10605 Lithia Pinecrest Rd, Lithia, FL 33547-2628

Property Details for 10605 Lithia Pinecrest Rd

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.48 lot acres

Zone code

AR

Property type

Mobile home & RV parks

APN

U223022ZZZ000005219800

APU

U223022ZZZ000005219800

Description

This exceptional investment opportunity in Lithia, Florida, presents a unique blend of commercial and residential real estate. The property encompasses 4.91 acres and features a Class B, 6,182 square foot building complex, including a 3,022 square foot warehouse currently under a three-year lease with a 10% annual rent increase, and a 3,150 square foot house. The property also includes an eight-pad RV park with four park-owned mobile homes, currently operating at 98% occupancy. The warehouse tenant also leases one RV pad. The remaining tenants are on month-to-month leases. The property boasts a strong net operating income (NOI) of $78,198, representing a 6.26% capitalization rate. The asking price is $1,250,000, with seller financing considered for qualified buyers with a 30-40% down payment. Built in 1987, this single-story property offers a diverse income stream and significant potential for future growth. The property's location in Hillsborough County, Florida, provides easy access to major transportation routes and amenities. This is a fee-simple ownership opportunity with a proven track record of profitability. The property includes two buildings and generates a gross revenue of $102,228 (2024 projection). One RV space is currently vacant. The property's APN is U 22 30 22 ZZZ 000005 21980.0.

Location Insight

City

Lithia

County

Hillsborough

State

Florida

Longitude

-82.0937

Latitude

27.8517

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments