110-112 Irvin Ave SW - Medical FOR SALE


Live Oak, FL 32064
$825,000 USD
386-603-9294
110-112 Irvin Ave SW, Live Oak, FL for Sale
$825,000 USD
Medical - FOR SALE
1/32
null | 6.46% Cap Rate

110-112 Irvin Ave SW
Live Oak, FL 32064


HIGHLIGHTS

  • 100% leased — government-anchored tenant (State of Florida / FDACS) with zero vacancy risk
  • Mixed lease structure: Full Service + Triple Net (NNN) with 6 months prepaid rent on Suite 112
  • 3. 2024 interior renovation — ADA compliant, low deferred maintenance, inside Live Oak CRA district

OVERVIEW

Prime investment opportunity in Live Oak, FL — the county seat of Suwannee County. Fully leased 4,291 SF multi-tenant commercial building with two in-place leases and zero lease-up risk. Suite 110 is leased to the Florida Department of Agriculture & Consumer Services (FDACS), a State of Florida government agency, on a Full Service lease. Suite 112 is leased to Specialized Health Care Services LLC on a 5-year Triple Net (NNN) lease with 6 months prepaid rent — tenant covers taxes, insurance, and maintenance on their suite. Renovated in 2024. ADA compliant with on-site parking. Located inside the City of Live Oak CRA district — eligible for façade grants and redevelopment incentives. $53,287 annual NOI | 6.46% cap rate | $825,000 asking price

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$163 USD /SF

CAP RATE

6.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

Commercial

APN/PARCEL ID

23-02S-13E-06595-280070

ASK ABOUT THIS PROPERTY

Len MagpantayProactive Properties LLCMore Info
386-603-9294

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Len MagpantayProactive Properties LLCMore Info
386-603-9294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.