For Sale
$600,000

5513 Chaparral LnHoliday, FL 34690

Distressed Retail Plaza, High Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
This 8,202 square foot, single-story shopping center in Holiday, Florida presents a unique value-add investment opportunity. Located at 5513 Chaparral Ln, 34690, this distressed property sits on 0.48 acres and is currently 18% occupied with two month-to-month tenants. The property, built in 1979, consists of ten units within a single building and is classified as Class D. The sale is an "as-is" transaction. Currently zoned C2 commercial, the future land use designation is IL, allowing for light industrial applications. The property is situated in an AE flood zone. This multi-tenant, gross lease property offers significant upside for an investor seeking to reposition or redevelop the asset. The asking price is $600,000. The property's current condition and zoning provide a compelling opportunity for a buyer to capitalize on its potential. This is a value-add investment with potential for significant returns.

Highlights

  • Distressed property, sold as-is.
  • Month-to-month tenants.
  • Two tenants currently occupy the plaza.
  • Located in an AE flood zone.
  • Current zoning: C2.
  • Future land use designation: IL (Light Industrial).

Property Details for 5513 Chaparral Ln

Property type
Lifestyle centers, Power centers
Square Feet
8,202 SF
Class
D
Year Built
1979
Buildings
1
Stories
1
Units
10

Location Insight

City
Holiday
County
Pasco
State
Florida
Latitude
28.1987892
Longitude
-82.7229478
5513 Chaparral Ln, Holiday, Florida

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5513 Chaparral Ln
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