145 E MICHIGAN AVENUE, Orange City, FL 32763

  • $650,000
145 E MICHIGAN AVENUE, Orange City, FL 32763
Active Completed
145 E MICHIGAN AVENUE, Orange City, FL 32763
145 E MICHIGAN AVENUE, Orange City, FL 32763
  • $650,000

Overview

Property ID: HZFC305774
  • Industrial, Commercial Sale
  • Property Type
  • 2312
  • Square Feet
  • 1952
  • Year Built

Description

**Prime Investment Opportunity: Auto Mechanic Shop with Residential Rental Income**

Unlock the potential of this versatile commercial property, perfect for savvy investors seeking a well-rounded portfolio addition. Located in a high-visibility area, this property offers a unique combination of income streams and flexibility for future growth.

**Key Features:**

– **Six-Bay Auto Mechanic Shop:**
This spacious and fully equipped auto shop is ready for immediate use. The facility includes:
– **Six car lifts** for handling a variety of vehicles
– **Air compressor** for pneumatic tools
– **Tire changer** to meet all tire service needs
– **Waste coolant tank** for environmental compliance
– Dedicated **storage space** for tools, parts, and supplies
Whether you lease it to a business or operate it yourself, this setup offers significant income potential in a service-oriented industry. Note: the sale does not include the existing business currently operating in the space.

– **Single-Family Residential Unit:**
A fully renovated, modern, and turn-key 3-bedroom, 2-bath home on the premises is currently leased, providing stable rental income. Thoughtfully updated with contemporary finishes and high-quality materials, the residential unit is a desirable living space, ensuring consistent tenant demand and premium rental rates.

**Leasing Information:**
Both the auto mechanic shop and the residential unit are currently leased on a **month-to-month basis**, offering flexibility for potential buyers to renegotiate terms or transition to new tenants as desired.

**Highlights:**
– High-traffic location with excellent visibility and accessibility
– Ample parking space for customers and tenants
– Well-maintained building and facilities
– Separate utility meters for ease of management
– Strong potential for steady cash flow from both commercial and residential units

Whether you’re an experienced investor or looking to diversify your portfolio, this property offers a rare combination of commercial utility and residential rental income. With a modern, turn-key residential unit, top-tier auto shop equipment, and flexible leasing terms, this is an opportunity you don’t want to miss.
This listing is being sold together with FC 305779, APN: 17-30-33-04-00-0740, for a total purchase price of $650,000.00.

  • Address 145 E MICHIGAN AVENUE
  • City Orange City
  • State/county FL
  • Zip/Postal Code 32763

Details

Updated on December 17, 2024 at 6:08 pm
  • Property ID: HZFC305774
  • Price: $650,000
  • Property Size: 2312 Square Feet
  • Land Area: 0.43 Acres
  • Garage Size: x x
  • Year Built: 1952
  • Property Type: Industrial, Commercial Sale
  • Property Status: Active

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

Schedule a Tour

Your information

360° Virtual Tour

What's Nearby?

Please supply your API key Click Here

Contact Information

View Listings
Bridge Point
  • Bridge Point

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Similar Listings

Compare listings

Compare
Bridge Point
  • Bridge Point