113 Pontotoc St, Auburndale, FL 33823
3,600 SF | Office Building | Auburndale, FL 33823 | $650,000 ($181/SF) | 7% Cap Rate
For Sale
Active
14 pictures
Asking Price $650,000
- Property Type
-
Office
- Square Feet
- 3,600 SF
- Price / Square Foot
- $181
Listing Contacts
Craig Morby
Eric Ammon
Property Overview
Exceptional commercial property in growing downtown Auburndale, FL. Perfect owner/user or investor opportunity. There is a long term tenant in the building currently, paying $12.60 PSF, triple net. Landlord and tenant each have a 90 day out.
The office is tastefully finished and comprises a central lobby/hallway, rear file storage space, and four potential office suites with slightly different layouts for each. Each suite contains an open area, which can double as a reception area, and each have 2-4 private offices.
From an owner user standpoint, the property can be used by an entire company or altered to combine all or part of the spaces.
Current rent - $12.60 PSF, triple net. Market rate - $16.00 PSF. Possibility of increasing rent from $45,000 - $57,600.
The office is tastefully finished and comprises a central lobby/hallway, rear file storage space, and four potential office suites with slightly different layouts for each. Each suite contains an open area, which can double as a reception area, and each have 2-4 private offices.
From an owner user standpoint, the property can be used by an entire company or altered to combine all or part of the spaces.
Current rent - $12.60 PSF, triple net. Market rate - $16.00 PSF. Possibility of increasing rent from $45,000 - $57,600.
Property Details
- Year Built/Renovated
- 1957/1995
- Stories
- 1
- Lot Size (sq. ft)
- 6,534 SF
Highlights
- 3,600 ± SF block construction building - office/retail downtown Auburndale. 7% CAP rate with solid upside, NNN lease, with 90 day out.
- Zoned CBD, Central Business District, City of Auburndale. Most retail and office uses are allowed within this zoning classification.
- The building is currently split into four potential suites, with a central hallway and storage. Current floor plan could easily be combined/altered.
- Two common bathrooms in the second part of the main hallway. City sewer and water
- Roof replaced Feb 2017 - 20 year guarantee. 4 air conditioning units, estimated ages ranging from 2010-2016.
- Survey, lease, roof warranty available. More photos are also available upon request.
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