Nikki Ansons - Coldwell Banker Ackley
5807 N Ellerbee Road
WESLEY CHAPEL, FL 33543

$1,050,000

Description

This beautiful commercial property is being offered by the owners are entitled to immediate development of approximately 151,589 square feet of C2 general commercial property. Access to the subject parcels will be provided via 498 feet of SR 54 frontage. It has been said that in commercial real estate, timing can be everything. And there has never been a better time for the development of Wesley Chapel than now. Two commercial properties with the possibility of an additional property are prime for development of a hotel, industrial, multi-family, retail and office use. All of the properties are currently leased. There are 3 rents coming in that are on a one-year renewal basis. The owners CAP Rate is 8.4%. A road cut is in the center of the SR 54 frontage and the Ellerbee Road corner property and 498 feet of frontage currently provide for open access. A water collection pond is in the front of one of the properties and is listed as a water collection area with no retention restrictions; therefore it is in the process of being filled in. The community of Wesley Chapel is one of the fastest growing sectors in Florida, with a growth rate of 280% from 2000 to 2017. Development of the area was planned around lakes and open spaces. Meadow Pointe has extensive new housing developments and recreational facilities in close proximity to these commercial. The site is flat and cleared to grade. There is an easterly SR54 left turn cut onto Ellerbee Rd and a right only from the property front road cut on SR54.

Details

MLS#T3117000
StyleIndustrial
Sub-TypeResale
StatusActive
Year1940
Days On Site205

Features

SQ Feet2,400
Story(s)1

Market Activity 33543

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Area Information

StateFL
CountyPasco
CityWESLEY CHAPEL
Zip Code33543
Area33543 - Zephyrhills/Wesley Chapel
Listing VS Median (in 33543)
Price:
$1,050,000
low | high
Med:
$273,950
100% of Average
SqFt:
2,400
low | high
Med:
2,658
39.270833333333% of Average
$ / SqFt:
$438
low | high
Med:
$103
100% of Average
On Site:
205
low | high
Med:
140
100% of Average
Listing Updated: 01/22/2019
MLS Number: T3117000
Listing Provided By:
Charlie Meeks  of  KELLER WILLIAMS - NEW TAMPA

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