28947 STATE ROAD 54 #28947 & 28949 new Save Request In-Person Tour Request Virtual Tour
Wesley Chapel,FL 33543
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $297
MLS Listing ID TB8370497
Construction Status Completed
HOA Y/N No
Originating Board Stellar MLS
Year Built 2000
Annual Tax Amount $6,139
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Office
Property Description
Now offered at $590,000, recently reduced from $675,000, this commercial asset represents a strong investment opportunity in one of Wesley Chapel's most strategic locations—directly across from the Saddlebrook Resort.
The building consists of two separately metered units, each offering just under 1,000 square feet of well-maintained commercial space. Both units are currently leased by the same established tenant, generating a total monthly rental income of $4,546. The leases are structured to remain in place through January 2026, providing stable cash flow and a clear return horizon. There is also potential for lease renewal upon expiration, adding to the long-term investment appeal.
In 2025, seller says a new roof was installed, and a recent inspection was completed, with all noted items professionally repaired by the seller. The property has been proactively maintained, making it well-positioned for continued occupancy or future tenant transitions.
As part of a professionally managed complex, the property benefits from monthly HOA dues of approximately $600, which cover water service and grounds maintenance—streamlining ownership for investors. Additionally, the seller notes that there is an upcoming drainage system repair planned for all buildings in the complex, with each owner expected to contribute approximately $8,000 toward the improvement. In a show of goodwill and to support a smooth transaction, the seller has agreed to credit this full amount to the buyer at closing with any attractive purchase documents—turning what might have been a future expense into an immediate value-add for the new owner. Full HOA documentation is available upon request.
This is a rare chance to acquire a fully leased, income-generating commercial property in one of Pasco County's fastest-growing corridors. With strong lease terms, recent capital improvements, and a seller credit in place for future repairs, this property checks all the boxes for investors seeking dependable returns and long-term value.
Location
State FL
County Pasco
Zoning C2
Interior
Heating Central
Cooling Central Air
Flooring Carpet,Luxury Vinyl
Exterior
Parking Features Common
Community Features Sidewalks
Utilities Available BB/HS Internet Capable,Electricity Available,Phone Available,Public,Water Connected
Roof Type Shingle
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Private
Structure Type Block,Stucco
New Construction false
Construction Status Completed
Others
Ownership Corporation
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None