Active
6451 ULMERTON RD
LARGO FL, 33771
$2,500,000
$163.40 per sqft
Active
15,300 sqft
Commercial
Built in 1984
High Traffic Location!!! NEW PHOTOS ADDED!! Great Commercial Income investment opportunity with long term Tenants. Highly desirable Ulmerton Road frontage/signage, near US-HWY-19 N. High Traffic volume for great business visibility! Average Daily Traffic Count: 32,000 to 52,000 (SR-688). Zoned C-2: Warehouse, Industrial, Automotive (Light Manufacturing (41). Land Use Code C-G. Property Use: 4105 (Garage/Workshop). 100% Occupancy: All units Fully Rented (0-Vacancy). Rent Rolls & Financials available with 'Proof of Funds' (POF) and signed 'Non-Disclosure Agreement' (NDA). Gross Annual Income: $108,420 (APX). Current CAP Rate should be easy to raise with Adjustments to Long Term Lease Agreements. Rents subject to market adjustment by new owner(s). 16 Total Units are occupied by 5 Long Term Tenants (paying month to month rent). Rents are slightly below "market" and are subject to adjustment (or "otherwise") by new owner. Each Individual (non-combined) original Unit size is apx 956 SqFt. Schedule Showing with Realtor. Do not approach Tenants. Prime location with frontage on main "High Traffic Count" Thoroughfare! Seller IS NOT NEGOTIABLE on Price or Terms.
U8079156
MLSⓇ ID
March 18, 2020
Listed
March 22, 2024
Updated
Map
6451 ULMERTON RD
LARGO FL, 33771
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
No
Exterior/Building Features
Lot Size
1.16 Acres
Other Property Details
Area Name
33771 - Largo
Taxes
$13,869
Tax Frequency
Annually
Days on Market
1107
Garage
No
View
No
County
Pinellas
Pool
No
Zoning
C-2
Buyer Agency Compensation
2.0%
Listed by Mark Hartman, Dylan Mayeux with CHARLES RUTENBERG REALTY INC
Listing Contact: 866-580-6402
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Data last updated 3/22/2024, 7:52 AM UTC