Price History

$1,900,000
3/18/2020

$2,500,000
4/19/2023


6451 ULMERTON ROAD, Largo, FL, 33771

6451 ULMERTON ROAD, Largo, FL, 33771

1984

15,300 sqft

High Traffic Location!!! NEW PHOTOS ADDED!! Great Commercial Income investment opportunity with long term Tenants. Highly desirable Ulmerton Road frontage/signage, near US-HWY-19 N. High Traffic volume for great business visibility! Average Daily Traffic Count: 32,000 to 52,000 (SR-688). Zoned C-2: Warehouse, Industrial, Automotive (Light Manufacturing (41). Land Use Code C-G. Property Use: 4105 (Garage/Workshop). 100% Occupancy: All units Fully Rented (0-Vacancy). Rent Rolls & Financials available with 'Proof of Funds' (POF) and signed 'Non-Disclosure Agreement' (NDA). Gross Annual Income: $108,420 (APX). Current CAP Rate should be easy to raise with Adjustments to Long Term Lease Agreements. Rents subject to market adjustment by new owner(s). 16 Total Units are occupied by 5 Long Term Tenants (paying month to month rent). Rents are slightly below "market" and are subject to adjustment (or "otherwise") by new owner. Each Individual (non-combined) original Unit size is apx 956 SqFt. Schedule Showing with Realtor. Do not approach Tenants. Prime location with frontage on main "High Traffic Count" Thoroughfare! Seller IS NOT NEGOTIABLE on Price or Terms.


Status:

Active

Type:

Commercial

Complex:

PINELLAS GROVES

Cooling:

Other

Acreage:

1.16

Est. Taxes:

$13,869

Construction

Block, Concrete

Days on Market:

1107

Lease Term Type:

Month To Month

MLS #:

U8079156


Community Info

School Info

Walk Score

Yelp


Listing courtesy of CHARLES RUTENBERG REALTY INC Phone: 727-538-9200