Bought with Elias Kirallah • Century 21 J.W.Morton R.E.
$1,800,000
$2,150,000
16.3%For more information regarding the value of a property, please contact us for a free consultation.
8.92 Acres Lot
SOLD DATE : 12/30/2024
Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Not On List
MLS Listing ID 822766
Sold Date 12/30/24
HOA Y/N No
Year Built 2007
Annual Tax Amount $16,737
Tax Year 2022
Lot Size 8.920 Acres
Acres 8.92
Property Description
Sweetwater Plaza is a mix of popular restaurant, retail and office tenants. Triple Net Leased and fee simple ownership, it includes three buildings with approximately 12,000 air conditioned square feet and a shovel ready vacant out parcel with 1.79 acres surplus land valued at $275,000 and 5.2 acres of surplus buildable and conservation land valued at $125,000. The developed site including buildings 1,2 and 3 is on 2.13 acres. This sale includes approximately 9.12 acres in total. Two buildings contain 3,000 s.f. each and one building has approximately 6,000. Currently at 85% occupancy, 10,200 of the of the 12,000 sf is leased and 1,800 sf is available for lease.. Tenants are long term, healthy, and high income earners. Property in excellent condition. Tenants include Breakfast Station, Bay Dermatology, Going Postal, Southern Sun Title, and Dr. Sharma Vein Center. A sixth space of 1,800 s.f. just became available and is ready for occupancy. The value of the 3 buildings at 100% market rate occupancy plus the value of the shovel ready out parcel, conservation and buildable surplus 7 acres and adjusted value is much higher. Billboard on surplus site produces some additional income.
Location
State FL
County Citrus
Area 22
Zoning MDR
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Luxury Vinyl Plank, Tile
Fireplace No
Exterior
Exterior Feature Blacktop Driveway, Paved Driveway
Parking Features Driveway, Paved, Parking Space(s)
Water Access Desc Public
Roof Type Metal
Present Use Medical/Dental,Mixed Use,Office
Building
Lot Description Acreage, Flat, Greenbelt
Story 1
Entry Level One
Foundation Block
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Tax ID 3267405
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Financing Conventional
Special Listing Condition Standard
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