Active

$590,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 1980 sq ft
Overview
  • ID: MFRTB8370497
  • Bedrooms:
  • Bathrooms: 0
  • Size: 1980 sq ft
Property Details
Remarks
Now offered at $590,000, recently reduced from $675,000, this commercial asset represents a strong investment opportunity in one of Wesley Chapel’s most strategic locations—directly across from the Saddlebrook Resort. The building consists of two separately metered units, each offering just under 1,000 square feet of well-maintained commercial space. Both units are currently leased by the same established tenant, generating a total monthly rental income of $4,546. The leases are structured to remain in place through January 2026, providing stable cash flow and a clear return horizon. There is also potential for lease renewal upon expiration, adding to the long-term investment appeal. In 2025, seller says a new roof was installed, and a recent inspection was completed, with all noted items professionally repaired by the seller. The property has been proactively maintained, making it well-positioned for continued occupancy or future tenant transitions. As part of a professionally managed complex, the property benefits from monthly HOA dues of approximately $600, which cover water service and grounds maintenance—streamlining ownership for investors. Additionally, the seller notes that there is an upcoming drainage system repair planned for all buildings in the complex, with each owner expected to contribute approximately $8,000 toward the improvement. In a show of goodwill and to support a smooth transaction, the seller has agreed to credit this full amount to the buyer at closing with any attractive purchase documents—turning what might have been a future expense into an immediate value-add for the new owner. Full HOA documentation is available upon request. This is a rare chance to acquire a fully leased, income-generating commercial property in one of Pasco County’s fastest-growing corridors. With strong lease terms, recent capital improvements, and a seller credit in place for future repairs, this property checks all the boxes for investors seeking dependable returns and long-term value.
Financial Considerations
Price:
$590,000
HOA Fee:
N/A
Tax Amount:
$6139.59
Price per SqFt:
$295
Tax Legal Description:
COM AT NE COR OF SEC ALSO BEING NE COR OF VILLAGES AT WESLEY CHAPEL PHASE 2B PB 30 PG 117 TH S00DEG29' 28"W 1209. 44 FT TH S71DEG41' 56"W 211.94 FT FOR POB TH S18DEG18' 04"E 9.50 FT TH N71DEG41' 56"E 3.00 FT TH S18DEG18' 04"E 21.00 FT TH S71DEG41' 56 "W 3.00 FT TH S18DEG18' 04"E 9.50 FT TH S71DEG41' 56"W 50.00 FT TH N18DEG18' 04"W 40.00 FT TH N71DEG41' 56"E 50.00 FT TO POB OR 8782 PG 1937
Exterior Features
Lot Size:
2063
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
Common
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
Carpet, Luxury Vinyl
Levels:
One
Additional Features
Property Sub Type:
Office
Style:
N/A
Year Built:
2000
Construction Type:
Block, 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
    28947 STATE ROAD 54 #28947 & 28949
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