Prime Multi Unit Shopping Plaza, has 7,250 rentable Sq. Ft. and is divided into 6 units. One is also further divided to accommodate an A and B to provide a total of 7 units. Each of the 6 are deeded separately and can be sold together or separately in the future. All this is a haven for outdoor enthusiasts and sportsmen, offering a wealth of opportunities in Inglis, Florida, Levy County, known as 'Floridas Natural Paradise'. Situated at the intersection of Highway 40 and US 19 (with a combined AADT of 14,300), occupying the South East corner and accessible from two roads, both County Highway 40 E. and Palmetto Drive behind the subject property, with an designated 66' wide driveway access, lies the subject property: a 1.80 + or acre parcel, with 200 feet of Highway 40 frontage and less than 150 feet from US19/US98, zoned retail/commercial in the Municipal Service District, part of the Spring Protection Area. This zoning allows for 70% F/RR and A/RR coverage, permitting a variety of uses including Urban Services, Commercial, and even increased residential density for the subject parcel and the surrounding parcels, paving the way for more suburban development in the future. To the South, the 66' drive access provides for the possibility of additional expansion behind the subject building and or a drive through, if ever needed.
?90% leased to long term tenants and anchored by a national tenant, Subway. The multiple tenants and individual deeds provide for a stable income or cash flow in the future as well as options for selling the units individually.
This subject building was constructed in late 1995 and has been maintained over the years with many improvements. In 2023 the entire roof was replaced (yes, with a 15 year guarantee, that is transferrable). The parking lot was re surfaced in 2021 and the overall building is in above average condition. There is no differed maintenance. These spaces are highly usable and functional for a variety of general retail, professional/medical office users and service companies. All areas are finished beautifully with quality building materials that leave a lasting impression. Further upgrades include new HVAC installed between 2009 and 2023, a video monitoring system, also a fenced in area for storage.
This is an Attractive Investment Opportunity: With its prime location, versatile zoning, functional design, and quality finishes, the Plaza presents an attractive investment opportunity for potential tenants or buyers seeking retail/commercial space in the area. The property taxes are low at $8,400.00/year and the building insurance is only $5,700.00 per year.
The gross income is currently at $88,000.00 per year. Please keep in mind, this property is anchored by a Subway location that has been there for over 15 years, its literally a fixture of the community and has just renewed the lease. There is room to escalate the rents in the future.
Florida has been very desirable for many reasons, but no state income tax and the growth it has seen in the past two decades is incredible. Now, this area of Levy County has been selected by several developers and large tracks of land have changed hands in the past 6 months. We are talking about several thousand acres. Also Withlacoochee Electric Co Operative has made public plans for additional expansion and has the acquired land. This property is a "Crown Jewel" for any investor. No one will pay for potential, so we are including it for free!
Prime Multi Unit Shopping Plaza, has 7,250 rentable Sq. Ft. and is divided into 6 units. One is also further divided to accommodate an A and B to provide a total of 7 units. Each of the 6 are deeded separately and can be sold together or separately in the future. All this is a haven for outdoor enthusiasts and sportsmen, offering a wealth of opportunities in Inglis, Florida, Levy County, known as 'Floridas Natural Paradise'. Situated at the intersection of Highway 40 and US 19 (with a combined AADT of 14,300), occupying the South East corner and accessible from two roads, both County Highway 40 E. and Palmetto Drive behind the subject property, with an designated 66' wide driveway access, lies the subject property: a 1.80 + or acre parcel, with 200 feet of Highway 40 frontage and less than 150 feet from US19/US98, zoned retail/commercial in the Municipal Service District, part of the Spring Protection Area. This zoning allows for 70% F/RR and A/RR coverage, permitting a variety of uses including Urban Services, Commercial, and even increased residential density for the subject parcel and the surrounding parcels, paving the way for more suburban development in the future. To the South, the 66' drive access provides for the possibility of additional expansion behind the subject building and or a drive through, if ever needed.
?90% leased to long term tenants and anchored by a national tenant, Subway. The multiple tenants and individual deeds provide for a stable income or cash flow in the future as well as options for selling the units individually.
This subject building was constructed in late 1995 and has been maintained over the years with many improvements. In 2023 the entire roof was replaced (yes, with a 15 year guarantee, that is transferrable). The parking lot was re surfaced in 2021 and the overall building is in above average condition. There is no differed maintenance. These spaces are highly usable and functional for a variety of general retail, professional/medical office users and service companies. All areas are finished beautifully with quality building materials that leave a lasting impression. Further upgrades include new HVAC installed between 2009 and 2023, a video monitoring system, also a fenced in area for storage.
This is an Attractive Investment Opportunity: With its prime location, versatile zoning, functional design, and quality finishes, the Plaza presents an attractive investment opportunity for potential tenants or buyers seeking retail/commercial space in the area. The property taxes are low at $8,400.00/year and the building insurance is only $5,700.00 per year.
The gross income is currently at $88,000.00 per year. Please keep in mind, this property is anchored by a Subway location that has been there for over 15 years, its literally a fixture of the community and has just renewed the lease. There is room to escalate the rents in the future.
Florida has been very desirable for many reasons, but no state income tax and the growth it has seen in the past two decades is incredible. Now, this area of Levy County has been selected by several developers and large tracks of land have changed hands in the past 6 months. We are talking about several thousand acres. Also Withlacoochee Electric Co Operative has made public plans for additional expansion and has the acquired land. This property is a "Crown Jewel" for any investor. No one will pay for potential, so we are including it for free!
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 7250.00
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Utilities
Carport Spaces: 0.00
Cooling: Central Air
Road Frontage Type: County Road
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2023
Other Features
Country: US
Legal Description: 02-17-16 PLAZA 40 CONDOMINIUM UNIT 18 OR BOOK 1701 PAGE 229
Beasley Tire, a well rooted and long standing staple in Citrus and Levy County, is now available for a new owner to continue its legacy. This full service automotive and tire repair business has been
***PRIME COMMERICAL PROPERTY*** 192 feet on Hwy 19 and 117 feet on the Withlacoochee River in Inglis.Fl. Currently the property is a used car business sales lot, the business is not for sale, only the
Beasley Tire, a well rooted and long standing staple in Citrus and Levy County, is now available for a new owner to continue its legacy. This full service automotive and tire repair business has been
New Listings & Price Reduction Updates sent directly to your email
Create Your Own Property Search saved for your return visit.
"Like" Listings and Create a Favorites List
* NOTICE: By creating your free profile, you authorize us to send you periodic emails about new listings that match your saved searches and related real estate information.If you provide your telephone number, you are giving us permission to call you in response to this request, even if this phone number is in the State and/or National Do Not Call Registry.