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    205 Zeagler Dr

    Palatka, FL 32177
    • $1,599,000
    • STATUS: Active Under Contract
    • ON SITE: 60 Days
    • MLS #: 1128163
    Under Contract
    UPDATED: 55 min ago
    $1,599,000
    • 0
      BEDS
    • 4.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,620
      SQFT
    • $138
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1989
    County:

    School Ratings & Info

    Description

    Great Investment and/or 1031 Exchange property with 6 total units totaling over 11,600 sf of leasable space. 4 of the units have established business leases in place - medical related and other business uses. Two others are currently for lease in separate listings. They were former Medical Labs. 5% CAP rate at List Price even with the two vacancies. When those lease, the CAP rate will increase to over 7%. Hidden Value in this deal is the excess land that can be developed into at least 4 more units. This is a great investment property.

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    © 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than The Newcomer Group are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-10-26T00:24:20.977.

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    205 Zeagler Dr Palatka, FL 32177

    • Price: $1,599,000
    • Status: Active Under Contract
    • Updated: 55 min ago
    • MLS #: 1128163
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.5
    Acres
    11,620
    SQFT
    $138
    $/SQFT
    1989
    Built
    Neighborhood:
    56-Putnam County-NE
    County:
    Putnam
    Area:
    56-Putnam County-NE
    Property Description
    Great Investment and/or 1031 Exchange property with 6 total units totaling over 11,600 sf of leasable space. 4 of the units have established business leases in place - medical related and other business uses. Two others are currently for lease in separate listings. They were former Medical Labs. 5% CAP rate at List Price even with the two vacancies. When those lease, the CAP rate will increase to over 7%. Hidden Value in this deal is the excess land that can be developed into at least 4 more units. This is a great investment property.
    Exterior Features

    Building Stories 1 Story Exterior Wall Stucco Lot Description Natural DrainageRegular LotSidewalks Lot Location Suburban Navigable To Ocean YN No Parking Facilities > 1 Space Per UnitAsphalt BlacktopConcreteNo Covered ParkingOver 100 Spaces Road Frontage City StreetCounty Road Road Surface Asphalt Road Roof MetalShingle Structure SlabSteel FramingWood Frame Waterfront YN No

    Interior Features

    HVAC Central Total Bldg Sq Ft 11620.00

    Property Features

    Buildings 4 Buildings Commercial Type Commercial Condition Excellent Current Zoning 01900- Prof Off Development Status Recorded Plat Existing Rental Inc 129918.00 Expenses Include Accounting/LegalAdvertisingInsuranceLicenses & PermitsRepairs & MaintTaxes-Real Estate Net Operating Income 75788.00 Occupancy Tenant Occupied Occupancy Rate 67.00 Possible Financing CashConventional Present Use Zoned CommercialProfessional/Office Square Foot Source Tax Roll Tenant Expenses Cam Total Oper Expenses 54130.00 Type Potential Use BusinessCommercialInvestmentOfficeVacant Land Units 5 - 10 Units Use Of Adjacent Area CommercialCounty RoadProfessional OfficeResidentialRetail Utilities Cable - ConnectedSewer - PublicWater - Public

    Listing courtesy of Coldwell Banker Vanguard Realty.


    © 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than The Newcomer Group are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-10-26T00:24:20.977.

    Digital Millennium Copyright Act
     
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