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This 5,476 Square Foot building with 7 overhead doors and a 50' X 150' vacant Lot. Property comes with the balance of a 5 year lease that the effective date of the lease is April 30, 2021. Tenant has one 5 year option to renew with a 7% increase. Lease is a modified triple net lease with tenant responsible for real estate taxes, insurance and maintenance. Present monthly rent is $4,500.00 per month. Total annual income is $54,000.00 per year. Tenant has a 30 day first right of refusal should the seller receive a acceptable contract. Any contract would be subject to the tenant not exercising their First Right of Refusal. Property has sustained some damage from hurricane Ian. Vacant lot is fenced. Corner building has frontage on three sides. Property has great signage. Tenant is operating a auto body shop. Lease started April 30, 2021.
| DAYS ON MARKET | 363 | LAST UPDATED | 5/10/2023 |
|---|---|---|---|
| TRACT | SAN CASA IND PARK | YEAR BUILT | 1973 |
| COMMUNITY | 34224 - Englewood | COUNTY | Charlotte |
| STATUS | Sold | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Jul 13, '22 | $775,000 |
|---|---|
| Jul 13, '22 - Nov 12, '22 | $749,000 |
| Nov 12, '22 - Today | $695,000 |
| ADDITIONAL DETAILS | |
| AREA | 34224 - Englewood |
|---|---|
| CONSTRUCTION | Block |
| LOT | 0.65 acre(s) |
| LOT DESCRIPTION | Central Business District, Corner Lot, Industrial Park, Paved |
| PRIMARY ON MAIN | Yes |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Industrial |
| SUBDIVISION | SAN CASA IND PARK |
| TAXES | 7268.82 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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Listing provided by Erick Shumway, RE/MAX ALLIANCE GROUP, 941-954-5454
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 4/19/24 11:12 PM PDT.
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