Income US Hwy 441- Multi Tenant | 351-355 Plaza Dr
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Income US Hwy 441- Multi Tenant 351-355 Plaza Dr
35,722 SF 100% Leased Retail Building Eustis, FL 32726 $6,000,000 ($168/SF) 8% Cap Rate
Executive Summary
ASKING PRICE: $6,000,000
• Strip center cap rate: 8%
• Additional parcel of 2.25 acres.
STRIP CENTER SIZE: 35,722 Square feet
ZONING: C-2
LAND USE: GC (General Commercial) with the following standards:
• FAR up to 2.5
• 35’ max building height
• Permitted uses are wide open
LOT SIZE: 7.47 Acres (325,560 SF)
BUILDABLE AREA WITH AMPLE PARKING: 50%
NEW POTENTIAL RETAIL/MEDICAL: 162,780 SF plus multifamily above.
BUILT: 1968
PARKING: 194 Surface Spaces
FEATURES: 3 separate buildings, Pylon Sign
FRONTAGE: Plaza Dr 428’, Ruleme St 345’
• Strip center cap rate: 8%
• Additional parcel of 2.25 acres.
STRIP CENTER SIZE: 35,722 Square feet
ZONING: C-2
LAND USE: GC (General Commercial) with the following standards:
• FAR up to 2.5
• 35’ max building height
• Permitted uses are wide open
LOT SIZE: 7.47 Acres (325,560 SF)
BUILDABLE AREA WITH AMPLE PARKING: 50%
NEW POTENTIAL RETAIL/MEDICAL: 162,780 SF plus multifamily above.
BUILT: 1968
PARKING: 194 Surface Spaces
FEATURES: 3 separate buildings, Pylon Sign
FRONTAGE: Plaza Dr 428’, Ruleme St 345’
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
35,722 SF
Building Class
C
Year Built
1968
Price
$6,000,000
Price Per SF
$168
Cap Rate
8%
NOI
$480,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Land Acres
7.47 AC
Zoning
C-2
Parking
155 Spaces (4.34 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Car Charging Station
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 22-19-26-0401-000-03700 | Improvements Assessment | $1,475,122 |
| Land Assessment | $1,361,294 | Total Assessment | $2,836,416 |
PROPERTY TAXES
Parcel Number
22-19-26-0401-000-03700
Land Assessment
$1,361,294
Improvements Assessment
$1,475,122
Total Assessment
$2,836,416
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Income US Hwy 441- Multi Tenant | 351-355 Plaza Dr
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