4607 Mile Stretch DrHoliday, FL 34690

Property Details for 4607 Mile Stretch Dr

Year built

1958

Lot size

0.14 AC

Property size (Sq ft)

2,352 SF

Zone code

00C2

Property type

Retail properties

Property subtype

Bars

APN

30-26-16-0010-04700-0260

APU

3026160010047000260

Description

This 2,568-square-foot standalone restaurant/retail space is ideally situated in the Holiday area of Pasco County, conveniently located off US19 on Mile Stretch Drive. Currently vacant, this property presents a unique opportunity for a motivated tenant. While the previous tenant performed unpermitted work resulting in a red tag, a detailed list of necessary repairs is available. The landlord is highly incentivized to lease the space and is offering a substantial free rent period of up to one year to the right tenant. The property boasts desirable features including two bathrooms, a private office, a well-equipped kitchen area, and two storage rooms. A unique selling point is the existing brick oven located at the rear of the building. The main seating area is spacious and includes a built-in tap system. Ample parking is available on-site for 14 vehicles, with overflow parking accessible across the street at Pappas Plaza via an existing agreement. The asking rent is $9.60 per square foot, making this an exceptional value in Pasco County, especially considering the extended free rent period offered to facilitate a swift and efficient transition for the new tenant. This property is ready for immediate occupancy and offers significant potential for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $717,057

  6.5%

  $661,899

  7%

  $614,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $653,634

  Geo Method

  $653,634

• Alternative Use

  Use

  Valuation

  Residential

  $558,336

  Hospitality

  $511,433

  Educational

  $425,506

  Medical

  $440,140

  Retail

  $661,899

Location Insight

City

Holiday

County

Pasco

State

Florida

Latitude

28.1881

Longitude

-82.738

CBSA code

45300

CBSA name

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

Property Tax & Assessments

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