Skip To Content

205 Zeagler Dr

Palatka, FL 32177
  • $1,641,700
  • STATUS: Active
  • ON SITE: 351 Days
  • MLS #: 1128163
UPDATED: 22 min ago
$1,641,700
  • 0
    BEDS
  • 2.67
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,200
    SQFT
  • $147
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1989
County:

School Ratings & Info

Description

2 Units Added, BACK ON MARKET! Great Investment and/or 1031 Exchange property with 6 total units totaling over 11,200 sf of leasable space. 5 of the units have established business leases in place, tenants been there for years- RECENTLY RENEWED - medical related and other business uses. One other was recently vacated and is aformer Medical Lab. Seller has chosen not to lease and let a new buyer either use it for a home office or lease it themselves. 6.3% CAP rate at List Price even with the one vacancy. When fully leased, the CAP rate will increase to over 7%. Hidden Value in this deal is the excess land that can be purchased separately and developed into at least 8 more units. See separate listing. This is a great investment property.

Monthly Payment Calculator



© 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 2022-08-13T23:27:03.06.

Digital Millennium Copyright Act
www.97park.com/homes/120862604
Print Image

205 Zeagler Dr Palatka, FL 32177

  • Price: $1,641,700
  • Status: Active
  • On Site: 351 Days
  • Updated: 22 min ago
  • MLS #: 1128163
0
Beds
0
Baths
0
½ Baths
2.67
Acres
11,200
SQFT
$147
$/SQFT
1989
Built
Neighborhood:
56-Putnam County-NE
County:
Putnam
Area:
56-Putnam County-NE
Property Description
2 Units Added, BACK ON MARKET! Great Investment and/or 1031 Exchange property with 6 total units totaling over 11,200 sf of leasable space. 5 of the units have established business leases in place, tenants been there for years- RECENTLY RENEWED - medical related and other business uses. One other was recently vacated and is aformer Medical Lab. Seller has chosen not to lease and let a new buyer either use it for a home office or lease it themselves. 6.3% CAP rate at List Price even with the one vacancy. When fully leased, the CAP rate will increase to over 7%. Hidden Value in this deal is the excess land that can be purchased separately and developed into at least 8 more units. See separate listing. 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 11200.00

Property Features

Buildings 3 Buildings Commercial Type Commercial Condition Excellent Current Zoning 01900- Prof Off Development Status Recorded Plat Existing Rental Inc 137856.00 Expenses Include Accounting/LegalAdvertisingInsuranceLicenses & PermitsRepairs & MaintTaxes-Real Estate Net Operating Income 104572.00 Occupancy Tenant Occupied Occupancy Rate 83.33 Possible Financing CashConventional Present Use Zoned CommercialProfessional/Office Square Foot Source Tax Roll Tenant Expenses Cam Total Oper Expenses 33284.00 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.


© 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 2022-08-13T23:27:03.06.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/nefar/1280_boomver_1_1128163-2.jpg https://bt-photos.global.ssl.fastly.net/nefar/1280_boomver_1_1128163-2.jpg https://bt-photos.global.ssl.fastly.net/nefar/1280_boomver_1_1128163-2.jpg
Logo
97Park
5a Sanchez Ave
St. Augustine FL, 32084