New Construction
Address
610 E Burleigh BOULEVARD, TAVARES, FL
Price
$ 2,579,333
Property Attributes
- MLS#O6198044
- TypeCommercial
- CountyLAKE
- CityTAVARES
- AreaTavares - Deer Island
- NeighborhoodTavares Tavares Commons
- Zip32778
- StyleRetail
- Year Built2023
- Taxes$ 11962
- Price$ 2,579,333
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1730
- Lot Size1.24 Acres
Data Source:
Stellar MLS
Property Description
Passive investment opportunity with huge tax benefits. Purchaser has the ability to write off 60% in year 1 with accelerated depreciation . The property is occupied by Strickland Brothers who is rapidly expanding with the goal to reach 200 by 2024. Strategic investment by Princeton equity during 2021 is propelling expansion efforts. Approx 15 years remain on the lease with 10% escalations every 5 years. The tenant has 3 (5yr) options they can exercise after the initial term. Current annual in place NOI $154,760 , passive income collected every month providing the purchaser with a 6% yield (CAP). No landlord responsibilities. Absolute NNN deal . Flyer = https://elkpenn.com/properties/Burleigh/Burleigh%20Blvd.pdf
| Price History | |
|---|---|
| 4/20/2024 | Listed $2,579,333 |
General Features
| Cooling | A/C - Office Only |
|---|---|
| Zoning | C-2 |
| Construction Materials | Block |
| Year Built | 2023 |
| Levels | One |
| Property SubType | Retail |
| Tax Year | 2023 |
| Percent Ownership | Other |
| County | Lake |
| New Construction | Yes |
| Property Type | Commercial Sale |
| Subdivision Name | TAVARES TAVARES COMMONS |
| Status | Active |
| Directions | In between leesburg and Mt.Dora. |
| City | TAVARES |
| Buyer Agent Compensation | 2% |
| MLS Area | 32778 - Tavares / Deer Island |
| Lot Size Square Feet | 54189 |
| Waterfront Y/N | No |
| Street Name | Burleigh |
| Listing Terms | Other |
| Tax Annual Amount | 11962.9 |
| Property Condition | Completed |
| Public Remarks | Passive investment opportunity with huge tax benefits. Purchaser has the ability to write off 60% in year 1 with accelerated depreciation . The property is occupied by Strickland Brothers who is ra |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/O6198044 |
| Days on Market | 3 |
| Standard Status | Active |
| Tax Lot | PG 1727 |
| Virtual Tour | https://www.elkpenn.com/properties/Burleigh/Burleigh%20Blvd.pdf |
| Legal Description | TAVARES COMMONS PB 62 PG 92-93 PARCEL 1 ORB 6014 PG 1727 |
Interior Features
| Air Conditioning Y/N | Yes |
|---|---|
| Street Suffix | BOULEVARD |
| Living Area Units | Square Feet |
Exterior Features
| Lot Size Area | 1.244 |
|---|---|
| Foundation Details | Concrete Perimeter |
| Number of Buildings | 1 |
| Building Area Total | 1730 |
| Lot Size Acres | 1.24 |
| Road Surface Type | Asphalt |
| Lot Size Units | Acres |
| Road Frontage Type | Access Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 32778
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 6, 2024 4:37 PM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
