Waterfront Commercial Opportunity in
4001 SHOAL LINE Blvd Hernando Beach, FL 34607
4001 SHOAL LINE Blvd, Hernando Beach, FL, 34607
$1,999,999
For Sale
$1,999,999
Multi-use commercial building on 1.75 acres with Gulf views.
Property Size6,040 SF
Lot Size1.75 Acres
Price / SF$331.13
Days on Market88
Property Features for 4001 SHOAL LINE Blvd
General Information
- Standard status
- Active
- Size
- 6,040 SF
- Lot size
- 1.75 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency
Coldwell Banker Weaver Group Realty
(419) 651-2084
Listed by
Thomas Dishman · License #3564834
(419) 651-2084
Source
Elliman
Added: Apr 24 Checked: Jul 19 at 6:44 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Weaver Group Realty
Investment Insights
Based on property information with market context.
This multi-use commercial building offers an exceptional waterfront opportunity in Hernando Beach, Florida. The 6,040± square foot building is situated on approximately 1.75 acres of prime waterfront land, providing unobstructed Gulf views. Located on a high-visibility main roadway, the property benefits from consistent daily traffic and strong year-round appeal to locals, tourists, and boaters. Its position along a well-traveled waterway, where boaters from Hernando Beach South and Middle pass to access the community boat lift, creates steady marine traffic and visibility from the water, offering strong potential for marine-related exposure and future income opportunities. The flexible layout includes office space, warehouse areas, and a former restaurant build-out, along with upper-level living quarters. Fenced and camera-monitored RV and boat storage areas generate income, and tenant space is currently occupied by a golf cart sales and rental operator. Previously operated as a waterfront restaurant with four upstairs office suites, the property offers a variety of repositioning or redevelopment options. Surrounded by marinas, residential neighborhoods, and established coastal attractions, the property enjoys a strategic location with convenient access to US-19, Spring Hill, Weeki Wachee, and the greater Tampa Bay area. The waterfront setting and high marine traffic make this property well-suited for marine-oriented businesses, hospitality concepts, mixed-use development, or multi-tenant commercial use. The property has a bike score of 26, indicating it is somewhat bikeable, and a walk score of 3, indicating car-dependence.
Key Highlights
- Prime 1.75± acre waterfront property with unobstructed Gulf views.
- High‑visibility location on a main roadway, appealing to locals, tourists, and boaters.
- Unique positioning on a well‑traveled waterway ensures steady marine traffic.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.5k | $21.60 |
| − Vacancy | −$10.4k | −$1.73 |
| EGI | $120.0k | $19.87 |
| − OpEx | −$45.0k | −$7.45 |
| NOI | $75.0k | $12.42 |
6,040 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.07M
$937.7K – $1.25M
NOI $75,017 @ 7.0% cap · market cap 3.75%
Second Best
Industrial
$1.05M
$917.0K – $1.22M
NOI $73,357 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,311 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Mixed-use property - Multi-use commercial building on 1.75 acres with Gulf views.
Where is this mixed-use property located?
The property is located at 4001 SHOAL LINE Blvd Hernando Beach, FL.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Prime 1.75± acre waterfront property with unobstructed Gulf views.; High‑visibility location on a main roadway, appealing to locals, tourists, and boaters.; Unique positioning on a well‑traveled waterway ensures steady marine traffic.