Exceptional Investment Opportunity: Positioned on a prime avenue in a high growth area, this property offers a very strong return on investment with excellent appreciation potential. Enjoy easy access and exceptional visibility, along with the opportunity to expand the square footage to maximize future value and revenue. This property is poised for continued growth and significant upside. Dont miss out on this rare opportunity!
INDUSTRIAL ZONED property located in the centrally located Park Avenue area between Edgewater and New Smyrna Beach. This 4,000 sq. ft. metal building has been separated into 5 spaces: 3 at 800 sq. ft., 1 at 1,000 sq. ft., and 1 at 600 sq. ft. There are five overhead doors, one for each bay. The property is over 1/2 acre, and includes 8 fenced areas that rent for $100/month each. 6 are currently rented, and 1 is being used by the property landscaper. CAP Rate is 7.45%
Exceptional Investment Opportunity: Positioned on a prime avenue in a high growth area, this property offers a very strong return on investment with excellent appreciation potential. Enjoy easy access and exceptional visibility, along with the opportunity to expand the square footage to maximize future value and revenue. This property is poised for continued growth and significant upside. Dont miss out on this rare opportunity!
INDUSTRIAL ZONED property located in the centrally located Park Avenue area between Edgewater and New Smyrna Beach. This 4,000 sq. ft. metal building has been separated into 5 spaces: 3 at 800 sq. ft., 1 at 1,000 sq. ft., and 1 at 600 sq. ft. There are five overhead doors, one for each bay. The property is over 1/2 acre, and includes 8 fenced areas that rent for $100/month each. 6 are currently rented, and 1 is being used by the property landscaper. CAP Rate is 7.45%
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 4000.00
Roof: Metal
Garage and Parking
Garage Spaces: 0.00
Utilities
Carport Spaces: 0.00
Cooling: Office Only
Road Frontage Type: City Street
Finance and Tax Information
Home Owners Association Fee: 0.00
Net Operating Income: 43400.00
Tax Year: 2023
Other Features
Country: US
Legal Description: E 75 FT OF W 2546.5 FT OF N 380 FT OF LOT 37 ALVAREZ GRANT MB 3 PG 137 EXC N 7.79 FT ON W/L FOR R/W PER OR 4292 PG 0439 PER OR 7205 PG 4049 PER OR 7930 PG 0677
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