1251 Commercial Way Spring Hill, FL 34606-4513
This exceptional offering presents a unique opportunity to acquire a thriving custom furniture manufacturing business and its accompanying real estate. Located at 1251 Commercial Way, Spring Hill, FL 34606, this property boasts a prime location on a busy thoroughfare with over 45,000 vehicles passing daily (per FDOT data). The 8,926 square foot facility, situated on a 37,677 square foot lot, was constructed in 2000 and underwent a comprehensive renovation in 2022. The building features a 1,500 square foot showroom, a designer office, and an 8,500 square foot manufacturing center, all fully operational and equipped for seamless transition of ownership. Key features include a gated rear truck entrance, two grade-level roll-up doors, three restrooms (ADA compliant), and two private offices. The property is fully air-conditioned, with new HVAC systems installed in 2023. The business itself generated $2,030,646.44 in revenue and $614,026 in Seller Discretionary Earnings (SDE) in Year 1. The asking price for the combined real estate and business is $3,750,000. The property is zoned CG and offers significant growth potential. The single-story building is ready for immediate occupancy, with possession available September 12, 2024. This is an owner-user investment opportunity not to be missed.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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