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Address withheld, RUSKIN, FL 33570

  • $1,650,000

Listing Presented By

Marc Pfleger
Keller Williams St Pete Realty
(727) 894-1600

Commercial - RUSKIN, FL

2+ acre commercial multi-use property with 11 rental motel rooms, 2 coin operated car wash facilities, one (1) 3,200 sq. ft. steel storage building with two (2) 14' overhead doors, and one (1) 2/2 renovated mobile home. Operations proforma NOI of $180,000 achievable within 90-120 days of acquisition. INVESTMENT HIGHLIGHTS Cash flow from 11 room motel (80% - 90% average monthly occupancy), self-serve car wash, automated car wash, and renovated 2/2 mobile home generate in-place NOI of $160,000. Significantly under market room rental rates and car wash automated/self-serve charges can be quickly marked-to-market by new owner for near-term revenue increases. Restored to full-use and marked to existing market rates, this one-of-a-kind mixed use commercial asset provides an impressive 16% cash-on-cash return within 3-6 months of acquisition.

  • $1,650,000
  • Commercial
  • Square Footage: 12,744
  • Built In: 1953
  • Last Updated: December 21, 2016
  • Posted: April 29, 2016

RUSKIN, FL 33570

RUSKIN, FL 33570 is an , Commercial in Ruskin, Florida for $1,650,000 with and offered by Marc Pfleger of Keller Williams St Pete Realty. To learn more about RUSKIN, FL 33570 contact Marc Pfleger for more information or to request a showing.

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