Excellent Investment Opportunity with Strong Tenancy and Income Potential
This well-positioned property offers a compelling investment opportunity, generating a combined gross income of $384,000 annually from two established tenants. The State of Florida (Department of Child Support Services) occupies 8,882 SF, paying $182,000/year, with approximately three years remaining on the lease and strong interest in extending for 10+ years. The current owner occupies the balance of the space, generating $202,000/year, and is flexible to either remain in place or vacate, based on the buyer’s preferences.
The property also includes a 1,512 SF single-family residence, currently occupied, with the potential to generate an additional $27,000/year in rental income.
Recent capital improvements provide long-term value and reduced maintenance, including:
New roof (2023)
New carpet and paint (Tenant 1 suite – 2023)
New exterior building paint (2023)
Situated on a large C-2 zoned lot with approximately 133 parking spaces, this property offers excellent potential for outside storage, expanded commercial use, or continued government and office tenancy. Ideal for investors seeking steady income with upside, or owner-users looking for a strategic location in Holiday, FL.