Spring Hill Commercial Real Estate

Spring Hill, Florida (Hernando)

  • Asking Price: $1,525,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: $1,350,000
  • Inventory: Not Disclosed
  • FF&E: $150,000
  • Listing ID: #222890
  • Established: 1973
  • Employees:

Business Description

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.

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

Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: Florida
Metropolitan Area: Spring Hill
County: Hernando

Company Information

Year Established: 1973
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $1,525,000
FF&E: $150,000
Real Estate: $1,350,000
Seller Financing Available: Yes

Property Information

Reason for selling:

Business Closed, Owner ready to retire

Contact Business Seller

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Business Listed By:

William Smalley

Sunbelt Clearwater/St. Petersburg