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:
Presented By: