$900,000
Active · 76 days on market · MLS# MFRTB8503651
| Living area | 4,776 sq ft |
|---|---|
| Lot size | 0.46 acres |
| Year built | 1981 |
| Property type | Retail |
| Waterfront | Yes |
| Annual taxes | $6,430 |
| County | Pasco |
Prime investment opportunity to acquire a 95% occupied commercial plaza in Pasco County, Florida. The property consists of six units, with stable in-place income. This asset requires no immediate capital improvements, 7.65% Cap rate, a new shingle roof (2025), HVAC systems all under three years old, and a recently resurfaced parking lot (completed 2/2026). Current effective NOI is $65,000, Pro Forma NOI $71,000. Potential Income improvements by 2/2027. Only 570 sf unoccupied of total 4777sf available.
Listing courtesy of Ken Mullen, JR, THE ELITE REALTY EXPERIENCE. Presented by MC Homes Realty Inc · 727432218.