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5053 SE Abshier Blvd
Belleview, FL 34420
WinRoyce Plaza · Retail Property For Sale


Executive Summary
Belleview Plaza presents an exceptional opportunity to acquire a fully leased, multi-tenant neighborhood retail center with stable in-place income and immediate upside potential. The property consists of four units occupied by a complementary mix of service-oriented tenants, making it a resilient asset in a growing Central Florida corridor. The center is currently fully occupied, generating consistent cash flow with a Net Operating Income (NOI) of approximately $32,639 annually. Each unit is separately metered for electric, with tenants responsible for their own usage, while ownership maintains minimal expense obligations, contributing to efficient operations and predictable overhead. A key highlight of this offering is the below-market rental structure, which creates a compelling value-add opportunity for investors. Rental rates can be increased over time to align with market levels, offering the potential to enhance returns and overall asset value without the need for significant capital improvements. Strategically positioned along SE Abshier Blvd, the property benefits from strong local traffic, easy accessibility, and proximity to surrounding residential neighborhoods, supporting long-term tenant stability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,200 SF
Building Class
C
Year Built
1977
Price
$676,327 CAD
Price Per SF
$211.35 CAD
Cap Rate
7%
NOI
$47,343 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.39 AC
Zoning
B4 - Heavy Business
Parking
9 Spaces (2.81 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 3742-000-035 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $408,590 CAD |
Property Taxes
Parcel Number
3742-000-035
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$408,590 CAD
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