Spring Hill Commercial Real Estate

Spring Hill, FL
Hernando County

Asking Price: Annual Revenue:
$1,525,000 Not Disclosed

Services: Real Estate

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RE: Spring Hill Commercial Real Estate Broker: William Smalley
Owner Financing is Available!

Quick Facts

Asking Price: $1,525,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 1973
Employees: Not Disclosed
BBN Listing #: 815249064
Broker Reference #: CLEARFL001-N946

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Business Overview:

Great Location For: Event Venue, Church, Retail, Wholesale Distribution, Catering ( turn Key Full Catering Kitchen) and many other uses. Palace Grand, a highly successful upscale event facility was closed in 2016 because of sinkhole activity beneath the structure. The sinkhole has since been remediated with pilings under the building through to bedrock and the structure has been declared safe for occupancy. The owner has renovated the property including a new roof on the building. The renovation also includes painting the exterior, paving where necessary & sealing the parking area, all new ceiling tiles, new air conditioners and complete cosmetic repairs. The southern portion of the building is a completely open area of approximately 6000 SF with 24’ ceiling in the center. Flooring has been removed from this area down to clean slab which is ready for whatever flooring type a buyer desires. Here is a link for a virtual tour. https://360tours.birdseyeviewpoint.com/195803 The northern portion is two story including offices, open areas and a fill catering kitchen. The Seller will remove the kitchen equipment if not wanted by the buyer. There is 100,789 square feet -.2.31 acres of land with 477 feet of frontage on U.S. Highway 19 in Spring Hill, Fl. The Seller owns an adjacent lot 1.23 acres which is also available

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Reason for Selling:

Business Closed, Owner ready to retire

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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