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Key Details
Sold Price $390,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $162
Subdivision Islesboro
MLS Listing ID NS1063246
Sold Date 07/30/21
HOA Y/N No
Originating Board New Smyrna Beach Board of Realtors
Year Built 1976
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 90' W x 183' D
Property Description
THIS SUBJECT REAL PROPERTY REPRESENTS A CRE INVESTMENT ASSET OCCUPIED BY A NATIONAL TENANT (CORPORATE OWNED-CIRCLE K/C-STORE) WITH A "MOBIL GASOLINE" FLAG BRAND IN PLACE. THE FAMILY HAS MAINTAINED THIS INVESTMENT PROPERTY SINCE THE ORIGINAL INCEPTION OF THE EXISTING LEASE STILL IN PLACE THAT WAS EXECUTED BACK IN MAY OF 1976. THE PRESENT LEASE, WHICH IS UNDER ITS FOURTH AMENDMENT, REMAINS IN FULL EFFECT AND FORCE UNTIL AUGUST OF 2022, WITH THE LESSEE ALSO MAINTAINING ITS RIGHTS TO FIVE (5) YEAR RENEWAL OPTIONS IN PLACE UNDER THE PRESENT LEASE AGREEMENT. THE PROPERTY UNDERWENT A COMPLETE UNDERGROUND REMEDIATION PROGRAM, WHICH REPLACED THE UNDERGROUND STORAGE TANKS (EACH @ 8,000 & 10,000 GALLONS), ALONG WITH ALL OF THE PRESSURIZED PIPELINES AND UNDERGROUND FIXTURES IN APRIL OF 2008, WITH A RESULTING "IN COMPLIANCE REPORT" ISSUED BY THE FDEP. ANY INTERESTED PARTIES, INCLUDING THEIR AGENTS AND/OR ADVISORS, SHALL EACH BE REQUIRED TO EXECUTE AN "NDA/CONFIDENTIALITY AGREEMENT" PRIOR TO THE DISCLOSURE OF ANY SUBJECT LEASE MATERIALS ON FILE WITH THE LISTING AGENT. PLEASE DO NOT INQUIRE WITHIN THE SUBJECT, OR DISTURB THE EXISTING TENANT NOR ANY OF ITS EMPLOYEES, CONCERNING THE SALE OF THE REAL PROPERTY. ;Water: City
Location
State FL
County Volusia
Community Islesboro
Zoning B-3
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Exterior Feature Irrigation System
Parking Features Guest, On Street
Community Features Curbs, Sidewalks
Roof Type Other,Rolled/Hot Mop
Building
Lot Description Fuel Pump, City Limits, Infrastructure In, Other
Story 1
Entry Level One
Sewer Public Sewer
Water See Remarks
Structure Type Brick,Concrete
Others
Special Listing Condition None
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