Coldwell Banker Ben Bates Realty
Coldwell Banker Ben Bates Inc., Coldwell Banker Ben Bates Realty
Email: [email protected]
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listing
1 of 48
CommercialFor Sale
$1,641,700
205 Zeagler Dr
Palatka, FL 32177
Courtesy of Coldwell Banker Vanguard Realty
MLS: Tax System Access
Est. Mortgage
$8,574/mo

2 Units Added, BACK ON MARKET! Great Investment and/or 1031 Exchange property with 6 total units totaling over 11,200 sf of leasable space. 5 of the units have established business leases in place, tenants been there for years- RECENTLY RENEWED - medical related and other business uses. One other was recently vacated and is aformer Medical Lab. Seller has chosen not to lease and let a new buyer either use it for a home office or lease it themselves. 6.3% CAP rate at List Price even with the one vacancy. When fully leased, the CAP rate will increase to over 7%. Hidden Value in this deal is the excess land that can be purchased separately and developed into at least 8 more units. See separate listing. This is a great investment property.

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Information courtesy of COLDWELL BANKER VANGUARD REALTY is subject to verification and is not guaranteed. This data is up-to-date as of 08/10/2022 09:04 AM. For the most current information, contact COLDWELL BANKER VANGUARD REALTY at (904) 285-5000. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than COLDWELL BANKER VANGUARD REALTY are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2022 Northeast Multiple Listing Service, Inc. All rights reserved.
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