137 W Marion Avenue
Edgewater, FL 32132

$1,100,000

Description

The Boyce Industrial Complex is a 2.5 acre industrial park in Edgewater, Florida with 13,000 SF leasable space. The property performs consistently with very low vacancy rates and long-term tenants. Property was engineered for and has all infrastructure in place for 2 additional buildings totaling 14,000 SF (drawings available). Vacant areas currently leased for trailer, RV, and boat storage. Owner occupies 2,000 SF and will vacate when sold. All leases are 1 year leases. Upside opportunity on lease rates. Boyce Industrial complex is offered at an 8.2% CAP rate. Park is located in the industrial district of Edgewater. Edgewateris experiencing substantial economic growth. Meets all criteria for Opportunity Zone investment.

Details

MLS#1054470
Sub-TypeResale
StatusActive
Year1990
Days On Site175

Features

SQ Feet11,400
Story(s)1
ZoningIndustrial

Market Activity 32132

Loading Form

Loading Form

Area Information

StateFL
CountyVolusia
CityEdgewater
Zip Code32132
Area80 - Edgewater
Listing VS Median (in 32132)
Price:
$1,100,000
low | high
Med:
$252,000
100% of Average
SqFt:
11,400
low | high
Med:
1,917
100% of Average
$ / SqFt:
$96
low | high
Med:
$132
13.023196567445% of Average
On Site:
175
low | high
Med:
111
100% of Average
Listing Updated: 08/22/2019
MLS Number: 1054470
Listing Provided By:
Robert Rand  of  Coldwell Banker Commercial Benchmark