SOLD Commercial RE on CarProperty.com

Free Standing Flex Building

Description:


Affordable price with current rents giving an 8% cap rate,for this Metal Building on a double lot 164'x 125' +/-. Zoning in the CRA zone allows for Retail Sales,Motor cycle sales, Or Related businesses. The City of Holly Hill has matching funds on improvements. Current tenant can stay if buyer is not going to use the building at closing, or vacante. Additional attached Vacant 1,400+ sq.ft. office with seperatate entrance can be leased out for extra income. Two seperate A/C units and electric meters. One water meter. Second floor built out,But no value. Value on 1st floor footprint. Large overhead door in rear of building with fenced in secured area. Seller will give Buyer $5,000. towards buyers closing costs at an agreed to sales price. Great U.S.Hwy 1 location.

Members profile:


Advertised by: Herb Lubansky (click here to see full profile)
Email: herb@herblubanskyrealty.com

Ad Details


Parking Spaces Outside 20
Property is Sold
Auto Use Allowed Yes
Garage Spaces (put 0 if this does not apply) 2.00
Price Info Cash
Price $375,000 USD
Celebrity Owned No
No. Drive In/Grade Level Doors 1
Drive In Height 14
Drive In Width 12

Buildings & Land


Property Name Retail Commercial Flex Building
Property Types Flex Space, Showroom, Retail, Vehicle Related
Land Types Commercial Other, Retail, Office

Size & Value


Bldg. Size (Sq. Ft.) 6,400
Price/Sq. Ft. 67.44
Lot/Parcel Size 164x125
Year Built: 1972
Total Units or Spaces: 2
Rental Units or Spaces: 2
Other Units or Spaces: Second floor storage, office & 2 rest rooms. all this in addition to the footprint of 6,400 sq. ft building.

Use & Status


Best Property Use Currently Occupied, This property is best suited for an owner and user
Construction Status: Existing Structures
Zoning B-4 CRA
Services Available or Included: Tenant that will vacate if buyer requests at closing.

For Sale at Auction


Auction Sale? No

Unique Sale Issues


Type of Sale Real Estate Agency Sale
Tenants with Current Leases Yes
Net Operating Income 29835
Occupancy (in %) 75
Lease Type Modified Net
This is a Sublease No
Lease Option Available Yes

Website


Website http://herblubanskyrealty.com
Website http://daytonabeachhomes4sale.com

Location


Address 1609 Ridgewood Ave.
City Holly Hill
State FL
Postal Code 32117
Country USA

Call Me!


Phone 386-756-6866
Ad id: 27321622
Ad views: 7059