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9081 Suncoast Terrace

Hudson, FL 34667
  • $2,700,000
  • STATUS: Active
  • ON SITE: 172 Days
  • MLS #: U8184884
$2,700,000
  • 0
    BEDS
  • 4.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2023
County:

School Ratings & Info

Description

INCOME PRODUCING STORAGE FACILITY IN AN EXTREMELY UNDERVALUED LOCATION: SunWest RV/Boat Storage is currently in the design/permitting stages and is being sold as a project deal to an investor looking for an income producing property with a high cap rate. As noted in the OM, the property directly across the street (1000+ acres directly on the Gulf) has already been permitted for 2500 residential units, 500 boat slips, an 18 hole golf course and more! This RV/Boat storage facility is being designed with the client in mind. Current concept map and design plans include an electronically operated 24/7 access gate, 93 total parking spaces*, parking lot lighting, beautiful monument signage and website presence that will make the property nearly hands free. This property is located DIRECTLY on US 19 and is seen by THOUSANDS per day. US 19 is a major highway and anyone traveling the West Coast of Florida will be driving up/down it. The boundary survey, topographical survey and GeoTech surveys have already been completed and are attached to this listing. As the project progresses, we will update the attached files/OM to reflect that. Business plan has already been approved by Pasco County. Property has already been cleared of all woodland. As of 12-12-2022, we are currently waiting for the final Design, Permits, etc. The final Design will determine the exact number of spaces, but more information can be found in the OM under each Proforma. As of today, property is currently priced for worst case scenario in terms of Design impacting multiple parking spaces. As the project progresses, the price is due to change and is likely to go up. More information on this can be found in the OM/Proformas. This is a very low expense and low effort business that will produce a stable income year round. There are almost zero off-brand storage facilities in the area that offer 24/7 access to their facility. Most of the RV/Boat storage facilities are barebones and only offer a lock/keypad to access the property. With 1000+ acres across the street already permitted for massive development, this project is being developed with a higher end clientele in mind. We imagine once the property across the street is fully developed, you will not only be able to raise prices from the estimated rent per parking space we have listed on the OM, but you will also have a waiting list of clients looking to get into a spot! *Listed price and offering memorandum subject to change as this project progresses with the current owner* *Concept map and Offering memorandum have been updated in the attachments to reflect the changes made in the design, Water Management is requiring the retention ditch to be bigger then expected new total spaces is now 93*

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© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-06-05T23:42:57.05.
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9081 Suncoast Terrace Hudson, FL 34667

  • Price: $2,700,000
  • Status: Active
  • On Site: 172 Days
  • MLS #: U8184884
0
Beds
0
Baths
0
½ Baths
4.19
Acres
2023
Built
Neighborhood:
Suncoast Terrace
County:
Pasco
Area:
Hudson/Bayonet Point/Port Richey
Property Description
INCOME PRODUCING STORAGE FACILITY IN AN EXTREMELY UNDERVALUED LOCATION: SunWest RV/Boat Storage is currently in the design/permitting stages and is being sold as a project deal to an investor looking for an income producing property with a high cap rate. As noted in the OM, the property directly across the street (1000+ acres directly on the Gulf) has already been permitted for 2500 residential units, 500 boat slips, an 18 hole golf course and more! This RV/Boat storage facility is being designed with the client in mind. Current concept map and design plans include an electronically operated 24/7 access gate, 93 total parking spaces*, parking lot lighting, beautiful monument signage and website presence that will make the property nearly hands free. This property is located DIRECTLY on US 19 and is seen by THOUSANDS per day. US 19 is a major highway and anyone traveling the West Coast of Florida will be driving up/down it. The boundary survey, topographical survey and GeoTech surveys have already been completed and are attached to this listing. As the project progresses, we will update the attached files/OM to reflect that. Business plan has already been approved by Pasco County. Property has already been cleared of all woodland. As of 12-12-2022, we are currently waiting for the final Design, Permits, etc. The final Design will determine the exact number of spaces, but more information can be found in the OM under each Proforma. As of today, property is currently priced for worst case scenario in terms of Design impacting multiple parking spaces. As the project progresses, the price is due to change and is likely to go up. More information on this can be found in the OM/Proformas. This is a very low expense and low effort business that will produce a stable income year round. There are almost zero off-brand storage facilities in the area that offer 24/7 access to their facility. Most of the RV/Boat storage facilities are barebones and only offer a lock/keypad to access the property. With 1000+ acres across the street already permitted for massive development, this project is being developed with a higher end clientele in mind. We imagine once the property across the street is fully developed, you will not only be able to raise prices from the estimated rent per parking space we have listed on the OM, but you will also have a waiting list of clients looking to get into a spot! *Listed price and offering memorandum subject to change as this project progresses with the current owner* *Concept map and Offering memorandum have been updated in the attachments to reflect the changes made in the design, Water Management is requiring the retention ditch to be bigger then expected new total spaces is now 93*
Exterior Features

Carport Yn No Construction Materials Other Covered Spaces 0 Exterior Features Irrigation SystemLightingOther Open Parking YN No Pool Private Yn No Road Surface Type DirtLimerockOther Roof Other Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling None Cooling YN No Fireplace Yn No Heating None Heating YN No Interior Features NingunoOther Sewer None Water Source Public

Property Features

Annual Expenses 36180 Annual Net Income 320820 Association Yn No Cdd Yn No Flood Zone Code X Garage Yn No Lease Term 12 Months Listing Terms CashOther New Construction Yn Yes Ownership Fee Simple Projected Completion Date 12/31/2023 5:00:00 AM Property Condition Pre-Construction Property Sub Type Multi-Family Realtor Info Docs AvailableNo SignSee Attachments Required Remarks Pre-Construction. To Be Built. Senior Community Yn No Special Listing Conditions None Tax Annual Amount 1935.85 Total Annual Fees 0 Total Monthly Fees 0 Utilities Electricity ConnectedWater Connected Zoning C2


Listing information © 2023 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Suncoast Group Realtors Llc: 727-938-9900.



© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-06-05T23:42:57.05.
 
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