106 Ctr St Pierson, FL 32180-2219
- Banks
- 3,287 SF
- 2.20 lot acres
Current Use by Public Records
- Pierson Municipal Airport / Airstrip
- Pierson Municipal Airport-2J8 / Department Of Transportation
- Surety Bank / Bank
Property Details for 106 Ctr St
- Year built
- 1980
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.20 lot acres
- Property size
- 3,287 SF
- Property type
- Banks
- APN
- 4834-05-00-0300
- APU
- 483405000300
Description
This exceptional investment opportunity presents a thriving, established fernery situated on a sprawling 174-acre parcel in Pierson, Florida. Priced at $5,500,000, this turnkey operation boasts a substantial net operating income (NOI) of $600,000, translating to an attractive 10.91% capitalization rate. The property includes purpose-built structures perfectly suited for fern cultivation, processing, and storage, ensuring efficient operations. A dedicated management team is already in place, providing for seamless daily operations, even with an absentee owner. The seller is committed to facilitating a smooth transition for the new owner, offering support as needed. While the exact address is not publicly listed, interested parties are encouraged to inquire for further details. This is a rare chance to acquire a profitable, established business with significant land holdings in a desirable location. The property is offered for sale by owner. The sale includes all existing buildings and equipment necessary for continued operation. This is an ideal opportunity for an investor seeking a high-yield, established business with significant growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pierson
- County
- Volusia
- State
- Florida
- Longitude
- -81.4634
- Latitude
- 29.2401
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
