Price History
$1,900,000
3/18/2020
$2,500,000
4/19/2023
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