708 Park Ave Edgewater, FL 32132-1461

This exceptional investment opportunity presents a 4,000 square foot industrial building situated on a 0.64-acre lot at 708 W Park Avenue in Edgewater, Florida. The property boasts a highly desirable location on a main avenue between Edgewater and New Smyrna Beach, offering excellent visibility and accessibility. The metal building is currently divided into five rentable spaces: three 800 square foot units, one 1,000 square foot unit, and one 600 square foot unit. Each space features its own overhead door for convenient access. The property also includes eight fenced areas, each currently renting for $100 per month. Six of these areas are currently occupied, with one utilized by the property's landscaper. This translates to a strong current rental income stream. The property's industrial zoning allows for potential expansion, maximizing future value and revenue generation. With a 7.45% capitalization rate, this property represents a compelling investment opportunity with significant upside potential in a high-growth area. Don't miss this chance to acquire a well-positioned, income-producing asset. The asking price is $639,000.