Strip Center in Sumterville with Warehouse
617 US Highway 301, Sumterville, Florida 33585
Sold: $1,000,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
16,550 sqft
Land Size
1.48 acres
Zoning
Commercial
Year Built
2009
Parking
Paved
Property Description
This property is comprised of one parcel; 1.5+/- acers of commercial land, with retail and commercial rental units. There are 9 retail units and 10 contractor warehouse spaces. Paved parking and great visibility, with easy access. Located on US 301, 1/8 of a mile south of C – 470 in Sumterville FL. Sumterville is already feeling the impact of The Villages southern movement. This is the perfect location to serve the growing population of Sumter County. The retail strip center is concrete block construction; the warehouses are metal buildings. Retail Center: 9 spaces - Lease rate $12 sqft.; Warehouse Space: 10 units - Lease rate $5 sqft. 8% cap rate. NOI is $100,000 annually.