3395 2nd Ave N - Specialty FOR SALE


Palm Springs, FL 33461
$1,050,000 USD
954-547-7668
3395 2nd Ave N, Palm Springs, FL for Sale
$1,050,000 USD
Specialty - FOR SALE
1/23
null | Request Cap Rate

3395 2nd Ave N
Palm Springs, FL 33461


HIGHLIGHTS

  • Highest & Best Use: Multi- Family Residential: Church
  • Over 3 acres to use

OVERVIEW

This is a wonderful opportunity to develop a housing project. Zoning is RM Multi-Family Residential (Medium Density). Currently use code is 71 Church /Temple. The subject is an irregularly shaped lot of 3.4218 acres located on the north side of 2nd Avenue N, between Davis Road and Miller Road. The subject fronts 130 feet on 2nd Avenue N. This site features 0.5179 acres of building site and 2.9039 acres of a gravel pit currently filled with water. The subject building was built in 1960 and contains 2,258 square feet. There are four apartments, with one 2-bedroom/2-bathroom unit and three efficiency units. Recent improvements include a new roof ($30,000) and repairs of approximately 37,0000 of remove popcorn ceiling, interior paint, new flooring, wall unit air conditioning units, shutters, gutters, sprinklers. The land value is based upon the extraordinary assumption that the subject gravel pit has availability to be filled and all of the property of 3.4218 acres to be dirt and developable. Based on all the information available, after the gravel pit is filled in, the value of vacant land is significantly more than with the current improvements. So the as completed value is based on razing all improvements and marketing the entire property as vacant land. Based on availability for gravel pit to be filled and all of the property of 3.4218 acres to be dirt and developable, this would be the Highest & Best Use: Multi- Family based on resent appraisal study. Call Michael Garcia at 954-547-7668 for more information, and veiwing. DO NOT go on property with listing agent.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$465 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3395 2nd Ave N, Palm Springs, FL 33461-3619

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential Multi-Family,

APN/PARCEL ID

70-43-44-19-20-057-0080

ASK ABOUT THIS PROPERTY

Michael GarciaTrue Quality Services RealtyMore Info
954-547-7668

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Michael GarciaTrue Quality Services RealtyMore Info
954-547-7668

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.