Active

$2,500,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 13500 sq ft
Overview
  • ID: MFROM693403
  • Bedrooms:
  • Bathrooms: 0
  • Size: 13500 sq ft
Property Details
Remarks
This income-producing 13-unit mixed-use business plaza in Citrus County, Florida, part of the Tampa-St. Petersburg MSA, offers a prime investment opportunity. Situated on 1.35 acres of General Commercial-zoned land, the 24,168 SF property consists of four freestanding CBS buildings with 100+ feet of highway frontage along US Hwy 19/S Suncoast Blvd (17,988 AADT). Built-in 1980 and upgraded in 2020, improvements include a partial rebuild of three retail showrooms, a full interior remodel of owner-occupied units, and new roofs across all buildings. The plaza features 13 existing units with potential for 16 total, including three owner-occupied units and 10 service/shop bays at 77% occupancy. Units range from 1,500 to 3,000 SF, each equipped with 10’x10’ roll-up doors, access to single and three-phase power, and 15-foot free-span ceilings. Below-market rents and month-to-month leases provide immediate value-add potential through strategic rent adjustments and lease stabilization. Strategically positioned along the recently expanded eight-lane US Hwy 19, the property benefits from proximity to the $135M Suncoast Parkway expansion, ensuring quick access to Tampa International Airport and metro areas within an hour. Nearby national retailers, including Walmart Supercenter, drive strong commercial demand. The plaza serves a growing population of 46,361 residents within a 15-minute radius, with a median household income of $65,000 and an average age of 58, supporting a diverse tenant base. This versatile commercial asset offers stable income, strong growth potential, and excellent positioning in a high-demand market, making it an attractive acquisition for investors seeking long-term appreciation and enhanced cash flow. Disclaimer: All information provided herein is for marketing purposes only and is not guaranteed for accuracy. Prospective buyers or tenants are encouraged to conduct their own independent due diligence. The seller, broker, and associated parties make no representations or warranties, expressed or implied, as to the accuracy or completeness of this information. All dimensions, zoning details, financial data, and other property-related facts should be independently verified. Please consult with appropriate licensed professionals before making any investment or purchasing decisions.
Financial Considerations
Price:
$2,500,000
HOA Fee:
N/A
Tax Amount:
$13694.43
Price per SqFt:
$103.36
Tax Legal Description:
THAT PT OF N 100 FT OF S 550 FT OF GL 1 OF FRAC SEC 1-20-17 THAT LIES W OF W R/W LN OF US HWY 19 EXC PCL C:BEG AT INT OF S LN OF N 100 FT OF S 550 FT OF GL 1 & W R/W LN OF US HWY 19 SD PT BEING 100 FT FROM MEAS AT RIGHT ANG TO CNTRLN OF US HWY 19 TH S 89 DEG 2M 26S W AL S LN OF N 100 FT OF S 550 FT OF GL 1 SD LN BEING S LN OF LANDS DESC IN OR BK 567 P G 756 SD LN ALSO BEING N LN OF LANDS DESC IN OR BK 705 PG 353 582.35 FT TO PT ON W LN OF GL 1 TH N 0 DEG 43M 29S W AL W LN OF GL 1 TH N 0 DEG 43M 29S W AL W LN 9.34 FT TH N 89 D E G 27M 3S E 582.34 FT TO PT ON W R/W LN TH S 0 DEG 48 M 29S E AL R/W LN 5.17 FT TO POB & PCL B: BEG AT INT OF S L N O F N 1 00 FT OF S 650 FT OF GL 1 OF 1-20-17 & W R/W LN OF US HWY 19 SD PT BEING 100 FT FROM MEAS AT
Exterior Features
Lot Size:
58985
Lot Features:
FloodZone
Waterfront:
No
Parking Spaces:
N/A
Parking:
Over 30 Spaces
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Office Only
Appliances:
N/A
Furnished:
No
Floor:
Concrete
Levels:
N/A
Additional Features
Property Sub Type:
Warehouse
Style:
N/A
Year Built:
1986
Construction Type:
Block, Brick
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
    6410 S SUNCOAST BLVD
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