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3329 SHOAL LINE BOULEVARD
About This Property
Hernando Beach is a waterfront community that is home to over 2500 residents and is situated between US 19 (Commercial Way) & FL 50 (Cortez Blvd.) on Florida's Gulf Coast. We are a fishing community and a desirable vacation destination. Almost 7,000 daily traffic count on Shoal Line and growing as Hernando Beach is the county's growing waterfront community with restaurants and bars with live music, marinas and seafood markets, local businesses, professional offices, waterfront living with gulf access. Property has a canal behind it with indirect gulf access. The canal offers waterfront experience for diners if you are opening your own restaurant, Waterview's if you are opening your new office or retail space. C2 zoning for the building allows for an incredible number of uses: convenience goods stores with a limit of 12 vehicle fueling stations, restaurant with or w/o alcohol sales, gas station, hotels, motels, auto dealership, light marina establishment, boat storage and boat sales, RV/vehicle storage and sales, hospital, nursing home, light manufacturing, mini-warehouse, light construction service establishments, place of public assembly, professional office space, doctor's offices, veterinarian office space, etc. Located within walking distance to the Drunken Mullet and The Lazy Lizard Hernando Beach, this property is 60' wide by 150' deep in a prime HERNANDO BEACH location!!
Hernando Beach, FL 34607
Listed By
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$160,000
↓ $30K
(15.8%) | |
| Price Decreased | |||
| Dec 31, 2025 | Price Decreased |
$190,000
↓ $25K
(11.6%) | |
| Price Decreased | |||
| Jun 12, 2025 | Price Decreased |
$214,998
↓ $1
(0%) | |
| Price Decreased | |||
| Mar 14, 2025 | Price Decreased |
$214,999
↓ $1
(0%) | |
| Price Decreased | |||
| Jan 8, 2025 | Price Decreased |
$215,000
↓ $10K
(4.4%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
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06/03/2023
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Loft
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$149,900
Loft
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Thomas Dishman
The Weaver Group Realty, Inc.
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Building Info
- 1 Unit for Sale
About Hernando Beach
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$1,900 /mo
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- 1,114 ft²
$2,000 /mo
- 3 Beds
- 2 Baths
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017