**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.
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.
Property Details
Price:
$650,000
MLS #:
FC305774
Status:
Active
Beds:
0
Baths:
0
Address:
145 E MICHIGAN AVENUE
Type:
Commercial
Subtype:
Industrial
Subdivision:
VOLUSIA GARDENS
Neighborhood:
32763 – Orange City
City:
ORANGE CITY
Listed Date:
Dec 12, 2024
State:
FL
Finished Sq Ft:
2,312
Total Sq Ft:
2,312
ZIP:
32763
Lot Size:
18,750 sqft / 0.43 acres (approx)
Year Built:
1952
Schools
Interior
Cooling
A/ C – Office Only
Flooring
Concrete, Luxury Vinyl
Exterior
Construction Materials
Metal Frame, Metal Siding
Other Structures
Garage(s), Other, Workshop
Parking Features
6 to 12 Spaces
Financial
Tax Year
2023
Taxes
$3,879
Map
Community
- Address145 E MICHIGAN AVENUE ORANGE CITY FL
- SubdivisionVOLUSIA GARDENS
- CityORANGE CITY
- CountyVolusia
- Zip Code32763
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145 E MICHIGAN AVENUE
ORANGE CITY, FL
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