Free Standing Flex Building
Description: |
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| 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: |
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| Advertised by: | Herb Lubansky (click here to see full profile) |
| Email: | Email Advertiser |
Ad Details |
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| 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 |
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| Property Name | Retail Commercial Flex Building |
| Property Types | Flex Space, Showroom, Retail, Vehicle Related |
| Land Types | Commercial Other, Retail, Office |
Size & Value |
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| 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 |
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| 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 |
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| Auction Sale? | No |
Unique Sale Issues |
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| 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 |
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| Website | http://herblubanskyrealty.com |
| Website | http://daytonabeachhomes4sale.com |
Location |
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| Address | 1609 Ridgewood Ave. |
| City | Holly Hill |
| State | FL |
| Postal Code | 32117 |
| Country | USA |
Call Me! |
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| Phone | Sign in to see details |
| Ad id: | 27321622 |
| Ad views: | 7568 |