137 W Marion Avenue, Edgewater, FL 32132
$1,025,000
Property Type:
Commercial Sale
Square Footage:
11,400
Status:
Closed
Current Price:
$1,025,000
List Date:
2/28/2019
Last Modified:
9/28/2024
Description
The Boyce Industrial Complex is a 2.5 acre industrial park in Edgewater, Florida with 13,000 SF leasable space. The property performs consistently with very low vacancy rates and long-term tenants. Property was engineered for and has all infrastructure in place for 2 additional buildings totaling 14,000 SF (drawings available). Vacant areas currently leased for trailer, RV, and boat storage. Owner occupies 2,000 SF and will vacate when sold. All leases are 1 year leases. Upside opportunity on lease rates. Boyce Industrial complex is offered at an 8.2% CAP rate. Park is located in the industrial district of Edgewater. Edgewateris experiencing substantial economic growth. Meets all criteria for Opportunity Zone investment.
More Information MLS# 1054470
General Property Information
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Public Remarks: The Boyce Industrial Complex is a 2.5 acre industrial park in Edgewater, Florida with 13,000 SF leasable space. The property performs consistently with very low vacancy rates and long-term tenants. Property was engineered for and has all infrastructure in place for 2 additional buildings totaling 14,000 SF (drawings available). Vacant areas currently leased for trailer, RV, and boat storage. Owner occupies 2,000 SF and will vacate when sold. All leases are 1 year leases. Upside opportunity on lease rates. Boyce Industrial complex is offered at an 8.2% CAP rate. Park is located in the industrial district of Edgewater. Edgewateris experiencing substantial economic growth. Meets all criteria for Opportunity Zone investment.
Building Area Total: 11400
Lot Size Dimensions: 2.46
List Price/SqFt: 96.49
Sold Price/SqFt: 89.91
Year Built: 1990
Location, Tax, and Legal
Country: US
Parcel Number: 8402-28-01-0135
Tax Annual Amount: 6352.51
Tax Year: 2017
Tax Legal Description: 3-18-34 IRREG PARCEL PER OR 1814 PG 1728 IN GOVT LOT 4 SEC 3 BEING W 210.90 FT OF E 584.33 FT MEAS ON N/L OF GOVT LOT 4 MEAS 256.35 FT ON W/L & 183.02 FT ON E/L PER OR 4664 PGS 0860-0861 PER OR 7031 PG 3032 PER OR 7053 PG 1985 and 2 ADDITIONAL PARCELS 840228010130 and 840228010134
Zoning Description: Industrial
Currently Not Used
Year Built: 1990
Construction Materials
Block: 1
Concrete: 1
Current Use
Industrial: 1
Road Frontage Type
Highway: 1
Building Features
Vac Off/Retail SqFt: 990
Vac Warehouse SqFt: 10410
Business Type
Industrial: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Ceiling Height: 11 - 14 Feet High,15 - 20 Feet High; Bldg Type/Location: Free Standing; Construction: Metal; Confidential Listing: N; Commercial Property Name: Multi-Tenant/Boyce; Financial Package: No; Franchise Opt In: No
Contract Information
Current Price: $1,025,000
Sold Price: $1,025,000
Status: Closed
Listing Contract Date: 2019-02-25
Property Sub Type: Business
Location Tax and Legal
Street Number: 137
Street Direction Prefix: W
Street Name: Marion
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32132
MLS Area Major: 80 - Edgewater
Status Change Information
Major Change Timestamp: 2019-10-01T20:16:28Z
Major Change Type: Status Change
Purchase Contract Date: 2019-08-28
Close Date: 2019-09-30
Close Price: 1025000
Property Features
Business Type: Industrial
Construction Materials: Block; Concrete
Current Use: Industrial
Road Frontage Type: Highway
Sale Includes: Building & Land
Listing Office:
Coldwell Banker Commercial Benchmark
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.