555 Blanding Blvd, Orange Park, FL

Office for Sale - $949,900 - 6,560 Sq. Ft. on 0.74 acres


Agent Info

Thomas Hammond

Property Info

CIMLS#1067705
Location
  555 Blanding Blvd
  Orange Park FL 32073
UpdatedJuly 31st, 2020
TypeOffice
Price$949,900
Building6,560 Sq. Ft.
Land0.74 acres

Attached Documents


Contact


Property Description

OWNER FINANCE - RARE OPPORTUNITY - HIGHLY VISIBLE OFFICE BUILDING! Perfect for rental income or for single occupant. Property has 8 suites & could easily be used as single office building for Insurance, Real Estate, Builder, Law Offices, etc. 1st floor is occupied by anchor tenant with long rental history (AAA Insurance). 2nd floor has attorney, specialty office & real estate tenant. Current rentals are well below market & are in process of being regotiatied to market with 3% annual increases. Office is in great shape with high visibility on high volume traffic Blanding Blvd. Ample parking, elevator, single-ply roof. . GREAT OPPORTUNITY.

The value in this deal is the under priced leases. Owner finance with good offer, approved buyer, 20% down, 5.5% interest, 5 yr Balloon. It would cost over $1.5M to build this office building new at this location. This is a Quiet Listing. Please do not go on property without appointment. Please call Tommy Hammond for showings at (904)806-1218. CO-Listing Agent must accompany all showings. Seller does not want to bother tenants.


Financials

See documents



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