Auto Service Center on Ridge Road

Retail-Commercial for Sale
Catylist Listing ID: 30413394
Property Subtypes: Free-Standing Building, Mixed Use, Service Station/Gas Station, Vehicle Related, Other
Building Size (RSF): 2,892 SF
Gross Building Area: See Agent
Gross Land Area: 0.40 SF
Sale Price: $215,000
Unit Price: $74.34 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Usable Size (USF): 2,892 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/18/2019

Overview / Comments

This property is comprised of 2 parcels totaling .40 acres. It is located on the southwest corner of Ridge Road and Formel Avenue. On the north parcel, zoned C-2 commercial, is an 1,800 square foot auto service center with 3 service bays and office. On the south parcel, zoned R1MH residential, has on it a 1,092 square foot single family home. Ideal for a live/work arrangement.

The property is sited in a dense commercial area with high daily traffic counts. Prominent pylon signage and building position afford excellent exposure. A median cut on Ridge Road makes access from the east and north favorable.

Commercial building on Ridge Road, residential behind
1,800± SF auto center with 3 service bays and office
Adjacent 1,092± SF single family home on Formel Ave.
Ideal owner/user/live/work opportunity
Excellent exposure with prominent pylon signage
125’ frontage on major commuter roadway
33,000 average daily traffic on Ridge Road

Attachments & Media

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Taxing Authority: Pasco County
Tax ID/APN: 28-25-16-0060-00C00-0100; 28-25-16-0060-00C00-0110
Zoning: C-2 & R1MH
Property Visibility: Excellent
Largest Nearby Street: Ridge Road
Feet of Frontage: 125
Traffic/Vehicle Count: 33,000
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Average
Year Built: 1972
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,768 62,870 139,638
Median Age: 40.3 45.25 46.59
Households: 4,363 28,132 61,941
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