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145 Michigan Avenue
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PRICED AT ONLY: $650,000

Address: 145 Michigan Avenue, ORANGE CITY, FL 32763

Description

**Prime Investment Opportunity: Auto Mechanic Shop with Residential Rental Income** Unlock the potential of this versatile commercial property, perfect for savvy investors seeking a well rounded portfolio addition. Located in a high visibility area, this property offers a unique combination of income streams and flexibility for future growth. **Key Features:** **Six Bay Auto Mechanic Shop:** This spacious and fully equipped auto shop is ready for immediate use. The facility includes: **Six car lifts** for handling a variety of vehicles **Air compressor** for pneumatic tools **Tire changer** to meet all tire service needs **Waste coolant tank** for environmental compliance Dedicated **storage space** for tools, parts, and supplies Whether you lease it to a business or operate it yourself, this setup offers significant income potential in a service oriented industry. Note: the sale does not include the existing business currently operating in the space. **Single Family Residential Unit:** A fully renovated, modern, and turn key 3 bedroom, 2 bath home on the premises is currently leased, providing stable rental income. Thoughtfully updated with contemporary finishes and high quality materials, the residential unit is a desirable living space, ensuring consistent tenant demand and premium rental rates. **Leasing Information:** Both the auto mechanic shop and the residential unit are currently leased on a **month to month basis**, offering flexibility for potential buyers to renegotiate terms or transition to new tenants as desired. **Highlights:** High traffic location with excellent visibility and accessibility Ample parking space for customers and tenants Well maintained building and facilities Separate utility meters for ease of management Strong potential for steady cash flow from both commercial and residential units Whether youre an experienced investor or looking to diversify your portfolio, this property offers a rare combination of commercial utility and residential rental income. With a modern, turn key residential unit, top tier auto shop equipment, and flexible leasing terms, this is an opportunity you dont want to miss. This listing is being sold together with FC 305779, APN: 17 30 33 04 00 0740, for a total purchase price of $650,000.00.
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  • MLS#: FC305774 ( Commercial Sale )
  • Street Address: 145 Michigan Avenue
  • Viewed: 1
  • Price: $650,000
  • Price sqft: $281
  • Waterfront: No
  • Year Built: 1952
  • Bldg sqft: 2312
  • Days On Market: 10
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Concrete, Luxury Vinyl
  • Living Area: 1050.00
  • Other Structures: Garage(s), Other, Workshop
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Parking Features: Parking Spaces - 6 to 12
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Office Only
  • Road Frontage Type: City Street
  • Sewer: Septic Tank
  • Utilities: Public
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Country: US
  • Legal Description: 33-17-30 LOTS 77 TO 81 INC VOLUSIA GARDENS MB 7 PG 104 PER OR 2739 PG 0690 PER OR 8093 PG 3275
  • Levels: One
  • Area Major: 32763 - Orange City
  • Parcel Number: 7033-04-00-0770
  • Possession: Negotiable
  • Zoning Code: 01B4
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