Search

4641 Clyde Morris Boulevard 204-207, Port Orange, FL 32129

$1,200,000
Property Type: Commercial Sale Lot Size (sq. ft.): 1,742 Status: Closed
Current Price: $1,200,000 List Date: 6/22/2023 Last Modified: 9/28/2024

Description

Welcome to this exceptional income-producing commercial property in the heart of thriving Port Orange, Florida. This fully leased, beautifully maintained Key West-style condominium, this property is enhanced by the fact that it has a long-term tenant in place, with multiple years remaining on the current lease. The property's longevity and stability are further solidified by the presence of a trusted and established tenant committed to the space for the foreseeable future. This provides you, as the investor, with peace of mind and the assurance of consistent rental income. You can enjoy immediate cash flow with this absolute NNN lease with no expense to owner & 3% annual increases ensuring a hassle-free investment experience.

Supplements: Inside, the interiors are thoughtfully designed and well-appointed, reflecting the coastal ambiance of the area. Port Orange is a thriving community with a strong local economy and a growing population. The city's strategic location, coupled with its vibrant lifestyle and natural beauty, make it an enticing destination for residents and tourists alike. Investing in this income-producing commercial property offers a rare opportunity to capitalize on the success of Port Orange while enjoying a healthy 6.5% cap rate. Don't miss out on this chance to secure a lucrative investment in one of Florida's most sought-after locations.

More Information MLS# 1110747

General Property Information

Lot Size Acres: 0.04 Number Of Units Total: 4 Association YN: No Water Body Access YN: No Waterfront YN: No Directions: SE Corner Herbert and Clyde Morris Public Remarks: Welcome to this exceptional income-producing commercial property in the heart of thriving Port Orange, Florida. This fully leased, beautifully maintained Key West-style condominium, this property is enhanced by the fact that it has a long-term tenant in place, with multiple years remaining on the current lease. The property's longevity and stability are further solidified by the presence of a trusted and established tenant committed to the space for the foreseeable future. This provides you, as the investor, with peace of mind and the assurance of consistent rental income. You can enjoy immediate cash flow with this absolute NNN lease with no expense to owner & 3% annual increases ensuring a hassle-free investment experience. Year Built: 2006

Location, Tax, and Legal

Country: US Parcel Number: 6308-29-02-2040 Tax Annual Amount: 13220.28 Tax Year: 2022 Tax Legal Description: UNIT 204 BLDG 2 GULFSTREAM VILLAGE CONDO PER OR 5177 PG 4054 PER OR 5620 PG 4285 PER OR 6229 PG 1227 UNIT 205 BLDG 2 GULFSTREAM VILLAGE CONDO PER OR 5177 PG 4054 PER OR 5620 PG 4285 PER OR 6229 PG 1227 UNIT 206 BLDG 2 GULFSTREAM VILLAGE CONDO PER OR 5177 PG 4054 PER OR 5620 PG 4285 PER OR 6229 PG 1227 UNIT 207 BLDG 2 GULFSTREAM VILLAGE CONDO PER OR 5177 PG 4054 PER OR 5620 PG 4285 PER OR 6229

Currently Not Used

Unit Number: 204-207 Year Built: 2006

Construction Materials

Stucco: 1

Cooling

Central Air: 1

Current Use

Office: 1

Heating

Central: 1

Road Frontage Type

City Street: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Building Features

Ceiling Eve Height: 7 - 10 Feet High Kitchen Facilities: 1 Private Restroom: 1 Public Restroom: 1 Showroom: 1

Business Type

Business Park: 1 Commercial: 1 Professional Service: 1 Professional/Office: 1

Existing Lease Type

NNN: 1

Location

Commerce Park: 1

Sale Includes

Building & Land: 1

Historical Information

Public Historical Remarks 1: Zoning (Text): CC; Bldg Type/Location: Attached; Income/Operating Inc: Annual Escalation: 3; Parking: Paved; SqFt - Total: 6302.00; Site Improvements: Curb/Sidewalks; Confidential Listing: N; % Occupancy: 100.00; Financial Package: Yes; Franchise Opt In: No

Contract Information

Current Price: $1,200,000 Sold Price: $1,200,000 Status: Closed Listing Contract Date: 2023-06-22 Property Sub Type: Business

Location Tax and Legal

Street Number: 4641 Street Name: Clyde Morris Street Suffix: Boulevard County: Volusia State: FL Postal Code: 32129 MLS Area Major: 24 - Port Orange N of Dunlawton, E of 95

Status Change Information

Major Change Timestamp: 2023-08-28T17:18:17Z Major Change Type: Status Change Purchase Contract Date: 2023-07-10 Close Date: 2023-08-28 Close Price: 1200000

Property Features

Building Features: Kitchen Facilities; Private Restroom; Public Restroom; Showroom Business Type: Business Park; Commercial; Professional Service; Professional/Office Construction Materials: Stucco Cooling: Central Air Current Use: Office Existing Lease Type: NNN Heating: Central Location: Commerce Park Road Frontage Type: City Street Sale Includes: Building & Land Sewer: Public Sewer Water Source: Public
Listing Office: Realty Pros Commercial
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

Compare listings

Compare