Mixed Use Investment or Redevelopment Assemblage

Multi-Family for Sale
Also listed as Retail-Commercial, Industrial
Catylist Listing ID: 30803187
Property Subtypes: Mixed Use
Number of Units: 3 Units
Building Size (RSF): 7,579 SF
Gross Land Area: 1.50 Acres
Sale Price: $775,000
Unit Price: $258,333.33 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/5/2022

Overview / Comments

Three-parcel, 7,579sf mixed-use income assemblage on approximately 1.5 acres in a commercial zone with residential, industrial, and retail components. The property is located about 1/3 mile from US19N. Hudson and Pasco County are experiencing strong growth.

Building 1 is a 912sf 3-bedroom, one bath home with central air and a pool, built in 1972. This property has a month-to-month tenant and rents for $1,200/ month.
Building 2 is a 1,335sf duplex with a 2 bed, one and a half bath apartment with window air conditioning on one side that rents for $800/ month.

Building 3 is a commercial building with 880sf office and 2,452sf two bay garage, body shop with A/C, and 2,000sf storage/ warehouse space. The office and used car lot is rented on a month-to-month basis for $700/ month. The garage is rented at $700/ month. The owner uses the 2,000sf storage space. The owner offers boat storage for $40/ month and trailer storage for $20/ month on the back lot. Current rents total $3,400, with plenty of upside potential.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pasco
Tax ID/APN: 23-24-16-0060-00200-0060
Zoning: 00C3
Total Number of Buildings: 3
Year Built: 1975
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 25
Heat Type: Electricity
Heat Source: Central
Fuel: Electric

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,185 32,971 73,853
Median Age: 59.76 52.73 49.79
Households: 2,059 14,924 32,772
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