EXCELLENT Mixed Use Residential & Commercial Property

Asking Price$799,000

Gross Revenue
$61,200

Net Operating Income$51,548

FF&E$10,000
Included in asking price
Building Sq. Ft.7060

Price per Sq. Ft.$113.00

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EXCELLENT Mixed Use Residential & Commercial Property


Asking Price$799,000

Gross Revenue
$61,200

Net Operating Income$51,548

FF&E$10,000
Included in asking price
Building Sq. Ft.7060

Price per Sq. Ft.$113.00


Seller Financing Available
Property Description
EXCELLENT Commercial Property with 8+% Cap Rate
This property is Zone Mixed Use Commercial & Residential. It has five(5) current tenants. (1) Residential (3BR,2BA) (2) Apartment 1BR,1BA) (3) Catering Business (4) Barber Shop (5) Locksmith. First time on the market long-time family owned Mixed Use Office/Store/Residential property with multiple- tenant incomes or can be converted to Professional offices with storefront. For Attorney, Accountants, Title Company, Real Estate, Tax Advisor, Stock Advisor, Compay HQ, etc. Main house is 3,9650 sq is 100 concrete construction. Stories -2 with additional Unfinished Basement. Property includes five revenue units with total of nine(9) bathrooms, 1-kicthen, 2- kitchenettes, and 1 Profeesional Kitchen (Catering). (19 total plumbing fixtures). Bldg #2 (catering) 1,110 sf; Bldg #3 (Retail) 1,000 sf; Bldg #4 (Retail) 1,000 sf. Property has 3-attached commercial units. Construction is cast-in-place Concrete, The posssible uses of this extraordinary property are a long list. Overall locaton near beaches, entertainment, transportation, restaurants, banks, services, hotels, etc. Next door to 7-11, Wells Fargo Bank, Waffle House. DON'T MISS OUT ON THIS UNIQUE & VALUABLE PROPERTY!
About the Property
Type
Multi-Family
Building Status
Established
Facilities & Assets
Five Tenants Onsite, paved parking loy for 10 vehilces, Unmetered parking on street for 15 vehicles, all construction is reinforced concrete or concrete block. Three Commercial units, two residential units, one storage unit.
Location Description
Perfect location for professional, commercial and mixed use commercial business. Direct access to beach and entertainment, including Convention Center 1,500'. Nearby law offices, title offices, banking, and other professional services. Restaurants, entertainment and other tourist services closeby. Not in a flood zone.
Current and Prior Use
Mixed use residential and commercial
Year Built
1973
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
Seller will carry $200K as 2nd mortgage for 5-years, 5.5%APR, Level Payments.
Current Property Expenses
Taxes and Ins
Listing Info
ID:
2415990
Listing Views:
13
Attached DocumentsAttachment Disclaimer

RENT_EXPENSE_SUMMARY_627_N_OLEANDER_DAYTONA_BEACH.pdf

BR1 - ZONING DETAILS 627 OLEANDER.pdf

INFO PACK- 627 OLEANDER.pdf


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Property Listed by: Robert Brewster Watson Realty Corp.

Listing ID: 2415990 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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