direct competitors, assessing their market share, and evaluating their strengths and weaknesses. Understanding the competitive environment is essential for businesses seeking to differentiate themselves and attract customers.
The presence of complementary businesses can also benefit the property at 2846 S Falkenburg Rd. For example, a restaurant located near a retail store may attract customers to both establishments.
Economic Indicators and Trends
Monitoring local economic indicators, such as unemployment rates, job growth, and consumer spending, provides insights into the overall health of the Riverview economy. These indicators can help businesses assess the potential for growth and identify emerging opportunities.
Trends in the real estate market, such as vacancy rates and rental rates, also impact the value of commercial properties like 2846 S Falkenburg Rd. Increased demand for commercial space can drive up rental rates and property values, while decreased demand can have the opposite effect.
Real Estate Transactions and Market Value
Analyzing recent real estate transactions involving comparable properties in the Riverview area provides insights into the current market value of 2846 S Falkenburg Rd. These transactions can include sales, leases, and other types of transfers.
Comparable Sales Analysis
Comparable sales analysis involves identifying similar commercial properties that have recently been sold in the vicinity of 2846 S Falkenburg Rd. Key factors to consider include property size, location, zoning, and condition. Adjustments are made to the sale prices of the comparable properties to account for any differences between them and the subject property.
This analysis provides an estimate of the fair market value of 2846 S Falkenburg Rd based on actual transactions. The reliability of this estimate depends on the availability of accurate and comparable sales data.
Lease Rates and Occupancy
Analyzing lease rates and occupancy levels for commercial properties in the Riverview area provides insights into the demand for rental space. High occupancy rates and increasing lease rates indicate strong demand, while low occupancy rates and decreasing lease rates suggest weak demand.
The lease rates and occupancy levels for comparable properties can be used to estimate the potential rental income for 2846 S Falkenburg Rd. This information is essential for investors seeking to evaluate the property's investment potential.
Potential Uses and Development Opportunities
The potential uses for 2846 S Falkenburg Rd are determined by its zoning designation, location, and the needs of the local market. Depending on these factors, the property may be suitable for a variety of commercial purposes.
Retail, Office, or Industrial Development
The suitability of 2846 S Falkenburg Rd for retail, office, or industrial development depends on its zoning and the demand for each type of space in the Riverview area. Retail development may be appropriate if there is a need for additional shopping centers or standalone stores. Office development may be suitable if there is demand for professional office space. Industrial development may be appropriate if there is a need for warehousing, manufacturing, or distribution facilities.
The specific type of development that is most appropriate for 2846 S Falkenburg Rd depends on a detailed market analysis and feasibility study.
Redevelopment Potential
In some cases, 2846 S Falkenburg Rd may have redevelopment potential. This could involve demolishing existing structures and constructing new buildings or renovating existing buildings to accommodate new uses. Redevelopment may be appropriate if the existing structures are outdated or if the property is underutilized.
Redevelopment projects are subject to local zoning regulations and building codes. It is essential to consult with local authorities to determine the feasibility of any proposed redevelopment plans.
Conclusion
2846 S Falkenburg Rd, Riverview, FL 33578, is a commercial property situated in a strategically important location with good accessibility. Its potential is significantly influenced by Hillsborough County's zoning regulations, prevailing market conditions, and the economic activity in the surrounding Riverview area. Analyzing ownership records, comparable sales data, and demographic trends provides a comprehensive understanding of the property's value and potential uses. Any investment or development decisions should be based on thorough due diligence, including a review of all relevant public records and a professional market analysis.
Key Takeaways:
Location: Situated on a major thoroughfare with high visibility and accessibility.
Zoning: Hillsborough County zoning regulations dictate permissible uses.
Market Value: Determined by comparable sales and lease rates in the area.
Potential Uses: Dependent on zoning, market demand, and redevelopment opportunities.
Due Diligence: Essential for making informed investment or development decisions.
