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Commercial
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Commercial Property on US HWY 27 in Moore Haven Florida
8840 sqft Strip Mall 2.52 acres worth $1.1 million
| Start Price |
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| Current Price |
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| Time Left |
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| Bid Count |
0 |
| Buy It Now Price |
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| Reserve Price |
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| Start Time |
Tuesday, November 18, 2008 |
| End Time |
Thursday, December 18, 2008 |
| Location |
gainesville , FL |
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See more about 'Commercial Property on US HWY 27 in Moore Haven Florida'
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Description
Make Me an Offer on Moore Havens' Largest strip mall- all will be considered!!!!!! - Two units currently rented - Unit 2 consisting of 2000 sqft is currently leased at $2000 a month and Tower space behind strip mall is currently being rented by Comcast inc. for $1219 per month. Full appraisal and other documents available upon request. - Partial Owner financing available!- - ZONING The subject property is currently zoned C-2, Commercial which will allow a number of commercial type uses. - -LEGAL DESCRIPTION The W 238.5’ of the East 338.5’ of the South 100’ of Block 83 + the W 237.5’ of the East 337.5’ of Block 84 And Block 84, The W 87.5’, Excluding SR 25 R/W, Moore Haven And Block 83, The W 201’ of the East 3385’ of the North 186’ + The W 86.5’ of Block 83. All lying in Section 11, Township 42 South, Range 32 East, Glades County, Florida.- - FLOOD ZONE INFORMATION According to FEMA Flood Map 120097 0001A, dated February 4, 1981, the subject property is located in Flood Zone B, which would not require flood insurance. - - UTILITIES Utilities provided to the area are as follows: Electric is provided by Florida Power and Light. Telephone is provided by United Telephone. Water is provided by the City of Moore Haven and sewage disposal is provided by the City of Moore Haven. - - IMPROVEMENT DATA The subject property is currently improved with a 8,840 square foot concrete block building. The structure is a cbs structure with wood trusses and a tar & gravel roof with metal mansard. The exterior of the building is plain concrete block which is painted and it is constructed on a monolithic concrete slab. The parking lot is asphalt. The building has five (5) rental units which are each 20’ x 50’ in size (1,000 sq ft) and one (1) rental unit which is 48’ x 80’ in size (3,840 sq ft). There is a large covered porch along the entire front of the building. The building was constructed in 1976 which makes the actual age 32 years and it has an estimated effective age of 15 years. There is also a cable television company tower and dish and equipment room at the rear of the building. It is not owned by the property owners, but the space is leased from them by the cable company.- - SUMMARY OF SALIENT FACTS AND CONCLUSIONS LOCATION: The subject property is located on the north side of U.S. Hwy 27, just west of Eighth Street in Haven in Glades County, Florida. SITE SIZE: The subject parcel has approximately 109,936 sq ft or 2.52 acres of land, more or less. IMPROVEMENTS: The subject property is currently improved with an 8,840 square foot concrete block commercial building. The building has six (6) separate commercial rental units and a 1,440 sq ft covered entry porch along the front. There is an asphalt parking lot. - - ESTIMATED LAND VALUE: $ 275,000 VALUE ESTIMATION BY THE COST APPROACH: $1,050,000 VALUE ESTIMATION BY THE DIRECT SALES COMPARISON APPROACH: $1,105,000 VALUE ESTIMATION BY THE INCOME APPROACH: $ 928,000 TOTAL VALUE ESTIMATE: $1,100,000 DATE OF APPRAISAL: December 20, 2007
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