$490,000
Active · 44 days on market · MLS# MFRG5111455
| Lot size | 0.39 acres |
|---|---|
| Year built | 1977 |
| Property type | Mixed Use |
| Waterfront | Yes |
| Annual taxes | $5,806 |
| County | Marion |
Belleview Plaza presents an exceptional opportunity to acquire a fully leased, multi-tenant neighborhood retail center with stable in-place income and immediate upside potential. The property consists of four units occupied by a complementary mix of service-oriented tenants, making it a resilient asset in a growing Central Florida corridor. The center is currently fully occupied, generating consistent cash flow with a Net Operating Income (NOI) of approximately $32,639 annually. Each unit is separately metered for electric, with tenants responsible for their own usage, while ownership maintains minimal expense obligations, contributing to efficient operations and predictable overhead. A key highlight of this offering is the below-market rental structure, which creates a compelling value-add opportunity for investors. Rental rates can be increased over time to align with market levels, offering the potential to enhance returns and overall asset value without the need for significant capital improvements. Strategically positioned along SE Abshier Blvd, the property benefits from strong local traffic, easy accessibility, and proximity to surrounding residential neighborhoods, supporting long-term tenant stability.
Listing courtesy of Monica McDonald, EXP REALTY LLC. Presented by MC Homes Realty Inc · 727432218.