Introducing Congress Street Industrial Plaza, an exceptional commercial property strategically positioned at the heart of New Port Richey's thriving market, where unprecedented investment opportunities abound. Exclusively listed by Brokers International Real Estate, this remarkable property promises a lucrative venture for astute investors seeking a prime location with substantial income potential.
With a stabilized Net Operating Income (NOI) of $131,967.52, Congress Street Industrial Plaza represents a robust investment opportunity in a rapidly developing area. The property underwent extensive renovations in 2022, including remodeling of units, installation of new air conditioning systems, and fresh paint, ensuring a modern and inviting atmosphere for tenants and customers alike.
One of the key highlights of Congress Street Industrial Plaza is its advantageous location, placing it amidst the vibrant commercial hub of New Port Richey. The area's booming market has attracted significant investments, making it an ideal destination for businesses looking to capitalize on the city's economic growth.
In addition to its prime location, the property benefits from a high-traffic area, ensuring excellent visibility and exposure for businesses within the plaza. With a substantial daily traffic count, your tenants will enjoy a steady stream of potential customers, maximizing their business potential and enhancing their profitability.
Furthermore, the leasing structure of Congress Street Industrial Plaza offers investors long-term stability and growth. All leases are thoughtfully structured with annual increases of 3% - 5% for the retail units, providing a steady and predictable income stream, thereby safeguarding your investment against inflation and market fluctuations.
Congress Street Industrial Plaza presents an exceptional opportunity to secure a well-positioned, remodeled, and income-generating commercial property in the thriving New Port Richey market.
