For Sale
$995,000

104 Reynolds St Plant City, FL 33563

Historic Downtown, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
135
Exceptional investment opportunity in a vibrant Plant City, Florida location. This 8,301 square foot multi-tenant building, constructed in 1910, boasts a prime location in the historic downtown commercial district, listed on the National Register of Historic Places. The property features a blend of office and retail spaces, currently enjoying 95.41% occupancy with a strong mix of local tenants. The building offers two street entrances on W Reynolds Street and N Collins Street, along with a spacious rear parking lot. The asking price is $995,000, representing a compelling $119.87 per square foot and a 5.86% cap rate with a current NOI of $58,322. The property sits on a 0.2-acre lot and benefits from its proximity to Interstate 4, providing easy access to Tampa and Orlando. The area is experiencing significant residential and commercial growth, with numerous new developments planned or underway within a five-mile radius. This includes the presence of major distribution centers for companies such as Amazon, Tesla, Publix, Home Depot, Advance Auto Parts, and Save-A-Lot. The strong demographics, with a population exceeding 66,800 within a five-mile radius and projected 6.2% growth by 2027, further enhance the investment potential. This is a rare chance to acquire a well-established, high-performing asset in a thriving market. The building features original facade and updated interiors, and the lease type is gross.

Highlights

  • 8,301 square foot multi-tenant building with a 95.41% occupancy rate.
  • Historic building (1910) listed on the National Register of Historic Places, featuring a blend of office and retail spaces with updated interiors.
  • Prime location in Plant City's historic downtown, with two street entrances and ample rear parking.
  • Located 1.5 miles from I-4, offering easy access to Tampa and Orlando.
  • Strong surrounding demographics with a population exceeding 66,800 within a 5-mile radius and projected 6.2% growth by 2027.
  • Situated near major distribution centers (Amazon, Tesla, Publix, Home Depot, Advance Auto Parts, Save-A-Lot).

Property Details for 104 Reynolds St

Property type
Retail properties, Office properties
Square Feet
8,301 SF
Year Built
1910
Lot Size (sq. ft)
8,712 SF

Location Insight

City
Plant City
County
Hillsborough
State
Florida
Latitude
28.01625813129
Longitude
-82.12382110122

FAQs

What type of property is this?
Retail property - Historic Downtown, High Occupancy
Where is the retail property located?
The property is located at 104 Reynolds St Plant City, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 8,301 square foot multi-tenant building with a 95.41% occupancy rate.; Historic building (1910) listed on the National Register of Historic Places, featuring a blend of office and retail spaces with updated interiors.; Prime location in Plant City's historic downtown, with two street entrances and ample rear parking.
How can I contact the broker?
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104 Reynolds St
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