Active

$2,775,000

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.
Financial Considerations
Price:
$2,775,000
HOA Fee:
N/A
Tax Amount:
$13694.43
Price per SqFt:
$114.73
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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