$419,000

946 Shadick Drive

ORANGE CITY FL, 32763

Description

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.

Details

MLS#O5818323
StyleIndustrial
Sub-TypeResale
StatusActive
Year1985
Days On Site59

Features

SQ Feet4,430
Story(s)1

Market Activity 32763

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Area Information

StateFL
CountyVolusia
CityORANGE CITY
Zip Code32763
Area32763 - Orange City
Listing VS Median (in 32763)
Price:
$419,000
low | high
Med:
$189,999
100% of Average
SqFt:
4,430
low | high
Med:
1,453
100% of Average
$ / SqFt:
$95
low | high
Med:
$131
11.746732544139% of Average
On Site:
59
low | high
Med:
106
55.660377358491% of Average
Listing Updated: 12/07/2019
MLS Number: O5818323
Listing Provided By:
Jeffrey Struck  of  RE MAX CORE COLLECTION

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