7926 Congress Street, Port Richey, FL
Industrial for Sale - $849,000 - 6,384 Sq. Ft. on 0.53 acres
Agent Info
| Erin McAree |
Property Info
| CIMLS# | 1146832 |
| Location 7926 Congress Street Port Richey FL 34668 | |
| Updated | August 14th, 2023 |
| Type | Industrial |
| Price | $849,000 |
| Building | 6,384 Sq. Ft. |
| Land | 0.53 acres |
Property Description
Price Reduction - Motivated Seller! 7% Cap Rate. 6,384 sq ft warehouse with a total of 1500 sqft of office, bathroom and storage space within. This building is in a sought after industrial area with desirable zoning and is currently priced lower than rebuild cost. This property has a fresh phase 1 environmental. Recently replaced metal siding, sky lights and fresh painted building with composite wood accent. Current tenant recently moved in and will sign a 5 year lease at 6000 per month gross. The tenant is a 20 year auto repair shop who recently moved into this building to expand his business and would like to stay in place.
Financials
NOI $58,500
Cap Rate 7.00%
5 year lease at 6000 per month gross
