2426 NE Letitia St
Jensen Beach, FL 34957
Retail Property For Sale
EXECUTIVE SUMMARY
Property is a residential /commercial storfront with a cottage in the back.
Property is currently master leased by a Real Estate company with 3 years remaing
and no options thereafter. Rent is way below market creating huge upside for a new Buyer.
Cap Rate is based on Proforma.
Property is currently master leased by a Real Estate company with 3 years remaing
and no options thereafter. Rent is way below market creating huge upside for a new Buyer.
Cap Rate is based on Proforma.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,380 SF
Building Class
C
Year Built
1958
Price
$585,000
Price Per SF
$423.91
Cap Rate
6.30%
NOI
$36,855
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
B1 - Business / residential
Parking
8 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
64’ on Letitia st
PROPERTY TAXES
| Parcel Number | 26-37-41-004-000-00710-8 | Improvements Assessment | $166,130 |
| Land Assessment | $395,750 | Total Assessment | $395,750 |
