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12504 - 12640 US Highway 301 - Morningside Plaza - Morningside Plaza, Dade City, FL

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12504 - 12640 US Highway 301 - Morningside Plaza - Morningside Plaza

Dade City, FL 33525 - Pasco County Submarket

(1.2 MB)

Property Type:Retail Sub Type:- Status:Existing Year Built:1996
Building Size:75,155 SF Land Area:10.38 AC (452,153 SF)
For Sale Price:$3,050,000 Price/SF:$40.58
Cap Rate:-
Parking:492 Surface spaces are available; Ratio of 6.55/1,000 SF Anchor Tenants:Dollar Tree

Operating expenses $4.05/sf includes CAM, Real Estate Tax and Insurance. Newly renovated - high visibility with a new SWEETBAY SUPERMARKET CONVERSION from Kash n Karry.

Sale Notes:
Starting Bid: $800,000
Participation Deposit: $10,000
Action Starts: 4/24/2017
Auction Ends: 4/26/2017

Morningside Plaza, is a 75,155 square foot shopping center in Dade City, FL in the greater Tampa trade area. Originally constructed in 1985 and anchored by Kash N Karry and CVS, the center has long been established as a staple in the local community. The property is conveniently located along US Highway 301 and benefits from daily traffic counts of over 32,000 vehicles. The property is shadow anchored by a Wal-Mart that creates additional pedestrian traffic for the shopping center. There are a mix of credit and local tenant in this major regional corridor. The former anchor grocery space offers dock high loading ramps that are ideal for a pet store, hobby store, hardware, or ethnic grocer. A redevelopment of anchor space into other uses will benefit the property.

SVN Florida Sarasota Office
Ashley Bloom
(941) 961-7109 x201

J. Chris Malkin
(941) 366-1136 x200

Ten-X, LLC
Jeff Book
(949) 236-5519

Ten-X Commercial
(800) 793-6107

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