Hillvest Center Retail Plaza 8 Properties Offered at $11,000,000 in Zephyrhills, FL

Hillvest Center presents a rare opportunity to acquire a multi-tenant retail asset with significant upside and future development potential in Zephyrhills, Florida. Situated on nearly 34 acres, this property features an 80,000 SF retail plaza paired with valuable excess land that delivers options for expansion or redevelopment. Current occupancy is robust at over 97%, anchored by a diverse mix of local and service-oriented tenants catering to everyday needs across retail, restaurants, and personal services.
The offering provides immediate income with strong in-place cash flow and major growth prospects through lease-up and rent adjustments to market levels. A substantial portion of leases are month-to-month or short-term, allowing for significant value creation by stabilizing occupancy. With approximately 15 acres positioned for future land use—supporting additional development density—the property appeals to both value-add investors and developers. Located within the fast-growing Tampa Bay region, Hillvest Center benefits from strong traffic patterns, accessible infrastructure, and a growing consumer base, making it an outstanding acquisition for long-term portfolio growth.