Investment Opportunity

2,240 SF Specialty Building Offered at $445,000 at a 7.48% Cap Rate in Homosassa, FL 34446

Asking Price $445,000

Property Type: Specialty
Square Feet: 2,240 SF
Price / Square Foot: $199

Listing Contacts

Betti Jean Silverman

Verified Profile

Property Info

Property Overview

Discover an exceptional investment opportunity with this expansive 2.09-acre property, featuring dual income-generating units. The property includes a 3/2 mobile home (1,440 square feet), and a 1/1 house with a bonus room (, providing immediate cash flow minimal operating cost. Strategically positioned within the Economic Development Target Area (EDTA) of the Cardinal Interchange Management zone, this property boasts impressive frontage with 304 feet on W Cardinal Street on a corner lot. The land is high and dry, cleared, with city water, two septic systems, a well and complete fencing. Its prime location offers easy access to the Suncoast Parkway, a 55-mile expressway connecting Tampa's Veterans Expressway to SR 44 in Citrus County. This area is poised for significant growth, with the EDTA focusing on job creation, light industrial activities, manufacturing, restaurants, and transportation-related land uses. An upcoming sewer installation further enhances the property's long-term value and appeal. Additionally, new commercial constructions and a brand-new subdivision of homes are planned nearby, indicating future value appreciation. Act swiftly to secure this prime real estate opportunity before it experiences a surge in both price and value. This is your chance to invest in a property positioned for substantial returns in a rapidly developing area.

Property Details

Class: C
Year Built: 1972
Stories: 1
Property Subtype: Residential Income, Medical
Lot Size (sq. ft): 91,476 SF

Highlights

Income Producing
Commercial development opportunity
close to major highway

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