946 Shadick Drive

    Orange City, FL 32763
    • $419,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: O5818323
    UPDATED: 35 min ago
    $419,000
    • 0
      BEDS
    • 0.63
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 750
      SQFT
    • $559
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1985
    County:
    Area:

    School Ratings & Info

    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.

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    © 2019 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2019-10-22T15:42:12.81.
    www.theduncanduo.com/homes/99845681

    946 Shadick Drive Orange City, FL 32763

    • Price: $419,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: O5818323
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.63
    Acres
    750
    SQFT
    $559
    $/SQFT
    1985
    Built
    Neighborhood:
    Garland Indust Center
    County:
    Volusia
    Area:
    Orange City
    Property 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.
    Exterior Features

    Adjoining Property CommercialIndustrial Construction Materials Metal FrameMetal Siding Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Ceiling Height 16 To 22 Feet Ceiling Type Acoustical Cooling A/C - Office OnlyCentral Air Flex Space Sq Ft 4430 Flooring Concrete Freezer Space Yn No Office Retail Space Sq Ft 750 Stories Total 1

    Property Features

    Additional Parcels Yn No Business Type CommercialFlex SpaceIndustrialWarehouseWholesale Converted Residence Yn No Disclosures None Electric 3 Phase220 Volts Flood Zone Code X Net Operating Income 39850 New Construction Yn No Property Condition Completed Property Sub Type Industrial Special Listing Conditions None Tax Annual Amount 5357.00 Tax Year 2018 Total Num Buildings 1


    Listing information © 2019 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Re/Max Core Collection.



    © 2019 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2019-10-22T15:42:12.81.
     
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