18714 Craig LoopHudson, FL 34667

Property Details for 18714 Craig Loop

Year built

1960

Lot size

0.82 AC

Property size (Sq ft)

2,072 SF

Zone code

00C2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

06-24-17-0010-00B00-0050

APU

062417001000B000050

Description

This exceptional 2,300 square foot retail building is strategically located on a prime corner lot at 18714 Craig Loop in Hudson, Florida. Boasting a 1.23-acre parcel, this C2 Commercial zoned property benefits from exceptional visibility and accessibility, situated on Route 19 with turning access from both directions during daylight hours. High traffic counts are a significant advantage, with an estimated 45 cars passing per minute on Route 19. A prominent marquee sign is already in place, enhancing visibility and advertising potential. The property currently features rental units, generating immediate income potential. Its location offers further advantages, being less than a mile from a substantial 1,100-acre county property currently on the market. Furthermore, this property holds unique historical significance as the second lot acquired by the county during the construction of overpasses. This provides a built-in level of security, as any future overpass projects would necessitate compensation for the property acquisition. The property's location is also highly convenient, situated a quarter mile south of the Spring Hill and Hudson border, and just minutes from Pasco-Hernando State College, ensuring a strong customer base and employee pool. Owner financing is available for qualified buyers. This is a rare opportunity to acquire a high-value commercial property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $429,723

  6.5%

  $396,668

  7%

  $368,334

• Comparable approach

  Method

  Valuation

  Relative Method

  $228,500

  Geo Method

  $228,500

• Alternative Use

  Use

  Valuation

  Residential

  $491,868

  Hospitality

  $450,548

  Educational

  $374,851

  Medical

  $387,742

  Retail

  $583,101

Location Insight

City

Hudson

County

Pasco

State

Florida

Latitude

28.4297

Longitude

-82.6413

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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