BIG RICE REDUCTION! Commercial property on large lot with seasoned tenants in place with a 7.5% CAP Rate. Excellent condition with tenants taking care of the maintenance. 1.45 acres lot with additional space for additional square footage or parking. Excellent visibility with 115’ of highway frontage on busy 17-92 with 31,450 vehicles per day. Current structure on site is a former retail center/showcase for prominent local pool builder and consists of office space with covered porch and two enclosed pools. Zoning is Orange City commercial CG-1. City sewer and water tied in, plus an old well on the site. Lots of new development and population growth in the area.
Financial Considerations
Price:
$345,000
HOA Fee:
N/A
Tax Amount:
$4012
Price per SqFt:
$511.11
Tax Legal Description:
S 100 FT OF LOT 25 EXC ST RD BLK 25 ORANGE CITY PER OR 4179 PG 3695 PER OR 8028 PG 4262