Active

$1,675,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 6230 sq ft
Overview
  • ID: MFROM687305
  • Bedrooms:
  • Bathrooms: 0
  • Size: 6230 sq ft
Property Details
Remarks
Prime Medical Office Building occupied by credit tenant Tampa General Hospital with an NNN lease, securing income through 2028 and the potential for a renewal. This freestanding Medical Office Facility, constructed from concrete block with stucco exterior, has undergone multiple improvements over the past 10 years. Positioned on 1.04 acres of General Commercial property, it offers over 165 feet of frontage on US 19 with an attractive daily traffic count of 28,000 (AADT), 25 dedicated parking spaces, and an additional 16 overflow spaces owned by the county. The interior includes a waiting area, reception area, four restrooms, seven exam rooms with sinks, five private offices, a storage/file room, a lab room, a surgery room, and nurse station areas in the hallway. Centrally located, the property is surrounded by national retailers such as Publix, Winn-Dixie, and various national quick-service restaurants. The patient population within a 5-mile radius is approximately 31,734 residents, with an average age of 55.6 and healthcare expenditures exceeding $75 million annually. Nearby communities—including Floral City, Hernando, Beverly Hills, Lecanto, and Crystal River—are within a short 15-25 minute drive. Recently, US 19 was expanded to six lanes, which is expected to increase future traffic. The extension of the Suncoast Parkway (SR 589) from SR 44 in Lecanto offers easy access to Tampa International Airport (1 hour 6 minutes, or 74.7 miles away) and to surrounding counties such as Hernando, Pasco, and Hillsborough. Located within the rapidly growing Citrus County, part of the Tampa-St. Petersburg MSA—the 18th largest in the U.S.—the area has a population of 155,582, growing at an annual rate of 1.29%. Citrus County, ranked as the 34th largest county in Florida, has significant growth potential, with over 60,000 vacant parcels green-lit for development. Plans are also underway to expand utilities across the county and improve several major highways, including the recent completion of the 589-Toll Road extension to SR-44, with further expansions to CR-486 slated for early 2023.
Financial Considerations
Price:
$1,675,000
HOA Fee:
N/A
Tax Amount:
$11467.46
Price per SqFt:
$268.86
Tax Legal Description:
UNIT 5 OF HOMOSASSA LOTS 3 4 5 6 7 & 8 BLK 230 & W1/2 OF VACATED PENNSYLVANIA AVE IN RES 70-37 OR BK 270 PG 364 DESC IN OR BK 768 PG 1795 & OR BK 804 PG 1404
Exterior Features
Lot Size:
45175
Lot Features:
Corner Lot, FloodZone
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 19 to 30
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Office
Style:
N/A
Year Built:
1988
Construction Type:
Block, Brick, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    3475 S SUNCOAST BLVD
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