Investment Neighborhood Shopping Plaza
10091 US Highway 441, Belleview, Florida 34420
Sold: $743,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
9,000 sqft
Land Size
35,284 sqft
Sewer
Septic
Zoning
B4
Year Built
1986
Roof
Shingle
Parking
29
Property Description
Jaramillo Commercial Real Estate is pleased to exclusively represent the owner of this 9k sf shopping plaza in Belleview, FL, near the Villages. The property constists of 8 retail spaces and currently has 2 spaces available for lease.
- Traffic Counts: 27,500
- 10 Minute Drive Population: 50,758
- 15 Minute Drive Population: 117,998
- 10 Minute Drive Average Household Income: $72,488
- On Retail Row just north of downtown Belleview
- All tenants current in rent
- NOI $66k - current, not proforma.
- Leasing the remaining space would result in a 10% cap.
- Cap Rate 8.3% on existing income.