4640 Old Winter Garden Road

Description

Over 11% CAP RATE!!! Price is firm. Income Generating property! $80,796 in gross income per year. Store Frontage and Unit A-- leased at $3000/mo base rent (tenant also pays $288 per month CAM), Unit B--Leased at $1000/mo total rent, Unit C-- leased at $1285/mo base rent (tenant also pays $115 per month in CAM), Unit D-- leased at $930/mo (tenant also pays additional $115 per month CAM). Total gross monthly income is $6733. Ideal opportunity to run your shop out of the frontage on Old Winter Garden Rd. and make income from the tenants in the back. **Amazing opportunity to purchase this building which has been used for 30+ years as a diesel repair shop. Zoned C-3, this location would be perfect for Auto Dealer, Auto Service, Body Shop, Commercial, Professional Service, or retail/wholesale/warehouse use. This building features multiple bays with many (9) roll up doors. This division of the units gives you the convenience of using the entire building, or using just part, and gaining passive income from rental of the back units which have a variety of uses. The store frontage is 1550 sq ft warehouse/service area with built in sales counter and desk area, bathroom, and utility room (washroom) with sink. This unit has PVC AIR LINES installed, perfect for automotive and parts repair. Unit A: Approximately 700 sq ft with one pedestrian door and one 10 ft high roll up bay door. Unit B: Approx 700 sq ft with one pedestrian door and two 10ft high roll up bay doors, and one bathroom. Unit C: Approx 940 sq ft with one pedestrian door and two 10 ft high roll up bay doors, and bathroom. This unit has a built in VEHICLE LIFT and 10hp COMPRESSOR with built in AIR LINES. Unit D: Approx 900 sq ft, two pedestrian doors and two 10 ft high roll up bay doors, and bathroom. This space also has additional useable sq footage (storage area) built up above the bathroom providing approx. 200sq ft more in space which is not reflected in the overall 4800 sq ft size