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946 SHADICK DR Orange City, FL 32763
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Key Details
Sold Price $405,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 750 sqft
Price per Sqft $540
Subdivision Garland Indust Center
MLS Listing ID O5818323
Sold Date 08/13/20
Construction Status Financing,Inspections
HOA Y/N No
Year Built 1985
Annual Tax Amount $6,186
Lot Size 0.630 Acres
Acres 0.63
Descripción de la propiedad
Great Investment Property at a rarely seen 9.5 CAP Rate based on current (seller provided) rent and expenses.
Also a good property for an owner-user of a small to midsize company.
Property is Currently occupied by a lawn company. The lawn company may vacat at the end of the year as they are looking for a larger space. They could be talked into staying in the case of an investor buyer or you may be able to find a new tenant at a higher rent or longer lease period.
Building is in good shape and the office area was recently remodeled.
Plenty of yard space and parking already. There is the possibility of annexing the land in the back from the city which could add another ~4000 SF. It is expected some minor filing fees are the only expenses involved in this.
There is room to expand the current building if the new buyer wishes.
Much information is owner provided and subject to verification and ordinary due diligence.
Showings during business hours to Pre-Approved or credit worthy buyers.
Location
State FL
County Volusia
Community Garland Indust Center
Interior
Cooling Office Only, Central Air
Flooring Concrete
Building
Story 1
Lot Size Range 1/2 to less than 1
Structure Type Metal Frame,Metal Siding
New Construction false
Construction Status Financing,Inspections
Others
Ownership Corporation
Special Listing Condition None
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Bought with SOUTHERN EXCLUSIVE REALTY CORP