2030 Hibiscus Drive, Edgewater, FL 32141

$1,790,000
10,020
SqFt
List Price
$1,790,000
Status
Active
Days on Market
7
MLS#
NS1081787
Property Style
Warehouse
New Construction
Yes
Year Built
1998
Living Area
10,020
Lot Size
29,600
Acres
0.67
Total Acreage
1/2 to less than 1
Legal Subdivision Name
Florida Shores
Development Name
Edgewater Plaza And Storage
MLS Area Major
Edgewater

Property Description

This 40-unit storage facility located in the Commercial business district is a lucrative investment opportunity. The original concrete block 7000 sq. ft. main building FLEXSPACE is currently being used as FOURTEEN individual storage units of various sizes and can easily be converted back to one, two or three larger capacity units/facilities. There is a large upfront unit of 2185 s ft w/ bathroom, TWELVE units of 25 x 14 and a spacious end unit of 50 x 14. The additional metal building houses 26 additional units and was newly added after completion of the main building. There are FOUR 10 x 8 storage units and TWENTY-TWO 10 x 10 storage units. Completely updated and in perfect working order, these facilities are ready to generate solid income for any investor. The property is a large parcel w survey available measures 160 ft x 187 ft. Ideal for a 1031 exchange buyer looking to reinvest in a like-kind property here in Florida and defer capital gains taxes, this storage facility promises a reliable source of income. With multiple units of varying sizes available, there is ample potential to maximize returns and cater to a diverse range of storage needs for tenants. Some units are climate controlled, while others are not. Owner pays electric & Water costs Overall, this property presents a secure and profitable investment option for those seeking a stable income stream in the commercial real estate sector. Don't miss out on this chance to acquire a turnkey investment property with significant income potential. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable source of passive income, this renovated storage facility is a smart and lucrative choice. Contact me today for more information and take the first step towards securing this prime real estate opportunity.

Additional Information

Taxes Annual
$7877
Condo Fees Term
Annual
Location
Central Business District
Community Features
No Deed Restriction
Property Description
One Story
Zoning
B
Floor
Concrete
Utilities
Electricity Available, Sewer Nearby, Water Connected
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Concrete
Roof
Metal
Foundation
Slab
Pool
No Pool
Garage Features
Parking Spaces - 6 to 12, Curb Parking, Ground Level
Pets
Not allowed
Flood Zone Code
X
Parcel ID
840201031420
Legal Description
LOTS 3142 TO 3145 INC BLK 152 FLORIDA SHORES NO 2 REVISED PL AT MB 23 PG 103 PER OR 2747 PG 0596 PER OR 7030 PG 0225 PER OR 8230 PG 4790

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Listing courtesy of COLLADO REAL ESTATE.

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