LandsofAmerica.com
#1 in Rural Real Estate Online

Similar Properties

Available

2.29 acres in Hillsborough County, Florida

$1,650,000 2.29 Acres
Bedroom Bathrooms 12744 Sq.Ft.
Property ID 3055051

Description

2+ acre commercial multi-use property with 11 rental motel rooms, 2 coin operated car wash facilities, one (1) 3,200 sq. ft. steel storage building with two (2) 14' overhead doors, and one (1) 2/2 renovated mobile home. Operations proforma NOI of $180,000 achievable within 90-120 days of acquisition.

INVESTMENT HIGHLIGHTS
Cash flow from 11 room motel (80% - 90% average monthly occupancy), self-serve car wash, automated car wash, and renovated 2/2 mobile home generate in-place NOI of $160,000. Significantly under market room rental rates and car wash automated/self-serve charges can be quickly marked-to-market by new owner for near-term revenue increases. Restored to full-use and marked to existing market rates, this one-of-a-kind mixed use commercial asset provides an impressive 16% cash-on-cash return within 3-6 months of acquisition.

Resources

Virtual Tour  

Tax Data (Show Tax Data)

Contact Seller

Fill out this form to contact Seller about this property

Marc Pfleger

KELLER WILLIAMS ST PETE REALTY

111 2nd Ave NE Ste 400
St. Petersburg, FL

Other Land for Sale in Hillsborough County

    NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.