For Sale
$440,000

15217 HwyHudson, FL 34667

High-Cap Rate Auto Shop in Hudson, FL

Overview

Added:
Dec 11, 2024
Days on market:
112
This 1,311 square foot auto shop, located at 15217 U.S. Hwy 19 in Hudson, Florida, presents a compelling investment opportunity. Situated on a 0.34-acre lot with 100 feet of frontage on US Highway 19, the property boasts a strong 8.2% cap rate. The single-story wood-frame building, constructed in 1977, is currently zoned 00C2 (Pasco County) and is ideal for vehicle sales, detailing, or repair. The asking price is $440,000, with a price per square foot of $335.62. The current lease is a NNN lease with approximately 5 years remaining, generating an annual rent of $36,000, subject to 5% annual escalations. This property offers significant potential for investors seeking a strong return in a high-traffic location. The property's size and highway frontage make it highly visible and easily accessible to customers. The existing lease provides immediate cash flow, while the strong cap rate and potential for future rent increases offer long-term value appreciation. This is a rare opportunity to acquire a well-located, income-producing commercial property in a growing market. Don't miss out on this exceptional investment opportunity.

Highlights

  • $440,000 asking price for this 1,311 SF auto shop.
  • Located at 15217 U.S. Hwy 19, Hudson, FL 34667, on a 0.34-acre lot with 100 feet of highway frontage.
  • Retail/industrial property with a wood-frame building, built in 1977, and currently operating as a vehicle sales/repair facility.
  • NNN lease in place with approximately 5 years remaining, generating $36,000 annual rent with 5% annual escalations.
  • 8.20% cap rate, priced at $335.62 per square foot.

Property Details for 15217 Hwy

Property type
Retail properties, Industrial properties
Square Feet
1,311 SF
Stories
1
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Hudson
County
Pasco
State
Florida
Latitude
28.3784593
Longitude
-82.6804369
15217 Hwy, Hudson, Florida

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15217 Hwy
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