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145 E MICHIGAN AVENUE

Commercial For Sale
$650,000

BTC: 6.07193524

ETH: 158.53890545

4 days
0 room(s)
1,050 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

**Prime Investment Opportunity: Auto Mechanic Shop with Residential Rental Income** Unlock the potential of this versatile commercial property, perfect for savvy investors seeking a well-rounded portfolio addition. Located in a high-visibility area, this property offers a unique combination of income streams and flexibility for future growth. **Key Features:** - **Six-Bay Auto Mechanic Shop:** This spacious and fully equipped auto shop is ready for immediate use. The facility includes: - **Six car lifts** for handling a variety of vehicles - **Air compressor** for pneumatic tools - **Tire changer** to meet all tire service needs - **Waste coolant tank** for environmental compliance - Dedicated **storage space** for tools, parts, and supplies Whether you lease it to a business or operate it yourself, this setup offers significant income potential in a service-oriented industry. Note: the sale does not include the existing business currently operating in the space. - **Single-Family Residential Unit:** A fully renovated, modern, and turn-key 3-bedroom, 2-bath home on the premises is currently leased, providing stable rental income. Thoughtfully updated with contemporary finishes and high-quality materials, the residential unit is a desirable living space, ensuring consistent tenant demand and premium rental rates. **Leasing Information:** Both the auto mechanic shop and the residential unit are currently leased on a **month-to-month basis**, offering flexibility for potential buyers to renegotiate terms or transition to new tenants as desired. **Highlights:** - High-traffic location with excellent visibility and accessibility - Ample parking space for customers and tenants - Well-maintained building and facilities - Separate utility meters for ease of management - Strong potential for steady cash flow from both commercial and residential units Whether you’re an experienced investor or looking to diversify your portfolio, this property offers a rare combination of commercial utility and residential rental income. With a modern, turn-key residential unit, top-tier auto shop equipment, and flexible leasing terms, this is an opportunity you don’t want to miss. This listing is being sold together with FC 305779, APN: 17-30-33-04-00-0740, for a total purchase price of $650,000.00.

Location

Facts and features

Type:
Commercial Sale
Parking:
6 to 12 Spaces
Year Built:
1952
Lot:
0.43 Acres
Heating:
No Data
Price/sqft:
$619
Cooling:
A/C - Office Only
HOA:
No Data
All facts and features
  • Flooring

    • Concrete

    • Luxury Vinyl

    Cooling

    • A/C - Office Only

  • Parking

    • 6 to 12 Spaces

    Property

    • Levels: One

    Lot

    • Lot: 0.43 Acres

    Other Property Information

    • Parcel Number: 703304000770

    • Zoning: 01B4

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Industrial

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $3,879

  • Source details

    • MLS ID: FC305774

    Other facts

    • Construction Materials: Metal Frame / Metal Siding

    • Foundation Details: Slab

    • Other Structures: Garage(s) / Other / Workshop

    • Living Area: 1050

    • Water Source: Public

    • Subdivision Name: VOLUSIA GARDENS

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BETTER HMS & GARDENS RE SYNERG