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205 VL ZEAGLER, PALATKA, Florida 32177 MLS 1181087For sale

205 VL ZEAGLER, PALATKA, Florida 32177

$425,000
0 Bedrooms
0 Bathrooms
0 Sqft
Property Description

Appx 1.83 acres of vacant land with infrastructure & shared parking that has a site plan for adding up to 8 medical office units within a complex that has 10 total units now. 6 of those 10 units totaling over 11,200 sf of leasable space can be bought separately or together. See MLS 1128163 . 5 of the units have established medical or lab related uses with business leases in place, tenants been there for years- RECENTLY RENEWED, the Units have 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 is in this listing & excess land that can be purchased separately & developed into at least 8 more units. Great investment now. Buy – hold – or add value to the other units as a package

Basic Details
Land
Vacant Land
For sale
1181087
$425,000
0
0
0
0 Sqft
0
79,714.80 Sqft
Address Map
Country : US
State : FL
County : PUTNAM
City : PALATKA
Area : PALATKA
Zipcode : 32177
ZEAGLER
205 VL
DR
W82° 18' 29.6''
N29° 38' 46.5''
MLS Information
07-27-2022 21:09:58
Active
07-14-2022
1
Other
1.1 to 2.5 Acres
Commercial,Professional/Office
N
PALATKA
PALATKA
56-PUTNAM COUNTY-NE
61368
HENRY HAMMOND, JR
904-806-1218
COLDWELL BANKER VANGUARD REALTY
4 %
4 %
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Agent info
Mike Schwiebert, REALTOR ®
INI Realty
3603 Cardinal Point Drive. Jacksonville, FL 32257
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