Prime investment opportunity to acquire a 95 occupied commercial plaza in Pasco County, Florida.
| Website: | https://www.nestseekers.com/5475836 |
|---|---|
| Address: | PORT RICHEY, FL 34668 |
| Ownership: | Fee Simple |
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| Type: | Retail |
| Lot Size: | 0.5 Acres |
Financials
Price:$900,000
Annual Taxes:$6,430.21
Description
Prime investment opportunity to acquire a 95% occupied commercial plaza in Pasco County, Florida. The property consists of six units, with one established tenant occupying three units and expressing interest in expanding into additional space. This asset requires no immediate capital improvements, featuring a new shingle roof (2025), HVAC systems all under three years old, and a recently resurfaced parking lot (completed two months ago). Current effective NOI is $65,000, with below-market rents in place, presenting a strong value-add opportunity for increased revenue. Potential Income Improvements by (2/2027) upon expiration of current leases. Only 570 sf unoccupied of total 4777sf available.
Amenities
- Bb Hs Internet Capable
- Electricity Available
- Phone Available
- Public
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of THE ELITE REALTY EXPERIENCE | |
