23,470 sq. ft. LM WAREHOUSE - FULLY LEASED 6.7CAP

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23,470 sq. ft. LM WAREHOUSE - FULLY LEASED 6.7CAP
LAKE COUNTY, FLORIDA
15 +/- Acres
$1,590,000
Parcel #/ID: 07-20-26-0002-000-00600
Legal Information
N 990 feet of Gov Lot 1 Lying E of SR 19, ORB 3900 PG 2380
Unit Size:
653,400 SF
This 23, 470 sq. ft. warehouse was built in 2006 for a custom pontoon boat manufacturer. Progressive Aerodyne, creator and manufacturer of the 2 seater "SeaRey" seaplane, established their home here eleven years ago. Lake Idamere is a designated sea plane lake located in America's Seaplane City - Tavares.
Built in 2006, this building includes 3 phase, 800 amp power and ample water for any business. The adjacent dry retention pond could be the site of an additional building.
PROPERTY HIGHLIGHTS:
  • 6.7CAP on present income
  • Waterfront warehouse zoned for light manufacturing (LM)
  • Located in America's Seaplane City - Tavares
  • On SR 19 approximately 12 miles N of the FL Turnpike
Estimated Income:
Annual NOI : $110,741
TOTAL ESTIMATED INCOME: $110,741

Estimated Acres:
4+/- acres high ground; 11 acres wetland

2020 Taxes:
$24,871
Zoning/Future Use:
Light Manufacturing/

Listing ID#:
2056768

AGENT

Joe Baya

Land Professional

CONTACT JOE

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LOCATION

3801 S Duncan Drive
Tavares, FL 32778


Coordinates: 28.766805994211, -81.750539901446

From Hwy. 441 and Hwy. 19 in Tavares, travel S on 19 past PUBLIX and past the intersection of Lane Park Cutoff, (about 2.5 miles) to the property on the east side of Hwy. 19. The warehouse fronts on Lake Idamere.
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ABOUT
At National Land Realty, we love the land God has entrusted to this great nation, and we are dedicated to enhancing the lives of others through our innovative land brokerage services.

INFORMATION
    Joe Baya, Land Professional
    jbaya@nationalland.com
   (904) 891-9639
© Joe Baya - National Land Realty. All Rights Reserved 2020