708 Park AveEdgewater, FL 32132

Property Details for 708 Park Ave

Year built

1979

Construction

WOOD

Lot size

0.64 AC

Property size (Sq ft)

4,000 SF

Zone code

I1

Property type

Industrial properties

Property subtype

Other warehouses

APN

7452-01-00-037A

APU

74520100037A

Description

This exceptional investment opportunity presents a 4,000 square foot industrial building situated on a 0.64-acre lot at 708 W Park Avenue in Edgewater, Florida. The property boasts a highly desirable location on a main avenue between Edgewater and New Smyrna Beach, offering excellent visibility and accessibility. The metal building is currently divided into five rentable spaces: three 800 square foot units, one 1,000 square foot unit, and one 600 square foot unit. Each space features its own overhead door for convenient access. The property also includes eight fenced areas, each currently renting for $100 per month. Six of these areas are currently occupied, with one utilized by the property's landscaper. This translates to a strong current rental income stream. The property's industrial zoning allows for potential expansion, maximizing future value and revenue generation. With a 7.45% capitalization rate, this property represents a compelling investment opportunity with significant upside potential in a high-growth area. Don't miss this chance to acquire a well-positioned, income-producing asset. The asking price is $639,000.

Location Insight

City

Edgewater

County

Volusia

State

Florida

Latitude

28.9873

Longitude

-80.9177

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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