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610 N 6th Ave

4,720 SF 100% Leased Retail Building Wauchula, FL 33873 £273,858 (£58/SF) 10.87% Net Initial Yield

Investment Highlights

  • Retail Strip with 5 unit self-storage spaces in rear of property
  • Property features parking lot with three points of ingress and egress | Property features pylon sign adding visibility to the property
  • Excellent retail location along N Sixth Avenue / US Highway 17 with 14,000+ vehicles per day along N Fifth Avenue and 12,500+ vehicles per day
  • Value-Add Opportunity: Significant potential for increased revenue through leasing the remaining vacant space, with current occupancy at just 39.75%
  • Rear self-storage units are accessible from both the front of the property entrance with dedicated turn lane
  • Located in a dense retail hub along the main thoroughfare into downtown Wauchula

Executive Summary

Retail Strip with 5 unit self-storage spaces in rear of property | Value-Add Opportunity

Attachments

Retail Strip and Self Storage - Wauchula, FL OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,720 SF
Building Class
C
Year Built
1981
Price
£273,858
Price Per SF
£58
Net Initial Yield
10.87%
NOI
£29,768
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Lot Size
0.61 AC
Zoning
C2 - General Commercial
Parking
7 Spaces (1.48 Spaces per 1,000 SF Leased)
Frontage
85 ft on N 5th Ave

Amenities

  • Pylon Sign
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Nearby Major Retailers

Buddy's Home Furnishings
The YMCA
Beef O' Brady's

PROPERTY TAXES

Parcel Number 0434-25-0240-00003-0004 Improvements Assessment £109,705
Land Assessment £73,200 Total Assessment £182,905

PROPERTY TAXES

Parcel Number
0434-25-0240-00003-0004
Land Assessment
£73,200
Improvements Assessment
£109,705
Total Assessment
£182,905
(513) 878-7723

Contacts

  • Listing ID: 32817107

  • Date on Market: 15/08/2024

  • Last Updated:

  • Address: 610 N 6th Ave, Wauchula, FL 33873

The Retail Property at 610 N 6th Ave, Wauchula, FL 33873 is currently available for sale. Contact Marcus & Millichap for more information.

Nearby Listings

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610 N 6th Ave, Wauchula, FL for sale Building Photo- Image 1 of 5
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610 N 6th Ave, Wauchula, FL for sale Building Photo- Image 2 of 5
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610 N 6th Ave, Wauchula, FL for sale Building Photo- Image 4 of 5
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© 2024 CoStar Group

610 N 6th Ave
(513) 878-7723 x

610 N 6th Ave

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Darpan Patel

(513) 878-7723

(513) 878-7723

Frank Simcic

(813) 387-4819

(813) 387-4819

Logan Lofgren

(813) 387-4822

(813) 387-4822

Dan Yozwiak

(614) 360-9036

(614) 360-9036

Sam Elyassaki

(813) 387-4725

(813) 387-4725

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