5807 N ELLERBEE ROAD WESLEY CHAPEL FL 33543 | Keller Williams Realty

  • 5807 N ELLERBEE ROAD 

  • WESLEY CHAPEL, FL 33543
  • 0 bed | 0 fullbath | 0 sqft | Commercial
  • $1,050,000

  • Est. Monthly Payment: $1,232,123/mo calculator
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Charlie Meeks

cpa, cva, cgma, realtor®

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Description

This beautiful commercial property is being offered by the owners are entitled to immediate development of approximately 151,589 square feet of C2 general commercial property. Access to the subject parcels will be provided via 498 feet of SR 54 frontage. It has been said that in commercial real estate, timing can be everything. And there has never been a better time for the development of Wesley Chapel than now. Two commercial properties with the possibility of an additional property are prime for development of a hotel, industrial, multi-family, retail and office use. All of the properties are currently leased. There are 3 rents coming in that are on a one-year renewal basis. The owner’s CAP Rate is 8.4%. A road cut is in the center of the SR 54 frontage and the Ellerbee Road corner property and 498 feet of frontage currently provide for open access. A water collection pond is in the front of one of the properties and is listed as a water collection area with no retention restrictions; therefore it is in the process of being filled in. The community of Wesley Chapel is one of the fastest growing sectors in Florida, with a growth rate of 280% from 2000 to 2017. Development of the area was planned around lakes and open spaces. Meadow Pointe has extensive new housing developments and recreational facilities in close proximity to these commercial. The site is flat and cleared to grade. There is an easterly SR54 left turn cut onto Ellerbee Rd and a right only from the property front road cut on SR54.

Interior Features

  • Bedrooms: 0
  • Full Baths: 0
  • SQFT: 0

Exterior Features

  • Lot Size: 88426.798754
  • Stories: 0

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Community Details

Additional Information

  • County: Pasco
  • Property Type: Commercial
  • Annual Taxes: 6049
  • Year Built: 1940

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