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$748,000
Est. payment /mo
1,780 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,780 sqft
Price per Sqft $420
Subdivision Willis Estates Sub
MLS Listing ID TB8527664
HOA Y/N No
Year Built 1958
Annual Tax Amount $2,570
Lot Size 8,276 Sqft
Acres 0.19
Property Sub-Type Retail
Source Stellar MLS
Property Description
***DO NOT DISTURB THE TENANT. This stabilized, single-tenant free standing retail investment offers immediate cash flow with a national credit tenant in place. Approximately two years remain on the current lease term, which includes 3% annual rent escalations, providing built-in rental growth during the remaining hold period.
The property consists of a 1,780-square-foot, single-story retail building situated on an 8,458-square-foot parcel with direct frontage on US Highway 41. Constructed of concrete block, the building has been extensively renovated, including a new roof, HVAC system, flooring, and updated restrooms. The property is in excellent condition with no known deferred maintenance or anticipated near-term capital expenditures. C-2 zoning allows for a broad range of retail, office, and service-commercial uses, providing flexibility for future leasing or owner occupancy.
The property's long-term value is driven by its location along one of Pasco County's primary commercial corridors. Positioned on US Highway 41, the site benefits from approximately 69,000 vehicles per day, providing exceptional visibility and accessibility. The corridor serves as a major connection between Land O' Lakes and the Tampa metropolitan area and continues to experience significant residential and commercial growth. According to FDOT projections, traffic volumes are expected to increase to approximately 87,000 vehicles per day by 2045.
Southern Pasco County remains one of Florida's fastest-growing markets. Population growth, expanding master-planned communities, healthcare investment, and ongoing infrastructure improvements continue to strengthen the area's retail fundamentals. This sustained growth is increasing consumer demand while supporting long-term demand for well-located commercial properties along the US Highway 41 and SR 54 corridors.
The offering combines stable in-place income with future leasing flexibility. Investors benefit from a performing lease, contractual rent increases, a fully renovated asset, low property taxes, a Flood Zone X designation, and a highly visible location on one of Pasco County's busiest commercial corridors. At lease expiration, the property's US Highway 41 frontage and flexible C-2 zoning position it well for re-leasing to a broad range of retail and service users.
Please do not disturb the tenant. Showings are by appointment only with a minimum of 24 hours' advance notice. Contact the listing broker for the financial package and additional information.
The property consists of a 1,780-square-foot, single-story retail building situated on an 8,458-square-foot parcel with direct frontage on US Highway 41. Constructed of concrete block, the building has been extensively renovated, including a new roof, HVAC system, flooring, and updated restrooms. The property is in excellent condition with no known deferred maintenance or anticipated near-term capital expenditures. C-2 zoning allows for a broad range of retail, office, and service-commercial uses, providing flexibility for future leasing or owner occupancy.
The property's long-term value is driven by its location along one of Pasco County's primary commercial corridors. Positioned on US Highway 41, the site benefits from approximately 69,000 vehicles per day, providing exceptional visibility and accessibility. The corridor serves as a major connection between Land O' Lakes and the Tampa metropolitan area and continues to experience significant residential and commercial growth. According to FDOT projections, traffic volumes are expected to increase to approximately 87,000 vehicles per day by 2045.
Southern Pasco County remains one of Florida's fastest-growing markets. Population growth, expanding master-planned communities, healthcare investment, and ongoing infrastructure improvements continue to strengthen the area's retail fundamentals. This sustained growth is increasing consumer demand while supporting long-term demand for well-located commercial properties along the US Highway 41 and SR 54 corridors.
The offering combines stable in-place income with future leasing flexibility. Investors benefit from a performing lease, contractual rent increases, a fully renovated asset, low property taxes, a Flood Zone X designation, and a highly visible location on one of Pasco County's busiest commercial corridors. At lease expiration, the property's US Highway 41 frontage and flexible C-2 zoning position it well for re-leasing to a broad range of retail and service users.
Please do not disturb the tenant. Showings are by appointment only with a minimum of 24 hours' advance notice. Contact the listing broker for the financial package and additional information.
Location
State FL
County Pasco
Community Willis Estates Sub
Area 34639 - Land O Lakes
Zoning C2
Interior
Cooling Office Only
Exterior
Water Access No
Building
Story 1
Foundation Block, Pillar/Post/Pier
Lot Size Range 0 to less than 1/4
Structure Type Block
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Sunny Sidhu RE/MAX PREMIER GROUP
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