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708 Park Avenue
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PRICED AT ONLY: $639,000

Address: 708 Park Avenue, EDGEWATER, FL 32132

Description

Exceptional Investment Opportunity in Prime Industrial Zone Positioned on a prime avenue in a high growth area, this property offers a very strong return on investment with excellent appreciation potential. Enjoy easy access and exceptional visibility, along with the opportunity to expand the square footage to maximize future value and revenue. This property is poised for continued growth and significant upside. Dont miss out on this rare opportunity! INDUSTRIAL ZONED property located in the centrally located Park Avenue area between Edgewater and New Smyrna Beach. This 4,000 sq. ft. metal building has been separated into 5 spaces: 3 at 800 sq. ft., 1 at 1,000 sq. ft., and 1 at 600 sq. ft. There are five overhead doors, one for each bay. The property is over 1/2 acre, and includes 8 fenced areas that rent for $100/month each. 6 are currently rented, and 1 is being used by the property landscaper. CAP Rate is 7.81%

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Virtual Tour
More Like This
  • MLS#: NS1082868 ( Commercial Sale )
  • Street Address: 708 Park Avenue
  • Viewed: 144
  • Price: $639,000
  • Price sqft: $160
  • Waterfront: No
  • Year Built: 1979
  • Bldg sqft: 4000
  • Days On Market: 318

Description

Exceptional Investment Opportunity in Prime Industrial Zone Positioned on a prime avenue in a high growth area, this property offers a very strong return on investment with excellent appreciation potential. Enjoy easy access and exceptional visibility, along with the opportunity to expand the square footage to maximize future value and revenue. This property is poised for continued growth and significant upside. Dont miss out on this rare opportunity! INDUSTRIAL ZONED property located in the centrally located Park Avenue area between Edgewater and New Smyrna Beach. This 4,000 sq. ft. metal building has been separated into 5 spaces: 3 at 800 sq. ft., 1 at 1,000 sq. ft., and 1 at 600 sq. ft. There are five overhead doors, one for each bay. The property is over 1/2 acre, and includes 8 fenced areas that rent for $100/month each. 6 are currently rented, and 1 is being used by the property landscaper. CAP Rate is 7.81%
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 4000.00
  • Roof: Metal
Property Information
  • Property Condition: Completed
Land Information
  • Lot Features: Industrial Park, Landscaped, Sidewalk, Paved
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Utilities
  • Carport Spaces: 0.00
  • Cooling: Office Only
  • Road Frontage Type: City Street
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 49886.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Legal Description: E 75 FT OF W 2546.5 FT OF N 380 FT OF LOT 37 ALVAREZ GRANT MB 3 PG 137 EXC N 7.79 FT ON W/L FOR R/W PER OR 4292 PG 0439 PER OR 7205 PG 4049 PER OR 7930 PG 0677
  • Levels: One
  • Area Major: 32132 - Edgewater
  • Parcel Number: 7452-01-00-037A
  • Views: 144
  • Zoning Code: 07I1
Nearby Subdivisions
Alvarez Grant   Assessors Alvarez Grant   Mendall Homestead   Parktowne Indl Center D4  
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