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205 VL Zeagler Dr

Palatka, FL 32177
  • $425,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 1181087
$425,000
  • 0
    BEDS
  • 1.83
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Appx 1.83 acres of vacant land with infrastructure & shared parking that has a site plan for adding up to 8 medical office units within a complex that has 10 total units now. 6 of those 10 units totaling over 11,200 sf of leasable space can be bought separately or together. See MLS 1128163 . 5 of the units have established medical or lab related uses with business leases in place, tenants been there for years- RECENTLY RENEWED, the Units have 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 is in this listing & excess land that can be purchased separately & developed into at least 8 more units. Great investment now. Buy - hold - or add value to the other units as a package

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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 CrossView Realty 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 2022-10-01T00:24:08.59.

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205 VL Zeagler Dr Palatka, FL 32177

  • Price: $425,000
  • Status: Active
  • On Site: 78 Days
  • MLS #: 1181087
0
Beds
0
Baths
0
½ Baths
1.83
Acres
Neighborhood:
Palatka
County:
Putnam
Area:
56-Putnam County-NE
Property Description
Appx 1.83 acres of vacant land with infrastructure & shared parking that has a site plan for adding up to 8 medical office units within a complex that has 10 total units now. 6 of those 10 units totaling over 11,200 sf of leasable space can be bought separately or together. See MLS 1128163 . 5 of the units have established medical or lab related uses with business leases in place, tenants been there for years- RECENTLY RENEWED, the Units have 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 is in this listing & excess land that can be purchased separately & developed into at least 8 more units. Great investment now. Buy - hold - or add value to the other units as a package
Exterior Features

Lot Features Other Road Frontage Type Bus District Street2 Lane Road Road Surface Type Asphalt Road Waterfront YN No

Property Features

Association Fee 2000 Association Fee Frequency Annually Buyer Financing CashConventional1031 ExchangeUsda/Ruralhsngsvc Current Use CommercialProfessional/Office Possession At Closing Utilities Water - PublicSewer - PublicCable - AvailableWater - Near SiteSewer - Near SiteElectric Near Site

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 CrossView Realty 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 2022-10-01T00:24:08.59.

Digital Millennium Copyright Act
 
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