Homes for sale - 3012 NE 37TH PL, Wildwood, FL 34785

$1,575,000

$1,599,000 1.5%

Est. payment - /mo

9,848 SqFt

UPDATED:

Key Details

Sold Price $1,575,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 9,848 sqft

Price per Sqft $159

MLS Listing ID G5081148

Sold Date 11/18/24

Construction Status Financing,Inspections

HOA Y/N No

Originating Board Stellar MLS

Year Built 2010

Annual Tax Amount $5,937

Lot Size 0.830 Acres

Acres 0.83

Lot Dimensions irrg

Property Description

$$ Income Opportunity -7.5% CAP Rate - National Credit Tenant - 9,848+/- SF Industrial Bldg and property with 4 years left on the initial term of a 5-year NNN lease with an additional 4, five-year options. Annual base rent is $120,000. Parking lot was recently resealed and restriped. Building was built in 2010 with multiple grade level roll-ups doors, finished offices, security fencing and gates. Site is .83+/- acre or 36,155+/- SF corner lot located in the attractive "South Wildwood Industrial Park" in the Wildwood & The Villages area, which is just 5 minutes from Florida's Turnpike, I-75 and less than an hour to Orlando, Tampa or Ocala. Building and property are immaculate and well maintained inside and out. Tenant use is automotive garage / warehouse.
"Positioned at the apex of Central Florida’s economic triangle, Sumter County represents distribution hub advantages unique in Florida. Major transportation arteries include Interstate 75, Florida’s Turnpike, US Highway 301, and State Roads 44, 48 and 470. In addition, CSX rail bisects the county from north to south. This natural confluence of transportation arteries and our close affinity with two international airports and four major seaports make Sumter County a truly ideal location for distribution operations considering regional or national product distribution. And as a bonus, our inland location is less susceptible to hurricane damage while also being significantly less expensive than a location directly on the Gulf or Atlantic coasts." - Sumter County Economic Development Council . All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT - Do not disturb tenants or enter property without listing agent.

Location

State FL

County Sumter

Zoning M-1

Interior

Cooling Office Only, Central Air

Exterior

Waterfront false

Roof Type Metal

Building

Lot Description Corner Lot

Foundation Slab

Lot Size Range 1/2 to less than 1

Structure Type Metal Frame,Metal Siding

New Construction false

Construction Status Financing,Inspections

Others

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Listed by GRIZZARD COMMERCIAL REALESTATE
Bought with STELLAR NON-MEMBER OFFICE