1,311 SqFt
1,311 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,311 sqft
Price per Sqft $380
Subdivision Gulf Side Estates Second Add
MLS Listing ID TB8520383
Construction Status Completed
HOA Y/N No
Year Built 1977
Annual Tax Amount $1,442
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Business
Source Stellar MLS
Property Description
building with a two-bay automotive service garage. The property features 100 feet of direct US-19 frontage (40,000
AADT) and has a dedicated turn lane. The asset is secured by a 7-year absolute NNN lease (through November 2032),
leaving the landlord with zero expense obligations as the tenant covers all taxes, insurance, and maintenance.
Featuring an annual NOI of $42,000 (year 1) with 3% annual increases and priced at an 8.42% CAP rate, this is a prime
passive investment opportunity along a major Florida growth corridor.
Location
State FL
County Pasco
Community Gulf Side Estates Second Add
Area 34667 - Hudson/Bayonet Point/Port Richey
Zoning C2
Interior
Cooling Office Only
Exterior
Parking Features Secured
Exposure Southeast
Building
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Structure Type Block
New Construction false
Construction Status Completed
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8520383
Nearby Locations
If you have been thinking about selling your home, or are looking to buy your dream home, Lana welcomes the opportunity to meet you!! Feel free to reach out to me so we can discuss your real estate needs.