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Property Description

Very attractive Owner/User property with in-place rental income and strong future potential. 22,800 SF total building with approximately 14,000 SF available for occupancy. Tenant 1 (State of Florida - Pasco County Child Support Services) occupies 8,882 SF, generates $182,000/year in gross income, with approximately 3 years remaining on lease and willingness to extend long-term. Tenant 2 (Current Owner) occupies approx. 5,000 SF, produces $103,000/year in gross income, and can vacate or remain based on buyer preference. Detached 1,512 SF house on site is currently occupied and may be used by the owner or leased separately for additional income. Property features a high parking ratio with approximately 133 spaces and potential for outside storage on a large lot. IMPROVEMENTS INCLUDE NEW ROOF (2023), EXTERIOR PAINT (2023), TENANT 1 NEW CARPET AND PAINT (2023). Estimated NOI: $123,827 with Potential NOI: $235,511. Ideal for service-based businesses such as electricians, plumbers, HVAC contractors, or any office user in need of flexible space and abundant parking.

Overview

Property Status
For Sale
Lot Size
2.36 Acres
MLS ID
TB8404015
Property Type
Commercial
Year Built
1986

Features & Amenities

Roof
Shingle
Air Conditioning
Central Air
Substructure
Concrete Perimeter, Slab
Sales Price
$2,700,000
Real Estate Tax
$28,079/yr
Zoning
C2

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2119 GRAND BLVD

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