9081 Suncoast Terrace

Description

INCOME PRODUCING STORAGE FACILITY IN AN EXTREMELY UNDERVALUED LOCATION: SunWest RV/Boat Storage is currently in the design/permitting stages and is being sold as a project deal to an investor looking for an income producing property with a high cap rate. As noted in the OM, the property directly across the street (1000+ acres directly on the Gulf) has already been permitted for 2500 residential units, 500 boat slips, an 18 hole golf course and more! This RV/Boat storage facility is being designed with the client in mind. Current concept map and design plans include an electronically operated 24/7 access gate, 93 total parking spaces*, parking lot lighting, beautiful monument signage and website presence that will make the property nearly hands free. This property is located DIRECTLY on US 19 and is seen by THOUSANDS per day. US 19 is a major highway and anyone traveling the West Coast of Florida will be driving up/down it. The boundary survey, topographical survey and GeoTech surveys have already been completed and are attached to this listing. As the project progresses, we will update the attached files/OM to reflect that. Business plan has already been approved by Pasco County. Property has already been cleared of all woodland. As of 12-12-2022, we are currently waiting for the final Design, Permits, etc. The final Design will determine the exact number of spaces, but more information can be found in the OM under each Proforma. As of today, property is currently priced for worst case scenario in terms of Design impacting multiple parking spaces. As the project progresses, the price is due to change and is likely to go up. More information on this can be found in the OM/Proformas. This is a very low expense and low effort business that will produce a stable income year round. There are almost zero off-brand storage facilities in the area that offer 24/7 access to their facility. Most of the RV/Boat storage facilities are barebones and only offer a lock/keypad to access the property. With 1000+ acres across the street already permitted for massive development, this project is being developed with a higher end clientele in mind. We imagine once the property across the street is fully developed, you will not only be able to raise prices from the estimated rent per parking space we have listed on the OM, but you will also have a waiting list of clients looking to get into a spot! *Listed price and offering memorandum subject to change as this project progresses with the current owner* *Concept map and Offering memorandum have been updated in the attachments to reflect the changes made in the design, Water Management is requiring the retention ditch to be bigger then expected new total spaces is now 93*