610 N 6th Ave
Wauchula, FL 33873
Retail Property For Sale

HUGE VALUE ADD OPPORTUNITY due to mismanagement! This building and land are located right in the center of Wauchula's Business District and has 2 way Highway Frontage! The 0.613 acres of land & 5,170 sq ft. building already in place is being offered for Only $250K OBO! Current cap rate is at 8 %, with a value add opportunity of an additional $1650+ monthly for a 14.4% cap rate! Currently the 3 Retail stores are leased for $1950 a month without rent increases for over 6 years and the storage units are being used for personal use! Current market rents would be $3,000 monthly for the retail and $360 for the storage units! 1 store front is actually 2 making it a total of 4 retail units and 6 storage units. Currently the 6 storage units are being used for personal storage by the owner and if leased with the retail at current rents, this property will produce an additional $1410+ monthly! This would give this property a 13.4% cap rate ! It's also located in an opportunity zone so no capital gains tax!