6451 Ulmerton Road LARGO - FL - 33771

  •  2,500,000
  •  Commercial Sale
  •  0
  •  0.0
  •  15,300
  •  1984
  •  1179 Days on market

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.

Legal: PINELLAS GROVES SW 1/4, S 618FT(S) OF N 1244FT(S) OF E 1/4 OF LOT 10

MLS# : U8079156
Property Type : Commercial Sale
Sub Type : Industrial
County : Pinellas
Neighberhood : N/A
Living Sqft : 15,300 sqft
Price per Sqft : $163.40/sqft
Original List Price : $2,200,000
Acres : 1.16
Office Name : CHARLES RUTENBERG REALTY INC
Office Phone : 727-538-9200
Buyers Brokerage Commissions : 2.0%
AirConditioning : Other
Foundation : Slab
Zoning : C-2
Foreclosure : No
Gross taxes : 13,869
Tax Year : 2021
Pool : No
Buildings : 2
Short Sale : No
Net Operating Income : 107000
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