McGahans Estate | 9946 SE US Highway 441
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McGahans Estate 9946 SE US Highway 441
3,975 SF 100% Leased Retail Building Belleview, FL 34420 $2,250,000 ($566/SF)
Investment Highlights
- 500+ Feet of S US Hwy Frontage
- Communications Tower Leasae Transfer
- Quarter Mile from NEW Publix and Mavis Tire
- Billboard
- B-2 & B-5 Commercial Zoning
Executive Summary
Great location on the ever expanding US Hwy 441 in Belleview. There is 500+ft of road frontage with already established ingress / egress. Property was formerly used heavy equipment sales. Existent structures are on 2 of the 3 parcels, there is a mobile home, and older motel that is being used as office suites and an existing billboard. The property is currently generating income from the mobile home ($1600), motel office suites ($6000) and open area used as storage yard ($1000). All three parcels in the sale
span the full corner of SE 100th St which is the secondary entrance to Cobblestone North and Cobblestone Phase II. Multiple uses exist from this site and location ranging from; Flex warehouse space, RV storage, personal storage, construction equipment sales, cold storage, moving firms, truck terminals, utility co. service yard. The neighboring properties to the north of subject property are newly established towing company and car wash. Seller is currently applying for B-5 zoning across all 3 parcels, which will take about 4-5 months (5/21/2024 updated).
span the full corner of SE 100th St which is the secondary entrance to Cobblestone North and Cobblestone Phase II. Multiple uses exist from this site and location ranging from; Flex warehouse space, RV storage, personal storage, construction equipment sales, cold storage, moving firms, truck terminals, utility co. service yard. The neighboring properties to the north of subject property are newly established towing company and car wash. Seller is currently applying for B-5 zoning across all 3 parcels, which will take about 4-5 months (5/21/2024 updated).
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,975 SF
Building Class
C
Year Built
1958
Price
$2,250,000
Price Per SF
$566
Percent Leased
100%
Building Height
1 Story
Building FAR
0.01
Lot Size
6.59 AC
Zoning
B5 - Community & Heavy Business
Parking
10 Spaces (2.52 Spaces per 1,000 SF Leased)
Frontage
500 FT on Hwy 441
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $154,695 | |
| Land Assessment | $289,520 | Total Assessment | $444,215 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$289,520
Improvements Assessment
$154,695
Total Assessment
$444,215
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McGahans Estate | 9946 SE US Highway 441
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