For Sale: Main Street Plaza 8% CAP - 100% OCCUPIED MIXED USE - RETAIL AND MULTIFAMILY PROPERTY
For Sale: Main Street Plaza 8% CAP - 100% OCCUPIED MIXED USE - RETAIL AND MULTIFAMILY PROPERTY
Introducing Main Street Plaza, the epitome of prime commercial real estate located in the vibrant heart of New Port Richey's booming downtown market. With a plethora of investments pouring into the area, this property stands as a testament to the lucrative potential it holds. Exclusively listed by brokers international real estate, main street plaza boasts an impressive stabilized net operating income (NOI) of $122,497.03, ensuring a strong and reliable income stream for discerning investors.
Meticulously renovated in 2022, this property offers a modern and enticing facade that captures the attention of both tenants and customers alike. The recent upgrades include a brand-new roof, enhanced air conditioning systems, and a fresh paint job, providing an attractive and well-maintained environment for businesses to thrive. With all leases thoughtfully structured to include an annual increase of 5% for the retail units, main street plaza secures a future of financial growth and stability. This smart approach ensures a consistent appreciation of rental income, amplifying the investment returns year after year.
Main street plaza's strategic location in the heart of New Port Richey's offers unparalleled access to a bustling community and a strong customer base. The area's rapid development and economic growth create an ideal backdrop for businesses seeking to maximize their exposure and profitability.
Discover the endless potential and extraordinary investment opportunity that main street plaza presents. Don't miss your chance to be part of the thriving downtown market in New Port Richey.
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