Pending
2030 HIBISCUS DR
EDGEWATER FL, 32141
$1,386,000
$138.32 per sqft
Pending
10,020 sqft
Commercial
Built in 1998
Under contract-accepting backup offers. This 40-unit storage facility located in the Commercial business district is a lucrative investment opportunity. The original concrete block 7000 sq. ft. main building FLEXSPACE is currently being used as FOURTEEN individual storage units of various sizes and can easily be converted back to one, two or three larger capacity units/facilities. There is a large upfront unit of 2185 s ft w/ bathroom, TWELVE units of 25 x 14 and a spacious end unit of 50 x 14. The additional metal building houses 26 additional units and was newly added after completion of the main building. There are FOUR 10 x 8 storage units and TWENTY-TWO 10 x 10 storage units. Completely updated and in perfect working order, these facilities are ready to generate solid income for any investor. The property is a large parcel w survey available measures 160 ft x 187 ft.
Ideal for a 1031 exchange buyer looking to reinvest in a like-kind property here in Florida and defer capital gains taxes, this storage facility promises a reliable source of income. With multiple units of varying sizes available, there is ample potential to maximize returns and cater to a diverse range of storage needs for tenants. Some units are climate controlled, while others are not. Owner pays electric & Water costs
Overall, this property presents a secure and profitable investment option for those seeking a stable income stream in the commercial real estate sector. Don't miss out on this chance to acquire a turnkey investment property with significant income potential. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable source of passive income, this renovated storage facility is a smart and lucrative choice. Contact me today for more information and take the first step towards securing this prime real estate opportunity.
NS1081787
MLSⓇ ID
June 11, 2024
Listed
September 17, 2024
Updated
Map
2030 HIBISCUS DR
EDGEWATER FL, 32141
Interior Features
Total Stories
1
Floor Description
Concrete
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.68 Acres
Lot Features
Central Business District
Roof
Metal
Sewer
Public Sewer
Other Property Details
Area Name
32141 - Edgewater
Taxes
$7,877
Tax Frequency
Annually
Days on Market
87
Garage
No
Parking
Parking Spaces - 6 to 12, Curb Parking, Ground Level
View
No
County
Volusia
Municipality
34
Water Source
Public
Pool
No
Zoning
B
Listing History
Date | Event | Price |
---|---|---|
9/7/2024 | Pending | — |
8/25/2024 | Price change | $1,386,000 0% |
7/18/2024 | Price change | $1,385,000 -8% |
6/28/2024 | Price change | $1,490,000 -17% |
Listed by COLLADO REAL ESTATE
Listing Contact: 386-427-0002
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Data last updated 9/17/2024, 10:49 PM UTC