Property summary
This 2,568-square-foot standalone restaurant/retail space is ideally situated in the Holiday area of Pasco County, conveniently located off US19 on Mile Stretch Drive. Currently vacant, this property presents a unique opportunity for a motivated tenant. While the previous tenant performed unpermitted work resulting in a red tag, a detailed list of necessary repairs is available. The landlord is highly incentivized to lease the space and is offering a substantial free rent period of up to one year to the right tenant. The property boasts desirable features including two bathrooms, a private office, a well-equipped kitchen area, and two storage rooms. A unique selling point is the existing brick oven located at the rear of the building. The main seating area is spacious and includes a built-in tap system. Ample parking is available on-site for 14 vehicles, with overflow parking accessible across the street at Pappas Plaza via an existing agreement. The asking rent is $9.60 per square foot, making this an exceptional value in Pasco County, especially considering the extended free rent period offered to facilitate a swift and efficient transition for the new tenant. This property is ready for immediate occupancy and offers significant potential for a variety of businesses.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
00C2 · Holiday, FLZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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