205 Zeagler Dr, Palatka, FL 32177
sale
$1,641,700
|
Commercial
Courtesy Of Vanguard Realty, Inc.
2 Units Added, BACK ON MARKET! Great Investment and/or 1031 Exchange property with 6 total units totaling over 11,200 sf of leasable space. 5 of the units have established business leases in place, tenants been there for years- RECENTLY RENEWED - medical related and other business uses. One other was recently vacated and is aformer Medical Lab. Seller has chosen not to lease and let a new buyer either use it for a home office or lease it themselves. 6.3% CAP rate at List Price even with the one vacancy. When fully leased, the CAP rate will increase to over 7%. Hidden Value in this deal is the excess land that can be purchased separately and developed into at least 8 more units. See separate listing. This is a great investment property.
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Property Features
- Age: 31-40 Years Old
- Architecture Style: Other
- Cooling System: Central A/C
- Exterior Type: Stucco
- Floors: 1.0
- Legal Description: PT OF NW1/4O NW1/4 OR328, P1603(EX OR599 P1068 OR786,P588 OR639PP1639 1666 OR951,P1444) & PT OF NW1/4OFNW1/4 OR599,P1068
- MLSID: 1128163
- Parking Type: Covered
- Roof Type: Metal
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