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
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs