42 Summit st - Retail FOR SALE


Crescent City, FL 32112
$220,000 USD
904-569-6738
42 Summit st, Crescent City, FL for Sale
$220,000 USD
Retail - FOR SALE
1/1
null | Request Cap Rate

42 Summit st
Crescent City, FL 32112


HIGHLIGHTS

  • 3,832 SF Commercial/Office Building – Two buildings on 0.43 acres with flexible GC-1 zoning for retail, office, medical, restaurant, or automotive use
  • Crescent City Location – Positioned in Putnam County with frontage on N Summit St and within a federally designated Opportunity Zone.
  • Value-Add Potential – Projected NOI: $49,816/year with lease-up and improvements.
  • Recent Capital Improvements – Rental building roof fully replaced ~3.5 years ago
  • HVAC Updates – House AC replaced in 2007; rental building’s system ~30 years old but maintained and operational.
  • Additional Space – Retail building includes 320 SF utility room at the rear.

OVERVIEW

Address: 42 N Summit St Crescent City, FL 32112 County: Putnam County Zoning: GC-1 Parcel ID: 30-12-28-1750-0250-0041 Building size: 3,832 sqft Land size (sqft): 18,731 Land size (acre): 0.43 Layout: 2 buildings Sewer: Connected Water: Connected Electric: Connected Flood Zone: Yes Road Access: Yes Opportunity zone: True Potential Development: Retail Store/Plaza, Automotive, Office Building, General Commercial buildings, Restaurant/Cafe/ QSR, Laundromat, Medical Office building, Convenience Store, etc. Current Gross Rent: $500/month Current NOI: $360.42 Potential Gross Rent: $4,151.33/month Potential NOI: $49,816.00 Rentable Sqft: 3,832 Showing property visits by appointment only. Call\ Text to schedule Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes. We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner. All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.

FOR SALE DETAILS

PRICE

$220,000 USD

PRICE/SF

$57 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3,832 sqft Commercial/Office Building

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

GC-1

APN/PARCEL ID

30-12-28-1750-0250-0041

ASK ABOUT THIS PROPERTY

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904-569-6738

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Dror AttiasAcre ExpertMore Info
904-569-6738

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