116 W KINGS HIGHWAY Center Hill, FL 33514

Building Details

Year Built

1994

Listing office ERA GRIZZARD REAL ESTATE l***@eragrizzard.com Show Phone

Listing date Apr 10, 2025

Source Exitrealty

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Investment Insights

Based on property information with market context.

This property offers an investment opportunity with a 6.7% CAP Rate, featuring a 5,037 square foot building with finished offices and approximately 3,222 square feet of warehouse space. The building is located directly on County Road 48, also known as Kings Highway, at the corner of Florida Avenue, within the City of Center Hill. The property is zoned CH, or Heavy Commercial, and sits on a 0.84-acre lot with dimensions of 183 feet by 201 feet. The building was remodeled in 2024 and includes new offices, an administration and waiting area, a conference room, and a breakroom. The warehouse portion features five grade-level overhead rollup doors, a security-fenced storage yard, and new electrical service. The seller requires a leaseback during the completion of their new facility. The building and property are well-maintained. The location is less than an hour from Orlando or Ocala and minutes from The Villages. The property is suitable for commercial real estate purposes, including flex space, industrial uses, warehousing, and office space.

Key Highlights

• High‑yield investment opportunity with an attractive 6.7% CAP rate.
• Recently remodeled in 2024 with new offices, admin area, conference room, and breakroom.
• Large warehouse space (3,222+\/- SF) with 5 grade‑level overhead doors and a security‑fenced storage yard.

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FAQs

What type of property is this?

Flex space - Remodeled commercial building with warehouse space and investment opportunity.

Where is this flex space located?

The property is located at 116 W KINGS HIGHWAY Center Hill, FL.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: High‑yield investment opportunity with an attractive 6.7% CAP rate.; Recently remodeled in 2024 with new offices, admin area, conference room, and breakroom.; **Large warehouse space (3,222+\/- SF) with 5 grade‑level overhead doors and a security‑fenced storage yard.**