3451 E Louise Ln

Investment Highlights

71 Parking Spaces 3.27 Acres Zoned GNC Commercial 639' Of Highway Frontage Cross Connected between two highways. US 41 and SR 200

Executive Summary

We're proud to offer the 200 Plaza, a 12-unit, 25,500 SF CBS Neighborhood Shopping Center situated within the Citrus County Submarket of the Tampa/St Petersburg MSA. Occupying an entire city block on a 3.27-acre lot zoned as General Neighborhood Commercial (GNC), it boasts a stable tenant mix of local businesses. With over 632? of highway frontage on SR 200, it ensures full ingress and egress on N Carl G Rose Hwy (11,300 AADT), just north of the controlled intersection of US 41 N (9,500 AADT). The center offers 71 well-lit surface parking spaces (2.8/1,000 SF NRA) and houses a diverse range of tenants currently occupying 89% of the building, from professional offices to retail establishments and beauty services. The center's prime location places it amidst flourishing communities like Inverness, Crystal River, Citrus Springs, Beverly Hills, Lecanto, and Ocala. Citrus County, home to 153,600 residents, is primed for growth with potential expansion of up to 350k residents under the county?s LDC. With infrastructure developments underway to accommodate an expected 30,000 new residents by 2030 and boasting the 3rd highest number of vacant parcels (61,000) in Florida, it's a hotspot for development. Furthermore, its position within the Tampa?St. Petersburg?Clearwater MSA, the 18th largest in the U.S., underscores its significance in the nation's premier real estate market.

• Sale Type    Investment
• Sale Condition    Business Value Included
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Freestanding General Retail Restaurant General Retail Storefront Storefront Retail/Office
• Building Size    26,580
• Building Class    B
• Year Built    2011
• Price    2,650,000
• Price Per SF    100
• Cap Rate    3.37
• NOI    89,220
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.19
• Land Acres    3.27 AC

• Corner Lot
• Signage