500 Pullman RdEdgewater, FL 32132

This exceptional investment opportunity presents a 16,021-square-foot industrial property situated on a 2.3-acre lot in Edgewater, Florida's Parktown Industrial Park. The property, built in 2004, features a single, 100% occupied building with four units, currently housing three tenants. The concrete block and metal structure boasts a highly visible corner lot location on the main entrance, enhanced by a circular driveway providing convenient access for tractor-trailers. Its strategic location between I-95 and US-1 ensures excellent accessibility. The property's current NOI is $140,000, yielding a 6.41% cap rate, while the pro-forma NOI is $193,800, projecting an 8.87% cap rate. The asking price is $2,185,000, translating to $136.38 per square foot and $546,250 per unit. The property is zoned for industrial and manufacturing uses. This is a rare chance to acquire a well-located, income-producing asset with significant upside potential. Units 1 and 2 are currently combined.