Business Overview:
This is an excellent income property in a steady growth area of Florida. It has over 500 sq. ft. that has not been leased and could easily be used a office space as well as for storage. This property requires no maintenance and has the potential for a much higher cap rate. Osceola county has platted a road next to this property which will give a much greater access to the major thoroughfares. The sellers are motivated.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This 4395 sq. ft. metal building is in excellent condition and sits on approximately .45 acres. The interior is divided by petition walls with open ceilings that can be used as offices. There are adjoining walk-in refrigeration coolers for storage.
Location Description: This income property is located in a very busy commercial growth area near the attractions outside Orlando. It has easy access to Florida Turnpike & other major highways.
Price per square foot: $224.
Income Property Gross Income: $82,800.
Income Property Net Operating Income: $73,403.
Current Property Expenses: Taxes: $4,400 - Ins: $3,797 - Maintenance: $1,200.
Current and Prior Use: The property has just been leased as a Day Care Center for up to 70 children at $23.00 PSF +4% escalation per 12 months with a 2 year option.
Year of Construction: 1997.
Building Square Feet: 4,395.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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