Current Use by Public Records
- Office Spaces
Property Details for 1501 Us-441
- Year built
- 2002
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional Class A, two-story medical office building in The Villages, Florida, offers 9,040 square feet of space, currently 100% occupied across five units. Situated on a 0.126-acre lot at 1501 US-441, this property boasts a prime location directly across from UF Hospital, ensuring high visibility and convenient patient access. Built in 2002 and renovated in 2023, the building features 7,753 square feet of net rentable space, currently generating a NOI of $179,101, with a pro-forma NOI of $245,348 and a pro-forma cap rate of 7.25%. The asking price is $3,385,000 ($374.45/sq ft). The largest tenant lease (3,268 sq ft) expires 3/31/2026 without renewal options; other tenants are on month-to-month leases, presenting a value-add opportunity. This fee-simple property is zoned PUD and represents a rare opportunity to own a highly visible medical building in a thriving retirement community. The building's strategic location and potential for increased rental income make it an attractive investment for owner-users seeking a strong presence in The Villages. The property features four credit-rated tenants.
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Location Insight
- Map
- Local Demand
- City
- Lady Lake
- County
- Sumter
- State
- Florida
- Longitude
- -81.9566
- Latitude
- 28.9517
