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Commercial Recently Sold
$2,300,000

BTC: 34.61668940

ETH: 746.97879555

Sold on: 2022-07-15
120 days
0 room(s)
23,161 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

GREAT INVESTMENT! Over 23000 sqft of immaculate industrial warehouse space is now available! The property has 4 total income-producing units with long-term tenants; paying below-market rent resulting in a huge value-add. The average rent is about $6 sqft. While the market is ranging from $9.50-to $15. Additional Parcel for Sale: 1.36 Acer industrial property ready to be built for an additional $350,000, right across the street. The estimated amount of warehouse space available for this lot is about 11,000-13,000 sqft. Conservatively projecting a $77,500 - $92,750 NOI at $8.50 sqft which is significantly below the market for new construction industrial space. *THIS VACANT LAND IS NOT INCLUDED IN LISTING PRICE* PLEASE CONTACT THE LISTING OFFICE TO EXECUTE THE NDA. UPON EXECUTION OF AN NDA; THE FINANCIAL PACKET WILL BE RELEASED. DO NOT GO TO PROPERTY! TENANTS ARE NOT AWARE OF THE SALE! PLEASE CALL THE LISTING AGENT OR THE LISTING OFFICE!

Location

Florida • PORT RICHEY • 34668 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
2003
Lot:
0.66 Acres
Heating:
No Data
Price/sqft:
$110
Cooling:
Central Air
HOA:
No Data
All facts and features

  • Cooling

    • Central Air

  • Property

    • Levels: One

    Lot

    • Lot: 0.66 Acres

    Other Property Information

    • Parcel Number: 162533020.0000.00002.0

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Warehouse

  • Other financial information

    • Annual tax amount: $13,466

  • Source details

    • MLS ID: U8155582

    Other facts

    • Construction Materials: Metal Frame / Metal Siding

    • Foundation Details: Slab

    • Living Area: 23161

    • Subdivision Name: GALWAY SUB

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BROKERS INTERNATIONAL REAL ESTATE