5807 N Ellerbee Rd, Wesley Chapel

$1,050,000

Active

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0 Beds
0 Baths
0 Sqft
2.03 Acres
0 Garages

This beautiful commercial property is being offered by the owners are entitled to immediate development of approximately 209,959 square feet of C2 general commercial property. Access to the subject parcels will be provided via approximately 700 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 700 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 can be 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.

Essential Information
MLS® # T3117000
Price $1,050,000
Bathrooms 0.00
Acres 2.03
Year Built 1940
Type Commercial
Sub-Type Office
Status Active
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Neighborhood Information for 5807 N Ellerbee Rd

Very Rapid Population Growth, Moderate Residential Turnover

Weather

  • Highs

    • January 72.30℉
    • July 92.30℉
  • Lows

    • January 48.40℉
    • July 71.60℉
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    Precipitation

    • 53.84"
   
Great Schools School Name Distance  

Saddlebrook Preparatory School

Private - 3rd Grade to 12th Grade - Closest Elementry School
1 Miles

Thomas E. Weightman Middle School

Public - 6th Grade to 8th Grade - Closest Middle School
1 Miles

Wesley Chapel High School

Public - 9th Grade to 12th Grade - Closest High School
1 Miles

Wesley Chapel High Adult Education

Public - Adult - Other to Adult - Other
1 Miles

Wesley Chapel Elementary School

Public - Kindergarten to 5th Grade
1.1 Miles

Garden Montessori School

Private - to
1.1 Miles

Faith Baptist Academy

Private - Preschool to 9th Grade
2.3 Miles

School data provided by GreatSchools

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on January 21st, 2020 at 1:19am EST.