3451 Louise Ln Hernando, FL 34442

This prime 13-unit retail plaza, totaling 25,500 square feet, presents a compelling investment opportunity. Located in Hernando, Florida, on a 3.27-acre lot with 632 feet of highway frontage on SR 200, this property benefits from high visibility and excellent access. The center features 71 parking spaces and currently boasts 94% occupancy with a diverse tenant mix including bars, restaurants, and other retail businesses. Built in 2011, the single-story building is zoned GNC (General Neighborhood Commercial), offering significant potential for future growth. The current Net Operating Income (NOI) is $162,096, with a pro-forma NOI of $271,200, reflecting a 6.12% cap rate and a pro-forma cap rate of 10.23%. The asking price is $2,650,000, translating to $103.92 per square foot. Situated within the Citrus County submarket of the Tampa/St. Petersburg MSA, this property benefits from a growing population and significant infrastructure development, including the recent expansion of the Suncoast Parkway. The property's location within a thriving community, coupled with its strong tenant base and significant upside potential, makes it an attractive investment for discerning buyers. Detailed lease abstracts are available upon request. The property is offered fee simple.