Remarks

Sweetwater Plaza is a mix of popular restaurant, retail and office tenants. Triple Net Leased and fee simple ownership, it includes three buildings with approximately 12,000 air conditioned square feet and a shovel ready vacant out parcel with 1.79 acres surplus land valued at $275,000 and 5.2 acres of surplus buildable and conservation land valued at $125,000. The developed site including buildings 1,2 and 3 is on 2.13 acres. This sale includes approximately 9.12 acres in total. Two buildings contain 3,000 s.f. each and one building has approximately 6,000. Currently at 85% occupancy, 10,200 of the of the 12,000 sf is leased and 1,800 sf is available for lease.. Tenants are long term, healthy, and high income earners. Property in excellent condition. Tenants include Breakfast Station, Bay Dermatology, Going Postal, Southern Sun Title, and Dr. Sharma Vein Center. A sixth space of 1,800 s.f. just became available and is ready for occupancy. The value of the 3 buildings at 100% market rate occupancy plus the value of the shovel ready out parcel, conservation and buildable surplus 7 acres and adjusted value is much higher. Billboard on surplus site produces some additional income.

Details

MLS#: 822766
Price: $2,150,000

Style: Office
Year Built: 2007

County: Citrus
Subdivision: Not on List
Tax Fee: 16737.21