Edgewater, FL 32141,2030 Hibiscus DR
Edgewater, FL 32141,2030 Hibiscus DR
Edgewater, FL 32141,2030 Hibiscus DR
Edgewater, FL 32141,2030 Hibiscus DR
Edgewater, FL 32141,2030 Hibiscus DR
Edgewater, FL 32141,2030 Hibiscus DR
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$1,125,000

$1,385,000

18.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2 Baths

10,020 SqFt


SOLD DATE : 10/18/2024

Key Details

Sold Price $1,125,000

Property Type Commercial

Sub Type Warehouse

Listing Status Sold

Purchase Type For Sale

Square Footage 10,020 sqft

Price per Sqft $112

Subdivision Florida Shores

MLS Listing ID 1200120

Sold Date 10/18/24

Originating Board Daytona Beach Area Association of REALTORS®

Year Built 1979

Annual Tax Amount $7,877

Lot Size 0.679 Acres

Lot Dimensions 0.68

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.

Location

State FL

County Volusia

Community Florida Shores

Direction US 1 South to SR 442 (Indian River Blvd) go W to Hibiscus, turn left head S to 2030 on the right.

Interior

Heating Central

Cooling Central Air, Electric

Exterior

Garage Additional Parking, Parking Lot, Shared Driveway, Unassigned

Waterfront No

Roof Type Metal

Accessibility Accessible Doors, Accessible Entrance, Accessible Hallway(s), Visitable, Visitor Bathroom

Parking Type Additional Parking, Parking Lot, Shared Driveway, Unassigned

Building

Lot Description Cleared

Structure Type Block,Metal Siding,Other

Others

Senior Community No

Tax ID 8402-01-03-1420

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

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Listed by Collado Real Estate
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