5053 SE ABSHIER BLVD BOULEVARD, Belleview, Florida, United States, 34420

490,000
for Sale
16,988

About the property:

Belleview Plaza presents an exceptional opportunity to acquire a fully leased, multi-tenant neighborhood retail center with stable in-place income and immediate upside potential. The property consists of four units occupied by a complementary mix of service-oriented tenants, making it a resilient asset in a growing Central Florida corridor. The center is currently fully occupied, generating consistent cash flow with a Net Operating Income (NOI) of approximately $32,639 annually. Each unit is separately metered for electric, with tenants responsible for their own usage, while ownership maintains minimal expense obligations, contributing to efficient operations and predictable overhead. A key highlight of this offering is the below-market rental structure, which creates a compelling value-add opportunity for investors. Rental rates can be increased over time to align with market levels, offering the potential to enhance returns and overall asset value without the need for significant capital improvements. Strategically positioned along SE Abshier Blvd, the property benefits from strong local traffic, easy accessibility, and proximity to surrounding residential neighborhoods, supporting long-term tenant stability.
Property Type:
Mixed Use
Status:
for Sale
House Style:
Other
Acres:
0.39
Area:
34420 - Belleview
Heating Type:
0
Directions:
From Leesburg go north on 441/301 towards Belleview. Property will be on the right.
Is I C I:
Yes
Is Multi Tenant:
Yes
Is Market:
Yes
Is Media:
Yes
Is Mix:
Yes
Is Other:
Yes
Is Retail:
Yes
Is Service:
Yes
Is Unit:
Yes
Annual Property Taxes:
5,806
Listing ID:
G5111455

Rooms

Dimensions

Brokered by:
The Mount Dora Group
Presented By: