2127 Grand Blvd 22,802 SF Flex Building Holiday, FL 34690 $2,700,000 ($118.41/SF) 8.72% Cap Rate

Explore an excellent investment opportunity featuring two quality tenants at 2127 Grand Boulevard in Holiday, Florida.

Occupying 8,882 square feet and with approximately three years remaining on the lease, the State of Florida, Department of Child Support Services, has expressed interest in extending the lease for 10 or more years. The current owner occupies 6,880 square feet and is open to remaining in place or vacating, depending on the buyer's needs. Additionally, 7,040 square feet of vacant office space is available for lease. Additionally, the property also includes a 1,512-square-foot single-family home, currently occupied, which can provide additional rental income.

Recent improvements include a new roof completed in 2023, exterior paint completed in 2023, and updated carpet and interior paint within the State's office suite. The total current gross income is $261,197 annually, with potential to increase through the lease-up of the vacant office space and residential unit. Potential net operating income (NOI) is $235,511, showcasing the investment's vitality.

Situated on a large 4.77-acre C-2 zoned lot, the property offers approximately 133 parking spaces and excellent potential for outside storage or expanded commercial use. Ideal for various users, including medical offices, professional services, and service-based businesses such as electricians, plumbers, and HVAC contractors, especially those that need ample parking or flexible office space.

Along Grand Boulevard, the property benefits from exposure to roughly 15,000 vehicles per day (VPD), and is positioned minutes from US Highway 19 and approximately 45 minutes from Tampa International Airport (TPA) and St. Pete-Clearwater International Airport (PIE).