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Key Details
Sold Price $840,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,442 sqft
Price per Sqft $99
Subdivision L L Dell Estate
MLS Listing ID GC515558
Sold Date 11/09/23
HOA Y/N No
Originating Board Stellar MLS
Year Built 2004
Annual Tax Amount $8,348
Lot Size 1.120 Acres
Acres 1.12
Property Description
Investor Alert - Cap Rate is 8.9%. This commercial building is leased for four years with a option for 2 additional years. Per the lease, the tenant, a nationally known corporation, agrees re-imburse the owner for property taxes and building insurance. Tenant is responsible for the maintenance of the building and property. The roof has a corrugated metal roof with solar panels. Any major issues with the solar panels and the roof is the owners responsibility as well as if an AC needs replacement. The lease is available for examination by a serious buyer. This building is located in close proximity with Progress Park and San Falesco Tech City in the growing city of Alachua. The cap rate on the income for the next four years is 8.9%. This property is located along US-441 with 19,600 daily traffic count per the FDOT. Property is zoned CI, Commercial Intensive. The building has a cement ramp for a forklift and has dock height loading at the rear of the building.
Location
State FL
County Alachua
Community L L Dell Estate
Zoning CI
Interior
Heating Heat Pump
Cooling Central Air
Flooring Concrete
Exterior
Utilities Available Water Connected
Building
Story 1
Foundation Block, Slab
Lot Size Range 1 to less than 2
Sewer Septic Tank
Water Well
Structure Type Concrete,Wood Frame
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with BHHS FLORIDA REALTY