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bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
0
acreage
Acreage
1.35
open houses
Open Houses
-
year built
year built
1986
full baths
Full Baths
0
half baths
Half Baths
0
This income-producing 13-unit mixed-use business plaza in Citrus County, Florida, part of the Tampa-St. Petersburg MSA, offers a prime investment opportunity. Situated on 1.35 acres of General Commercial-zoned land, the 24,168 SF property consists of four freestanding CBS buildings with 100+ feet of highway frontage along US Hwy 19/S Suncoast Blvd (17,988 AADT). Built in 1980 and upgraded in 2020, improvements include a partial rebuild of three retail showrooms, a full interior remodel of owner-occupied units, and new roofs across all buildings. The plaza features 13 existing units with potential for 16 total, including three owner-occupied units and 10 service/shop bays at 77% occupancy. Units range from 1,500 to 3,000 SF, each equipped with 10’x10’ roll-up doors, access to single and three-phase power, and 15-foot free-span ceilings. Below-market rents and month-to-month leases provide immediate value-add potential through strategic rent adjustments and lease stabilization. Strategically positioned along the recently expanded eight-lane US Hwy 19, the property benefits from proximity to the $135M Suncoast Parkway expansion, ensuring quick access to Tampa International Airport and metro areas within an hour. Nearby national retailers, including Walmart Supercenter, drive strong commercial demand. The plaza serves a growing population of 46,361 residents within a 15-minute radius, with a median household income of $65,000 and an average age of 58, supporting a diverse tenant base. This versatile commercial asset offers stable income, strong growth potential, and excellent positioning in a high-demand market, making it an attractive acquisition for investors seeking long-term appreciation and enhanced cash flow.
Location
Subdivision Not On List
County Citrus
Elementary School -
Middle School -
High School -
open houses Open houses
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MLS number: 840830
Listing agent: Elias Kirallah #3123414
Listing broker: Century21 J.W. Morton Real Estate, Inc (352) 726-6668
Copyright © 2025 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Thursday, February 27 2025 at 7:22 p.m. EST
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