Intersection Analysis

cliggittvaluation • Jun 21, 2023

West Hillsborough Avenue & North Rome Avenue, Tampa, FL 33603

W Hillsborough Ave & N Rome Ave, Tampa, FL 33603

West Hillsborough Avenue and North Rome Avenue is a prominent intersection located in Tampa, Hillsborough County, Florida. This is a traffic signaled intersection. There are designated pedestrian crosswalks at each corner of the intersection. GPS Coordinates for the intersection are 27.995944, -82.476178. The AADT (Average Annual Daily Traffic) for North Rome Avenue is between 5,000 and 7,800. The AADT for traffic on West Hillsborough Avenue is 54,500. North Rome Avenue traverses in a north-south direction and is a two-lane roadway with designated turn lanes at the intersection. West Hillsborough Avenue traverses in an east-west direction and is a six-lane roadway with designated turn lanes at the intersection.

1701 W Hillsborough Ave

Northwest Corner

·               Property Address – 1701 W Hillsborough Ave, Tampa

·               Parcel ID # - A-35-28-18-3H0-000009-00001.0

·               Folio # - 104567-0000

·               GPS Coordinates: 27.996399, -82.476578

·               Land Size – 42,515 SF

·               Building Size – 2,400 SF

·               Price per SF based on Building Area- $292/SF

·               Price per SF based on Land Area - $16/SF

·               Most Recent Sale Date – May 2012, $700,000

Located on the northwest corner of the intersection is an Exxon Mobile Gas Station and convenience store. Andy’s Chicken is also a tenant of the convenience store. The convenience store was constructed in 1986, and the property was purchased in May 2012 by Giant Oil Inc. for $700,000. The total land area of the parcel is 42,515 square feet and the total building area is 2,400 square feet.

1539 W Hillsborough Ave, Tampa

Northeast Corner

·        Property Address – 1539 W Hillsborough Ave, Tampa

·        Parcel ID # - A-35-28-18-3GN-000012-00012.0

·        Folio # - 103488-0000

·        GPS Coordinates: 27.99648, -82.47590

·        Land Size – 36,320 SF

·        Building Size – 7,215 SF

·        Price per SF based on Building Area - $385/SF

·        Price per SF based on Land Area - $76/SF

·        Most Recent Sale Date – February 2021, $2,775,000

Located on the northeast corner of the intersection is an O’Reilly Auto Parts store. The property was purchased in 2019 for redevelopment for $865,000 for the land. The store was constructed in 2020. The property was sold once improved to 1539 Hillsborough Holdings LLC for the investment sale of O’Reilly Auto Parts for $2,775,000.

Southeast Corner

·        Property Address – 1510 W Hillsborough Ave, Tampa

·        Parcel ID # - A-02-29-18-3HF-000019-A0000.0

·        Folio # -  105630-0000

·        GPS Coordinates: 27.995512, -82.475121

·        Building Size – 42,533 SF

·        Land Size – 175,245 SF / 4.02 AC

·        Price per SF based on Building Area – $4.70 per SF

·        Price per SF based on Land Area – $1.15 per SF /                                $50,000 per AC

·        Most Recent Sale Date – February 2000, $200,000

Located on the southeast corner of the intersection is Crosswind’s Church. Bethel Assembly of God Inc. has owned the property since February 2000 for $200,000. There was also a recorded transaction for the property prior in 1999, for $205,000. The buildings on the property were constructed in 1967 and 1978. The total land area is 175,245 square feet (4.02 acres), and the buildings total 42,533 square feet. 

1704 W Hillsborough Ave

Southwest Corner

·        Property Address – 1704 W Hillsborough Ave, Tampa

·        Parcel ID # -A-02-29-18-3HP-000000-A0000.0

·        Folio # - 106007-0000

·        GPS Coordinates: 27.995360, -82.476821

·        Building Size – 14,136 SF

·        Land Size – 87,869 SF / 2+ acres

·        Price per SF based on Building Area – $403 per SF

·        Price per SF based on Land Area – $65 per SF / $2,853,950           per AC

·        Most Recent Sales Date – February 2022, $5,707,900

Located on the southwest corner of the intersection is a Walgreens Pharmacy. The pharmacy was constructed in 2001. The most recent recorded transaction in February 2022 was for $5,707,900. The total land area on the parcel is 87,869 square feet (2+ acres). The total building area is 14,316 SF

Thank you for your interest. If you are in need of Appraisal & Valuation Services in the Tampa Bay area contact:

Mike Cliggitt, MAI, MRICS, CCIM

813.405.1705

findvalue@cliggitt.com

Tampa Appraisal & Valuation Services

**Disclosure: All information has been gathered from public record sources such as the property appraiser and traffic maps. **

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