About 708 W Park Avenue
Exceptional Investment Opportunity in Prime Industrial Zone Positioned on a prime avenue in a high-growth area, this property offers a very strong return on investment with excellent appreciation potential. Enjoy easy access and exceptional visibility, along with the opportunity to expand the square footage to maximize future value and revenue. This property is poised for continued growth and significant upside. Don’t miss out on this rare opportunity! INDUSTRIAL-ZONED property located in the centrally-located Park Avenue area between Edgewater and New Smyrna Beach. This 4,000 sq. ft. metal building has been separated into 5 spaces: 3 at 800 sq. ft., 1 at 1,000 sq. ft., and 1 at 600 sq. ft. There are five overhead doors, one for each bay. The property is over 1/2 acre, and includes 8 fenced areas that rent for $100/month each. 6 are currently rented, and 1 is being used by the property landscaper. CAP Rate is 7.81%
Features of 708 W Park Avenue
| MLS® # | NS1082868 |
|---|---|
| Price | $639,000 |
| Square Footage | 4,000 |
| Acres | 0.64 |
| Year Built | 1979 |
| Type | Commercial Sale |
| Sub-Type | Industrial |
| Status | Active |
Community Information
| Address | 708 W Park Avenue |
|---|---|
| Area | Edgewater |
| Subdivision | ASSESSORS ALVAREZ GRANT |
| City | EDGEWATER |
| County | Volusia |
| State | FL |
| Zip Code | 32132 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | A/C - Office Only |
|---|---|
| Fireplace | No |
Exterior
| Lot Description | Industrial Park, Landscaped, Sidewalk |
|---|---|
| Roof | Metal |
| Foundation | Slab |
Additional Information
| Date Listed | October 28th, 2024 |
|---|---|
| Days on Market | 340 |
| Zoning | 07I1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | COLLADO REAL ESTATE |
|---|