2012 Guava DrEdgewater, FL 32141

Property Details for 2012 Guava Dr

Year built

1987

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

2,400 SF

Zone code

B2

Property type

Retail properties

Property subtype

Other retail properties

APN

8402-01-06-7720

APU

840201067720

Description

This exceptional investment opportunity presents a 2,400-square-foot industrial building situated on a 10,000-square-foot lot in Edgewater, Florida. Built in 2002, this single-story structure features two separate bays, each equipped with a 12-foot overhead door and its own entry. The building also includes two bathrooms and a dedicated office/customer area, providing ample space for various business needs. The property boasts a 14-foot ceiling height and is conveniently located on Guava Drive in a mixed-use commercial zone, offering excellent visibility and accessibility. Ample parking is available, and the property is fully fenced. The property is zoned WRHS/DIST TERM. This owner-user opportunity is ideal for a variety of businesses. The asking price is $799,000. Note that an established auto body business is available for an additional $200,000. This add-on includes equipment such as a Brewco lift and rack in one bay and a DeVilbiss paint booth in the other, along with existing state, county, and city operational licenses. The current owner is willing to provide brief assistance to ensure a smooth transition for the new owner.

• CAP approach

  CAP return

  Valuation

  6%

  $838,248

  6.5%

  $773,767

  7%

  $718,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,038,620

  Geo Method

  $675,138

• Alternative Use

  Use

  Valuation

  Residential

  $652,702

  Hospitality

  $597,871

  Educational

  $497,422

  Medical

  $514,529

  Retail

  $773,767

Location Insight

City

Edgewater

County

Volusia

State

Florida

Latitude

28.965

Longitude

-80.8999

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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