Storage Business on 3 Prime US 19 Acres

Expired Retail-Commercial for Sale
Catylist Listing ID: 1900953
Property Subtypes: Mixed Use, Retail-Pad
Building Status: Proposed
Building Size (RSF): 26,000 SF
Gross Land Area: 3 Acres
Sale Price: $449,000
Unit Price: $17.27 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: T & G Storage
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 11/22/2017
Last Updated: 11/22/2017

Overview / Comments

T&G Storage business is on 3 prime US 19 acres in Homosassa Florida, with existing indoor storage. Existing buildings include 28-50x146 units, 8-10x10 units and 1-25x40 garage unit. This property is listed with adjacent vacant property for expansion of indoor storage and a retail strip center. Engineering plans and fully approved permits are in-hand for 5 additional indoor storage buildings 2-30x120, 1-30x105, 1-15x30 and 1-20x150 plus a 30x80 4-unit strip retail center. Land is cleared and ready for construction.


Finance Data Year 2011
Real Estate Taxes - Annual($) $8,513 (Annual)
Tax Value Land $302,000
Tax Value Improvements $206,000
Finance Data Year 2010
Real Estate Taxes - Annual($) $8,513 (Annual)
Tax Value Land $302,000
Tax Value Improvements $206,000
Finance Data Year 2009
Real Estate Taxes - Annual($) $8,513 (Annual)
Tax Value Land $302,000
Tax Value Improvements $206,000
Finance Data Year 2008
Assessed Value - Total($) $508,000 (Annual)

Additional Details

Nearest MSA: Homosassa Springs
County: Citrus
Tax ID/APN: 1116686
Zoning: GNC
Market Type: Rural
Retail Clientele: General, Family, Business, Tourist, Recreation
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: US 19
Feet of Frontage: 155
Traffic/Vehicle Count: 35,000
Transportation: Highway
Highway Access: On US 19 / South Suncoast Blvd.
Site Description: Site has active storage business with approved plans for additional units.
Area Description: Citrus County Florida
Tenancy: Multiple Tenants
Total Number of Buildings: 8
Number of Stories: 1
Typical SF / Floor: 3,000 SF
Property Condition: Good
Year Built: 1987
Construction/Siding: Brick
Zoning Description: GNC General Commercial
Lot Frontage: 155
Lot Depth: 544
Easements: Ingress/Egress
Land Ownership: Owned
Legal Description: River Glen PB 2 PG 67 LOT 12 & 13 BLK B EXC W 300 FT BLK B OR BK 733 PG 593 ALT KEY'S 116686 & 1116660

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,729 23,112
Median Age: 50.41 52.62
Households: 4,748 10,263


Photograph of Listing Agent

Kevin D Cunningham, CRB, ACP

RE/MAX Realty One FGCAR CIE Member
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