2030 Hibiscus Drive Edgewater, FL $ 1,385,000
2030 Hibiscus Drive
$ 1,385,000
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2030 Hibiscus Drive

Edgewater, FL, 32141
$ 1,385,000
Baths2.0 Sq 10,020

Monthly Estimate*

$ 9,205

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Studio

Commercial Property for sale in Edgewater, FL

for $1,385,000 with 2 full baths. This 10,020 square foot building was built in 1979 on a lot size of 0.68.

This property is for THE COMBINED SALE offering of 2030 Hibiscus AND 2220 Hibiscus Drive (MLS #NS1081965) Edgewater, Florida at a TOTAL SALES PRICE OF $2.360M. There are a total of 64 rental units on these TWO well maintained properties located within 1/4 mile of each other in the Commercial District of Edgewater. FL. COMBINED SQ FT @16,103. This 40-unit storage facility located in the Commercial business district is a lucrative investment opportunity. The original concrete block 7000 sq. ft. main building FLEXSPACE is currently being used as FOURTEEN individual storage units of various sizes and can easily be converted back to one, two or three larger capacity units/facilities. There is a large upfront unit of 2185 s ft w/ bathroom, TWELVE units of 25 x 14 and a spacious end unit of 50 x 14. The additional metal building houses 26 additional units and was newly added after completion of the main building. There are FOUR 10 x 8 storage units and TWENTY-TWO 10 x 10 storage units Completely updated and in perfect working order, these facilities are ready to generate solid income for any investor. The property is a large parcel w survey available measures 160 ft x 187 ft. Ideal for a 1031 exchange buyer looking to reinvest in a like-kind property here in Florida and defer capital gains taxes, this storage facility promises a reliable source of income. With multiple units of varying sizes available, there is ample potential to maximize returns and cater to a diverse range of storage needs for tenants. Some units are climate controlled, while others are not. Owner pays electric & Water costs Overall, this property presents a secure and profitable investment option for those seeking a stable income stream in the commercial real estate sector. Don't miss out on this chance to acquire a turnkey investment property with significant income potential. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable source of passive income, this renovated storage facility is a smart and lucrative choice. Contact me today for more information and take the first step towards securing this prime real estate opportunity.

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Commercial Active

Price

$ 1,385,000

Bedrooms

Studio

Full Bath

2

Property Type

Commercial

Taxes

$ 7,877

Style

Warehouse

Lot Size

0.68

Year Built

1979

Town/City

Edgewater

County/Region

Volusia

MLS | Web ID

1200120

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air Electric
Possession Close Of Escrow
Roof Metal
Security Features Closed Circuit Camera(s)
Construction Materials Block Metal Siding Other
Year Built 1979
Electric 200+ Amp Service
Tenant Pays None
Property SubType Warehouse
Tax Year 2023
Current Use Mini-Storage
Gross Income 112356.0
Business Type Storage
Building Name Edgewater Plaza and Storage
Accessibility Accessible Doors Accessible Entrance Accessible Hallway(s) Visitable Visitor Bathroom
County Volusia
Net Operating Income 91636.0
Operating Expense 6600.0
Insurance Expense 4300.0
Property Type Commercial Sale
HOA / Comm Assn N
Attached Garage N
Subdivision Name Florida Shores
Building Features Fenced Interior Corridors Overhead Doors Public Restroom Storage
Status Active
Directions US 1 South to SR 442 (Indian River Blvd) go W to Hibiscus turn left head S to 2030 on the right.
City Edgewater
View Y/N N
Senior Community Y/N N
Zoning Description Industrial
NumberOfUnitsTotal 40
MLS Area 80 - Edgewater
Lot Size Units Acres
Lot Size Square Feet 29599.02
Waterfront Y/N N
Land Lease Y/N N
Tax Annual Amount 7877.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 80 - Edgewater
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 42
Lease Type Gross
Standard Status Active
Taxes 7877.0
Legal Description LOTS 3142 TO 3145 INC BLK 152 FLORIDA SHORES NO 2 REVISED PLAT MB 23 PG 103 PER OR 2747 PG 0596 PER OR 7030 PG 0225 PER OR 8230 PG 4790
New Construction None
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Interior
Flooring Concrete
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Electric On Property Y/N N
Total Baths 2
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Exterior
Fencing Back Yard Vinyl
Parking Features Additional Parking Parking Lot Shared Driveway Unassigned
Lot Features Cleared
Inclusions {u'Building & Land': True}
Lot Size Area 0.68
Spa N
Building Area Total 10020.0
Lot Size Acres 0.68
Road Frontage Type City Street
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2030
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* Excluded Features
List By
Bryan Disbrow

Listing Agent

Collado Real Estate

Broker

Affordability Calculator

$9,862
Per Month
93%
7%
0%
Monthly Principal & Interest
$9,205
Monthly Property Taxes
$656
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1330097 Elementary School
1330098 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/18/2024$1,385,000 -7.05% Price Down
6/28/2024$1,490,000 -16.76% Price Down
6/12/2024$1,790,000 Listed Price

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2030 Hibiscus Drive, Edgewater, FL, 32141 is a Commercial Property for sale at $1,385,000 with 10,020 sqft and a lot size of 0.68. 2030 Hibiscus Drive is a studio with 2.0 baths and was built in 1979. The property's zip code is 32141 which is in Edgewater, FL