Retail Plaza 12,800 sq/ft - Beverly Hills, FL.

Shopping Center for Sale
Catylist Listing ID: 28553637
Property Subtypes: Mixed Use, Neighborhood Center, Net Leased, Strip Center
Building Size (RSF): 12,800 SF
Gross Building Area: 14,336 SF
Gross Land Area: 1.60 Acres
Sale Price: $799,000
Unit Price: $62.42 PSF
Ceiling: 15 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Regina Plaza
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 9.0%
Last Updated: 10/18/2018

Overview / Comments

This is a 10 unit plaza located in Beverly Hills, Florida. Built in 2003 this retail plaza is in a high traffic area next to Regions Bank, Winn Dixie, Fire Department,Doctors Offices and a 100 unit apartment complex.

Financials

Finance Data Year 2013
Real Estate Taxes - Annual($) $8,892 (Annual)
Tax Value Land $158,000
Tax Value Improvements $715,958
Tax Value Personal Property $0
Assessed Value - Total($) $562,697 (Annual)
Potential Rental Income $186,000 (Annual)
Net Operating Income $108,913 (Annual)
Gross Operating Income $129,442 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Tax ID/APN: 3150153
Zoning: GNC
Market Type: Medium
Retail Clientele: General, Family, Business
Property Located Between: County Road 491 and Regina Blvd
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: CR 491/ Lecanto Highway
Feet of Frontage: 400
Transportation: Bus, Highway, Taxi
Highway Access: Lecanto Highway
Area Description: Beverly Hills in Citrus County Florida
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,250 SF
Property Condition: Excellent
Year Built: 2003
Roof Type: Folded Plate
Construction/Siding: Metal Siding, Steel Frame, Stone
Parking Type: Surface
Parking Description: open parking
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Satellite
Zoning Description: Neighborhood Commercial
Lot Frontage: 400
Lot Depth: 150
Legal Description: (MSP-01-11 ACCEPTED 11/21/01 SURVEY IN OR BK 1467 PG 594-596 PCL 3) PARCEL 3: COM AT THE MOST N COR OF LOT 1 BLK 99 BEVERLY HILLS UNIT 6 SEC 1 PB 11 PG 89, SD PT BEING ON THE SW R/W LN OF REGINA BLVD, AS SHOWN ON SD PLAT, TH N 51D W AL SD SW R/W LN 50 FT TO THE POB, SD PT BEING ON THE NW R/W LN OF S WASHINGTON ST AS SHOWN ON SD PLAT, TH N 39D W AL SD NW R/W LN 167.82 FT, TH N 50D 51M 32S W 419.13 FT, TH N 39D 14M 59S E 166.79 FT TO A PT ON THE SW R/W LN OF SD REGINA BLVD, TH S 51D E AL SD R/W LN 418.40 FT TO THE POB TITLE IN OR BK 1424 PG 2122 & OR BK 1482 PG 528 -- SUBJ TO PERPETUAL NON-EXCLUSIVE EASE FOR INGRESS AND EGRESS AND DRAINAGE AGREEMENT IN OR BK 1946 PG 1055

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,601 23,019 48,733
Median Age: 46.38 58.39 54.67
Households: 3,114 10,788 21,705

Contact

Photograph of Listing Agent

Kevin D Cunningham, CRB, ACP

RE/MAX Realty One CE-FL Member
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