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708 W Park Ave

4,000 SF 100% Leased Industrial Building Edgewater, FL 32132 $639,000 ($160/SF) 7.45% Cap Rate

Warehouses Florida Edgewater 708 W Park Ave, Edgewater, FL 32132

Executive Summary

Exceptional Investment Opportunity: 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. Don’t 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 7.45%

Attachments

W Park Warehouse
360_Property_View1021
Professional Flyer_111224 (1)

Property Facts

Price $639,000 Building Class C
Price Per SF $160 Lot Size 0.64 AC
Sale Type Investment Rentable Building Area 4,000 SF
Cap Rate 7.45% No. Stories 1
Sale Conditions 1031 Exchange Year Built 1979
Property Type Industrial Parking Ratio 3.25/1,000 SF
Property Subtype
Warehouse
  • General Retail Auto Repair
  • Industrial Distribution
  • Industrial Service
 No. Drive In / Grade-Level Doors 5
Price $639,000
Price Per SF $160
Sale Type Investment
Cap Rate 7.45%
Sale Conditions 1031 Exchange
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Repair
  • Industrial Distribution
  • Industrial Service
Building Class C
Lot Size 0.64 AC
Rentable Building Area 4,000 SF
No. Stories 1
Year Built 1979
Parking Ratio 3.25/1,000 SF
No. Drive In / Grade-Level Doors 5

Amenities

  • Bus Line
  • Fenced Lot
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708 W Park Ave, Edgewater, FL - aerial map view - Image1
708 W Park Ave, Edgewater, FL - aerial map view - Image2
708 W Park Ave, Edgewater, FL - aerial map view - Image3

PROPERTY TAXES

Parcel Number 7452-01-00-037A Improvements Assessment $200,099
Land Assessment $76,940 Total Assessment $277,039

PROPERTY TAXES

Parcel Number
7452-01-00-037A
Land Assessment
$76,940
Improvements Assessment
$200,099
Total Assessment
$277,039

zoning

Zoning Code 07I1
07I1
(386) 401-8008

Contact

  • Listing ID: 33660527

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 708 W Park Ave, Edgewater, FL 32132

More public record information on 708 W Park Ave, Edgewater, FL 32132

The Industrial Property at 708 W Park Ave, Edgewater, FL 32132 is currently available for sale. Contact Collado Real Estate for more information.

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708 W Park Ave
(386) 401-8008 x

708 W Park Ave

Ignacio Barsottelli

(386) 401-8008

(386) 401-8008

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