7949 Ulmerton Rd 2,736 SF Office Building Largo, FL 33771 £474,806 (£173.54/SF) 7.94% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Move in ready for business owners seeking flexible showroom or even work from home space
  • Owner user/tenant investment/ Show room, Office, retail, commercial on the first floor and residential on the second floor.,
  • new metal roof 50 yrs warranty, Hurricane impact front double doors, exterior paint, interior kitchen, flooring, shower,
  • commercial building ( mix use potential ) located directly off busy Ulmerton Rd in Largo FL with 47,000+ VDP.
  • First floor is broken up to house up to 1,800sf with a mezzanine with three offices measuring another 936sf on the second floor.

EXECUTIVE SUMMARY

Prior tenant in place for $5000/month. SBA approved! Move in ready for business owners seeking flexible showroom or even work from home space! NO storm damage or Flooding from recent hurricanes. Excellent opportunity to secure this 2,736sf free-standing, commercial building ( mix use potential ) located directly off busy Ulmerton Rd in Largo FL with 47,000+ VDP. The building has undergone several recent improvements including a new metal roof 50 yrs warranty, Hurricane impact front double doors, exterior paint, interior kitchen, flooring, shower, have all been modernly updated to accommodate various business uses such as: Owner user/tenant investment/ Show room, Office, retail, commercial on the first floor and residential on the second floor., given there is a separate entrance through the rear staircase in the back. The first floor is broken up to house up to 1,800sf with a mezzanine with three offices measuring another 936sf on the second floor. The upstairs offices have their entrance and could be rented separately from the lower 1,800sf base due to back entrance. There are lots of windows ( all hurricane impact) and great visibility from a very busy road. Separate entrance to 3 offices upstairs (rental opportunity). Large capacity electrical sign. Available for Lease or Sale. shown by appointment only. please do not walk or tour the property without permission or appointment.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income £37,689 £13.78

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office
Building Size
2,736 SF
Building Class
B
Year Built
1957
Price
£474,806
Price Per SF
£173.54
Net Initial Yield
7.94%
NOI
£37,689
Tenancy
Single
Number of Floors
2
Typical Floor Size
1,368 SF
Building FAR
0.57
Lot Size
0.11 AC
Zoning
C-2
Parking
15 Spaces (5.48 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (71)

PROPERTY TAXES

  • Listing ID: 33840095

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 7949 Ulmerton Rd, Largo, FL 33771