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Waterfront Commercial Opportunity in Florida

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
Listed by Thomas Dishman · License #3564834
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 (±1% cap)
NOI $75,017 @ 7.0% cap · market cap 3.75%
Second Best
Industrial
$1.05M
$917.0K – $1.22M (±1% cap)
NOI $73,357 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M (±1% cap)
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

Suggested Use

Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Bakery (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Veterinary Clinic Nail Salon Building Supply Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

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.
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