Commercial Sale Property - Warehouse in Englewood
Listing Price: $990,000
Description of Property
Listing broker is the Managing Partner of the LLC that owns this property. GREAT INVESTMENT OPPORTUNITY! 7% net CAP RATE IS OFFERED in this deal. Please do not disturb tenant. APPOINTMENT REQUIRED IN ORDER TO SEE THE PROPERTY. BUYER IS ADVICE TO DO THEIR OWN DILIGENCE! Prime location, minutes to all major retailer and less than 500 feet from the main commercial road. In the hearth of the SAN CASA BUSINESS DISTRICT. This property brings a $68,400 NET INCOME (NNN lease) every year. Tenant is responsable for all expenses: maintenance, taxes and insurance. Tenant is very committed to the property since he runs a multi millions $ business from this location with heavy equipment. Corner building has frontage on two sides. Property has great signage. The property is composed of: - a large metal frame building with a shop for maintaining two high profile vehicles (RV, commercial trucks…) and an office space that has been renovated December 2022. Some improvements have been made recently on the building (2022): replacement of one door shop and light roof renovations. - An half acre fenced land. The land has been improved in 2022 with crush concrete all around. A couple of bonus to create additional opportunities or extra income in the future: -there is a dump station on the property for RVs grey water -the previous tenant was licensed as a propane wholeseller. Propane tank has been removed but installation and connection are still on site to be back in business. -A heavy duty two post lift and a commercial compressor convey with the sale of the property Tenant has a 30 day first right of refusal should the seller receive a acceptable contract.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Warehouse
City: Englewood
County: Charlotte
Subdivision: San Casa
Sq. Ft. Gross: 2,652
Sq. Ft. Living Area: 2,652
Cost per (heated) sqare foot: $373
Year built: 1976
Annual Tax: $5,620
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
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Water Access: Not specified
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Exterior & Construction
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Construction: Metal Frame, Metal Siding
Foundation: Slab
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Floors Total: 1
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Cooling: A/C - Office Only, Central Air
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Lot Information
Lot Features:
Lot Size (acres): 0.83
Lot Size (sq. ft.): 36,147 square feet
Road Frontage: Business District
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Legal Description & Other Information
Parcel Number: 412004382005
Zoning: IG
Tax Legal Desc.: SAC 000 000B 0001 SAN CASA BLK B LTS 1 2 & 3 421/187 521/434 636/551 E764/1080 782/671 2264/1505 2961/1903 5046/2172
Listing courtesy of JAMES D JOINER REAL ESTATE. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.