Price Reduced 13.28%
Price History
$3,200,000
2/4/2025
$2,775,000
2/25/2025
6410 S Suncoast BOULEVARD, Homosassa, FL, 34446
1986
13,500 sqft
This income-producing 13-unit mixed-use business plaza in Citrus County, Florida, part of the Tampa-St. Petersburg MSA, offers a prime investment opportunity. Situated on 1.35 acres of General Commercial-zoned land, the 24,168 SF property consists of four freestanding CBS buildings with 100+ feet of highway frontage along US Hwy 19/S Suncoast Blvd (17,988 AADT). Built-in 1980 and upgraded in 2020, improvements include a partial rebuild of three retail showrooms, a full interior remodel of owner-occupied units, and new roofs across all buildings. The plaza features 13 existing units with potential for 16 total, including three owner-occupied units and 10 service/shop bays at 77% occupancy. Units range from 1,500 to 3,000 SF, each equipped with 10’x10’ roll-up doors, access to single and three-phase power, and 15-foot free-span ceilings. Below-market rents and month-to-month leases provide immediate value-add potential through strategic rent adjustments and lease stabilization. Strategically positioned along the recently expanded eight-lane US Hwy 19, the property benefits from proximity to the $135M Suncoast Parkway expansion, ensuring quick access to Tampa International Airport and metro areas within an hour. Nearby national retailers, including Walmart Supercenter, drive strong commercial demand. The plaza serves a growing population of 46,361 residents within a 15-minute radius, with a median household income of $65,000 and an average age of 58, supporting a diverse tenant base. This versatile commercial asset offers stable income, strong growth potential, and excellent positioning in a high-demand market, making it an attractive acquisition for investors seeking long-term appreciation and enhanced cash flow.
Status:
Active
Type:
Commercial
Units:
16
Complex:
ROOKS BROTHERS INDUST PARK UNREC
Garage:
Over 30 Spaces
Cooling:
A/C - Office Only
Levels:
1
Lot Size:
100 x 580
Acreage:
1.35
Est. Taxes:
$13,694
Construction
Block, Brick
Utilities
Public
Lot Description:
FloodZone
Days on Market:
21
MLS #:
OM693403
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of CENTURY 21 J.W.MORTON R.E. Phone: 352-726-6668