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Executive Summary

Excellent opportunity to acquire a fully leased commercial property in a high-visibility location. This building is currently occupied by a dance studio under a long-term lease of $3,500/month with a 10-year term, providing immediate and stable income for investors. The property features a functional layout suitable for a variety of commercial uses, with ample parking and easy access from a main thoroughfare. The site offers strong exposure and convenient accessibility, making it an attractive location for both tenants and customers. With an established tenant in place and consistent cash flow, this is an ideal turnkey investment opportunity for those seeking reliable returns in a growing area.

Property Facts

Price $450,000
Price Per SF $155.44
Sale Type Investment or Owner User
Cap Rate 9.33%
Property Type
Flex
  • General Retail Freestanding
Building Class C
Lot Size 0.13 AC
Rentable Building Area 2,895 SF
No. Stories 1
Year Built/Renovated 1959/1996
Tenancy Single
Opportunity Zone Yes
Zoning CBD - Central Business District

Amenities

  • Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
25-28-11-331500-008123
Land Assessment
$53,715
Improvements Assessment
$174,259
Total Assessment
$227,974
  • Listing ID: 31025313

  • Date on Market: 2/22/2024

  • Last Updated:

  • Address: 212 Main St, Auburndale, FL 33823

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