1-3 Parcels of Land for Investment or Redevelopment
PROPERTY DESCRIPTION - The opportunity is to purchase 1-3 parcels of land for investment or redevelopment. The property consists of 2 separate buildings; one 2,600 SF building is a vacant gas station with 20,000 gallon double walled underground tanks that sits on .7 of an acre and the second is a 4,250 SF multi-tenant building consisting of 3 individually metered spaces occupied by a pharmacy, barber shop and the US post office with PO boxes, the later two have been tenants for approx. 45 years. The 3rd parcel is a cleared and vacant .34 acre available for development.
LOCATION DESCRIPTION - The property is located at 11505 E. Dr. MLK Jr Blvd in Seffner, FL. It sits on the south-east corner of Hewitt Street and MLK which is a lighted intersection and has access points on both roads.
PROPERTY SIZE - 2.04 Acres
ZONING - CN & CG
EXISTING LEASES BREAKDOWN - The existing multi-tenant buil...
EXISTING LEASES BREAKDOWN - The existing multi-tenant building has 3 full service leases in place as outlined below:
1) Post Office has 2,810 SF and pays $54,000 annually and expires Oct 2025
2) Barber has 450 SF and pays $10,500 annually and expires June 2023
3) Pharmacy has 990 SF and pays $18,840 annually and expires March 2023
Actual Expenses total approx. $10,000/year leaving an NOI of approximately $73,000 with rent increases,
PARCEL ID - 065733-0000, 065733-0050, 065764-0000
PRICE - See next page for pricing