Prime Medical Office Building occupied by credit tenant Tampa General Hospital with an NNN lease, securing income through 2028 and the potential for a renewal. This freestanding Medical Office Facility, constructed from concrete block with stucco exterior, has undergone multiple improvements over the past 10 years. Positioned on 1. 04 acres of General Commercial property, it offers over 165 feet of frontage on US 19 with an attractive daily traffic count of 28, 000 (AADT), 25 dedicated parking spaces, and an additional 16 overflow spaces owned by the county.
The interior includes a waiting area, reception area, four restrooms, seven exam rooms with sinks, five private offices, a storage/file room, a lab room, a surgery room, and nurse station areas in the hallway. Centrally located, the property is surrounded by national retailers such as Publix, Winn-Dixie, and various national quick-service restaurants. The patient population within a 5-mile radius is approximately 31, 734 residents, with an average age of 55. 6 and healthcare expenditures exceeding $75 million annually. Nearby communities—including Floral City, Hernando, Beverly Hills, Lecanto, and Crystal River—are within a short 15-25 minute drive.
Recently, US 19 was expanded to six lanes, which is expected to increase future traffic. The extension of the Suncoast Parkway (SR 589) from SR 44 in Lecanto offers easy access to Tampa International Airport (1 hour 6 minutes, or 74. 7 miles away) and to surrounding counties such as Hernando, Pasco, and Hillsborough. Located within the rapidly growing Citrus County, part of the Tampa-St. Petersburg MSA—the 18th largest in the U. S. —the area has a population of 155, 582, growing at an annual rate of 1. 29%.
Citrus County, ranked as the 34th largest county in Florida, has significant growth potential, with over 60, 000 vacant parcels green-lit for development. Plans are also underway to expand utilities across the county and improve several major highways, including the recent completion of the 589-Toll Road extension to SR-44, with further expansions to CR-486 slated for early 2023.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,360,000 | $1,360,000 | $1,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | $956 | $956 | $956 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,708 | $8,821 | $11,847 |
Total Monthly Payment | $9,789 | $9,902 | $12,928 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.