6451 Ulmerton Road, Largo, FL 33771

$1,900,000
15,300
SqFt
List Price
$1,900,000
Status
Active
Days on Market
629
MLS#
U8079156
Property Style
Industrial
Year Built
1984
Living Area
15,300
Lot Size
50,530
Acres
1.16
Total Acreage
1 to less than 2
Legal Subdivision Name
Pinellas Groves
MLS Area Major
Largo

Property Description

NOW OFFERED at $1.9M!!! 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: $107,000 (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!

Additional Information

Taxes Annual
$13662
Community Features
No Deed Restriction
Property Description
One Story
Zoning
C-2
Air Conditioning
Other
Exterior Construction
Block, Concrete
Foundation
Slab
Pool
No Pool
Flood Zone Code
X
Parcel ID
05-30-16-70920-300-1005
Legal Description
PINELLAS GROVES SW 1/4, S 618FT(S) OF N 1244FT(S) OF E 1/4 OF LOT 10

Mortgage Calculator

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Listing courtesy of CHARLES RUTENBERG REALTY INC.

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