2119 Grand Blvd - Light Distribution FOR SALE


Holiday, FL 34690- Northeast Holiday
$2,700,000 USD
727-493-3642
2119 Grand Blvd, Holiday, FL for Sale
$2,700,000 USD
Light Distribution - FOR SALE
1/23
null | 8.72% Cap Rate

2119 Grand Blvd
Holiday, FL 34690
Northeast Holiday


HIGHLIGHTS

  • Two tenants in place with strong renewal interest, providing stable cash flow. 7040 sq ft vacant rentable office space.
  • Excellent parking with significant outside storage potential.
  • Recent capital improvements and C-2 zoning on 4.77 acres.
  • Highly visible property: passed by 15,000 daily drivers.
  • Located in the growing area of Pasco County: forecasts predict growth of 20% between '24-'29.

OVERVIEW

Excellent investment opportunity featuring two strong tenants. The State of Florida (Department of Child Support Services) occupies 8,882 SF with approximately three years remaining on the lease and has expressed interest in extending for 10+ years. The current owner occupies 6,880 SF and is open to remaining in place or vacating based on the buyer’s needs. Additionally, 7,040 SF of vacant office space is available for lease. The property also includes a 1,512 SF single-family home, currently occupied, which can provide additional rental income. Recent improvements include a new roof (2023), exterior paint (2023), and updated carpet and interior paint in the State’s office suite. Total current gross income is $261,197 annually, with potential to increase through lease-up of the vacant office space and residential unit. Potential NOI is $235,511. Situated on a large 4.77-acre C-2 zoned lot, the property offers approximately 133 parking spaces and excellent potential for outside storage or expanded commercial use. Ideal for a variety of users, including medical offices, professional services, or service-based businesses such as electricians, plumbers, and HVAC contractors—especially those needing ample parking or flexible office space.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

8.72%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Warehouse, Light Distribution, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

117

LAND DETAILS

LAND ACRES

4.77

LAND SF

207,781

ZONING

C-2

APN/PARCEL ID

29-26-16-0010-06000-0050,29-26-16-0010-06000-0060

ASK ABOUT THIS PROPERTY

Ozlem AnilLPT REALTY, LLC.More Info
727-493-3642

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Ozlem AnilLPT REALTY, LLC.More Info
727-493-3642

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.