106 Center StPierson, FL 32180

Property Details for 106 Center St

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.20 AC

Property size (Sq ft)

3,287 SF

Property type

Retail properties

Property subtype

Banks

APN

4834-05-00-0300

APU

483405000300

Description

This exceptional investment opportunity presents a thriving, established fernery situated on a sprawling 174-acre parcel in Pierson, Florida. Priced at $5,500,000, this turnkey operation boasts a substantial net operating income (NOI) of $600,000, translating to an attractive 10.91% capitalization rate. The property includes purpose-built structures perfectly suited for fern cultivation, processing, and storage, ensuring efficient operations. A dedicated management team is already in place, providing for seamless daily operations, even with an absentee owner. The seller is committed to facilitating a smooth transition for the new owner, offering support as needed. While the exact address is not publicly listed, interested parties are encouraged to inquire for further details. This is a rare chance to acquire a profitable, established business with significant land holdings in a desirable location. The property is offered for sale by owner. The sale includes all existing buildings and equipment necessary for continued operation. This is an ideal opportunity for an investor seeking a high-yield, established business with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $822,487

  6.5%

  $759,219

  7%

  $704,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $924,658

  Geo Method

  $924,658

• Alternative Use

  Use

  Valuation

  Residential

  $640,430

  Hospitality

  $586,630

  Educational

  $488,069

  Medical

  $504,855

  Retail

  $759,219

Location Insight

City

Pierson

County

Volusia

State

Florida

Latitude

29.2401

Longitude

-81.4634

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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