Property Details for 40047 Cord St

Year built

1981

Lot size

7.82 lot acres

Property size

52,000 SF

Property type

Industrial properties

Property subtype

Distribution centers

Description

This distressed sale presents a unique opportunity to acquire a 52,000-square-foot industrial facility in Zephyrhills, Florida. The property, built in 1981, sits on 7.82 acres and includes 38,000 square feet of warehouse space and 14,000 square feet of two-story office space. The building boasts a 24-foot ceiling height and ample parking with 86 spaces. Strategically located near US 301, it's approximately one mile from Zephyrhills Municipal Airport and 40 miles from Port Tampa Bay, offering excellent accessibility. The property is adjacent to railroad tracks, presenting potential for future rail access. This is a single-tenant property previously occupied by Century Boats, a well-known boat manufacturer with a rich history. The sale includes the real estate and business assets, including intellectual property, equipment, and inventory, and is part of a bankruptcy auction. The Tampa industrial market shows significant growth, low vacancy rates, and consistent rent increases, making this a potentially lucrative investment. The substantial lot size allows for future expansion, increasing long-term appreciation potential. The property's location within the Tampa MSA, a thriving industrial market, further enhances its investment appeal. This is a rare chance to acquire a significant industrial asset with considerable upside potential. The auction requires all bids to be submitted by a specified deadline.

Location Insight

City

Zephyrhills

County

Pasco

State

Florida

Longitude

-82.1537

Latitude

28.2519