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Waterfront Commercial Opportunity in Florida
For Sale
$1,999,999

4001 Shoal Line Boulevard, Hernando Beach, FL 34607

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 Market187

Property Features for 4001 Shoal Line Boulevard

General Information

Standard status Active
Size 6,040 SF
Lot size 1.75 Acres

Building Details

Year Built 1986
Listing Agency: COLDWELL BANKER WEAVER GROUP REALTY
Listed By: Thomas Dishman · License #BK3564834
Source: Livewelltampabay
Added: Apr 24 Changed: Oct 25 Last Checked: Oct 7 at 2:24PM

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

Rey
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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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$75,017
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,340 $1.5M
Cap Rate 7%
$1,071,671 $1.1M
Cap Rate 9%
$833,522 $833.5K
Market Conditions
NOI Build-Up for 6,040 SF
Gross rent
$130.5K $21.60/SF
− Vacancy
−$10.4K −$1.73/SF
EGI
$120.0K $19.87/SF
− OpEx
−$45.0K −$7.45/SF
NOI
$75.0K $12.42/SF
Area
Hernando County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,340
Cap Rate 7%
$1,071,671
Cap Rate 9%
$833,522

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 authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Bakery Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

166
Businesses Nearby

Demographics for 34607, FL

8,544
Population
5,025
Households
1.7
Avg Household Size
58
Median Age
24%
College-Educated
94%
High-School Grad
63.7 sq mi
ZIP Area
134
Density / Sq Mi
$61,221
Median Household Income
$31,126
Median Earnings
$1,226
Median Rent
$343,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

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 Boulevard 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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