RENEE SELLS REAL ESTATE IN FLORIDA

5807 N Ellerbee Road, WESLEY CHAPEL, FL 33543 (MLS # T3117000)

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PRICE $1,050,000
SIZE 2,400 sq ft
LOT SIZE 2.03 ac

This beautiful commercial property is being offered by the owners are entitled to immediate development of approximately 209,959 square feet of C2 general commercial property. Access to the subject parcels will be provided via approximately 700 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 owner’s CAP Rate is 8.4%. A road cut is in the center of the SR 54 frontage and the Ellerbee Road corner property and 700 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 can be 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.

DAYS ON MARKET 522 LAST UPDATED 11/23/2019
TRACT 26 YEAR BUILT 1940
COMMUNITY Zephyrhills/Wesley Chapel COUNTY Pasco
STATUS Active PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
ADDITIONAL PARCELS DESCRIPTION 09-26-20-0000-00700-0060
ADDITIONAL PARCELS YN 1
BUILDING AREA SOURCE Public Records
BUILDING AREA TOTAL 2400.00
BUSINESS TYPE Distribution
COM TRANSACTION TYPE Commercial Sale
CONSTRUCTION MATERIALS Siding
COOLING A/C - Office Only
COUNTRY US
COUNTY OR PARISH Pasco
FLOOD ZONE CODE X
FRONT FOOTAGE 271
HEATING Natural Gas
LEASABLE AREA 0
LIST AGENT AOR Tampa
LIST AOR Sarasota - Manatee
LOT SIZE DIMENSIONS 271 x 298
MLS AREA MAJOR 33543 - Zephyrhills/Wesley Chapel
MLS STATUS Active
NEW CONSTRUCTION YN 0
NUMBER OF LOTS 1
PROPERTY SUB TYPE Office
PROPERTY TYPE Commercial
PUBLIC SURVEY RANGE 20
PUBLIC SURVEY SECTION 9
ROAD FRONTAGE TYPE Highway
SEWER Public Sewer
SPECIAL LISTING CONDITIONS None
STORIES TOTAL 1
TAX ANNUAL AMOUNT 7964.00
TAX YEAR 2018
TOTAL ACREAGE Two + to Five Acres
UTILITIES Electricity Available, Public
WATER ACCESS YN 0
WATER EXTRAS YN 0
WATER VIEW YN 0
WATERFRONT FEET TOTAL 0
WATERFRONT YN 0
YEAR BUILT 1940


29 Car-Dependent



 
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Listed with MICHAEL SAUNDERS & COMPANY
Copyright © 2019 My Florida Regional MLS DBA Stellar MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Mid Florida MLS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Charles Rutenberg Realty participates in the My Florida Regional MLS DBA Stellar MLS Internet Data Exchange (IDX) program, allowing display of other broker’s listings on this site. However, this website may not include all listings currently available. Information is deemed reliable but not guaranteed. Information last updated on 12/7/19 8:17 PM PST.