1516 State Avenue, Holly Hill, FL 32117
$6,500,000
Property Type:
Commercial Sale
Status:
Closed
Current Price:
$6,500,000
List Date:
7/28/2023
Last Modified:
9/28/2024
Description
Great Warehouses Investment.
73,000 Sq. ft. in 7 Warehouse Buildings in Holly Hill Florida an Outstanding Commercial and Industrial Location.
Asking Price is Less than $ 96/SF well below cost of replacement.
Current Rents are below market value.
Great Remaining Potential for Rent Increase.
We are pleased to offer this Investment opportunity in the greater Daytona Beach Florida Area that has experienced exponential growth and an Increase demand for Service warehousing.
More Information MLS# 1112067
General Property Information
Number Of Units Total: 30
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From LPGA Go North on US 1 turn left on 15th Street Turn Right at Stop Sign on State Avenue properties on your Left.
Public Remarks: Great Warehouses Investment.
73,000 Sq. ft. in 7 Warehouse Buildings in Holly Hill Florida an Outstanding Commercial and Industrial Location.
Asking Price is Less than $ 96/SF well below cost of replacement.
Current Rents are below market value.
Great Remaining Potential for Rent Increase.
We are pleased to offer this Investment opportunity in the greater Daytona Beach Florida Area that has experienced exponential growth and an Increase demand for Service warehousing.
Year Built: 1982
Location, Tax, and Legal
Country: US
Parcel Number: 424220360070
Tax Legal Description: See Parcel Numbers:
4242-20-36-0070
4242-20-36-0180
4242-20-36-0130
Zoning Description: Industrial
Currently Not Used
Year Built: 1982
Status Change Information
Contingent Date: 2023-09-11
Major Change Timestamp: 2024-01-09T13:47:07Z
Major Change Type: Status Change
Purchase Contract Date: 2023-07-28
Close Date: 2023-12-29
Close Price: 6500000
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Current Use
Industrial: 1
Heating
Central: 1
Electric: 1
Road Frontage Type
City Street: 1
Roof
Metal: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Building Features
Ceiling Eve Height: 15 - 20 Feet High
Vac Warehouse SqFt: 73050
Business Type
Industrial: 1
Warehouse: 1
Location
Industrial Park: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Road Type: Paved; Construction: Metal; # Parking: 120; Parking: Paved; SqFt - Total: 73050.00; Confidential Listing: N; % Occupancy: 90.00; Commercial Property Name: Riviera Industrial P; Financial Package: No; Franchise Opt In: Yes
Contract Information
Current Price: $6,500,000
Sold Price: $6,500,000
Status: Closed
Listing Contract Date: 2023-07-27
Property Sub Type: Business
Location Tax and Legal
Street Number: 1516
Street Name: State
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32117
MLS Area Major: 41 - LPGA to Granada, E of Nova
Property Features
Business Type: Industrial; Warehouse
Construction Materials: Block; Concrete
Cooling: Central Air
Current Use: Industrial
Heating: Central; Electric
Location: Industrial Park
Road Frontage Type: City Street
Roof: Metal
Sale Includes: Building & Land
Sewer: Public Sewer
Water Source: Public
Listing Office:
Hart Pro Realty
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.