$1,125,000
$1,386,000
18.8%For more information regarding the value of a property, please contact us for a free consultation.
10,020 SqFt
SOLD DATE : 10/18/2024
Key Details
Sold Price $1,125,000
Property Type Commercial
Sub Type Warehouse
Listing Status Sold
Purchase Type For Sale
Square Footage 10,020 sqft
Price per Sqft $112
Subdivision Florida Shores
MLS Listing ID NS1081787
Year Built 1998
Annual Tax Amount $7,877
Lot Size 0.670 Acres
Property Description
This 40-unit storage facility located in the Commercial business district is a lucrative investment opportunity. The original concrete block 7000 sq. ft. main building FLEXSPACE is currently being used as FOURTEEN individual storage units of various sizes and can easily be converted back to one, two or three larger capacity units/facilities. There is a large upfront unit of 2185 s ft w/ bathroom, TWELVE units of 25 x 14 and a spacious end unit of 50 x 14. The additional metal building houses 26 additional units and was newly added after completion of the main building. There are FOUR 10 x 8 storage units and TWENTY-TWO 10 x 10 storage units. Completely updated and in perfect working order, these facilities are ready to generate solid income for any investor. The property is a large parcel w survey available measures 160 ft x 187 ft.
Ideal for a 1031 exchange buyer looking to reinvest in a like-kind property here in Florida and defer capital gains taxes, this storage facility promises a reliable source of income. With multiple units of varying sizes available, there is ample potential to maximize returns and cater to a diverse range of storage needs for tenants. Some units are climate controlled, while others are not. Owner pays electric & Water costs
Overall, this property presents a secure and profitable investment option for those seeking a stable income stream in the commercial real estate sector. Don't miss out on this chance to acquire a turnkey investment property with significant income potential. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable source of passive income, this renovated storage facility is a smart and lucrative choice. Contact me today for more information and take the first step towards securing this prime real estate opportunity.
Location
State FL
County Volusia
Community Florida Shores
Zoning B
Interior
Heating Central
Cooling Central Air
Flooring Concrete
Exterior
Parking Features Parking Spaces - 6 to 12, Curb Parking, Ground Level
Utilities Available Electricity Available, Sewer Nearby, Water Connected
Roof Type Metal
Building
Lot Description Central Business District
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction true
Others
Acceptable Financing Cash, Owner Financing
Listing Terms Cash, Owner Financing
Special Listing Condition None
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Bought with COLLADO REAL ESTATE