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205 Zeagler Dr

Palatka, FL 32177
  • $1,607,600
  • STATUS: Active
  • ON SITE: 460 Days
  • MLS #: 1128163
UPDATED: 32 min ago
$1,607,600
  • 0
    BEDS
  • 2.67
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,770
    SQFT
  • $207
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989
County:

School Ratings & Info

Description

1031 Exchange partially fell through, so 4 total units totaling over 6800 sf of leasable space remain. 3 of the units have established business leases in place, tenants been there for years- RECENTLY RENEWED - medical related & other business uses. One other was recently vacated & is a former Medical Lab. Seller has chosen not to lease & let a new buyer either use it for a home office or lease it themselves. 6+CAP rate at List Price even with the one vacancy. When fully leased, CAP rate will increase to over 7%. Hidden Value in this deal is the excess land (that can be purchased separately) & developed into at least 8 more units. See separate listings if interested in single units or land. This is a great investment property.

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© 2022 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 97Park 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 2022-11-30T15:25:38.537.

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205 Zeagler Dr Palatka, FL 32177

  • Price: $1,607,600
  • Status: Active
  • On Site: 460 Days
  • Updated: 32 min ago
  • MLS #: 1128163
0
Beds
0
Baths
0
½ Baths
2.67
Acres
7,770
SQFT
$207
$/SQFT
1989
Built
Neighborhood:
56-Putnam County-NE
County:
Putnam
Area:
56-Putnam County-NE
Property Description
1031 Exchange partially fell through, so 4 total units totaling over 6800 sf of leasable space remain. 3 of the units have established business leases in place, tenants been there for years- RECENTLY RENEWED - medical related & other business uses. One other was recently vacated & is a former Medical Lab. Seller has chosen not to lease & let a new buyer either use it for a home office or lease it themselves. 6+CAP rate at List Price even with the one vacancy. When fully leased, CAP rate will increase to over 7%. Hidden Value in this deal is the excess land (that can be purchased separately) & developed into at least 8 more units. See separate listings if interested in single units or land. This is a great investment property.
Exterior Features

Construction Materials Stucco Lot Features Suburban Parking Features No Covered ParkingAsphalt Blacktop Road Frontage Type County RoadCity Street Road Surface Type Asphalt Road Roof ShingleMetal Waterfront YN No

Property Features

Attached Garage YN No Business Type OfficeBusinessVacant LandInvestment Development Status Recorded Plat Listing Terms ConventionalCash Possession Tenant Occupied Utilities Water - PublicSewer - PublicCable - Connected

Listing courtesy of Coldwell Banker Vanguard Realty: (904) 285-5000.


© 2022 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 97Park 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 2022-11-30T15:25:38.537.

Digital Millennium Copyright Act
 
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