Current Use by Public Records
- Retail properties & Spaces
Property Details for 15217 Hwy
- Lot size
- 0.34 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Industrial properties
Description
This 1,311 square foot auto shop, located at 15217 U.S. Hwy 19 in Hudson, Florida, presents a compelling investment opportunity. Situated on a 0.34-acre lot with 100 feet of frontage on US Highway 19, the property boasts a strong 8.2% cap rate. The single-story wood-frame building, constructed in 1977, is currently zoned 00C2 (Pasco County) and is ideal for vehicle sales, detailing, or repair. The asking price is $440,000, with a price per square foot of $335.62. The current lease is a NNN lease with approximately 5 years remaining, generating an annual rent of $36,000, subject to 5% annual escalations. This property offers significant potential for investors seeking a strong return in a high-traffic location. The property's size and highway frontage make it highly visible and easily accessible to customers. The existing lease provides immediate cash flow, while the strong cap rate and potential for future rent increases offer long-term value appreciation. This is a rare opportunity to acquire a well-located, income-producing commercial property in a growing market. Don't miss out on this exceptional investment opportunity.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hudson
- County
- Pasco
- State
- Florida
- Longitude
- -82.6804
- Latitude
- 28.3785
