**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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Courtesy of BETTER HMS & GARDENS RE SYNERG. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
145 E MICHIGAN AVENUE
ORANGE CITY, FL
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