Golf Course - Lease to Own
Address
115 COMMERCE STREET Lake Mary, FL
Price
$ 2,100,000
Property Attributes
  • MLS#O5984144
  • TypeCommercial
  • CountySEMINOLE
  • CityLake Mary
  • AreaLake Mary - Heathrow
  • NeighborhoodLAKE MARY COMMERCE CENTER
  • Zip32746
  • StyleIndustrial
  • Year Built1987
  • Taxes$ 9240
  • Price$ 2,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage12000
  • Lot Size2.16 Acres
Listing Provided Courtesy Of:
EXP REALTY LLC
Data Source:
Stellar MLS
Property Description

CURRENTLY AVAILABLE - Check out the 3D Walkthrough & Video Tour Links! - Alpha Equity is pleased to present 115 Commerce St, a 12,000 SF Multi-Tenant Industrial / Flex Investment Property at the very end of Lake Mary Commerce Park. The property is split 6000 SF per side. 115A is leased until 2026 with annual escalations & personal guarantee. 115B can be provided at closing with a 6 year personal guaranteed lease. Taking the property as strictly INVESTMENT would provide for a blended 7.13% cap rate and 5+ year weighted average remaining term. Alternatively, 115B can be provided VACANT with an owner occupant taking advantage of a long term income producing tenancy next door that covers more than 70% of the total carrying cost of the purchase. 115 Commerce is part a 3 building cul-de-sac, backing up to county owned retention between it and Skyline Dr. The stand alone building features 25’-23' clear ceiling height with four 12’6’ overhead doors & one 10’6” rollup door. In the heart of Lake Mary, less than half a mile from the Home Depot & Dunkin Donuts Plaza on Primera Blvd & Lake Mary Blvd, and less than two minutes from the new Top Golf on Lake Emma. Ideally situated with easy access to Lake Mary Blvd, Lake Emma & Ronald Reagan, 2 minutes from I-4, 5 minutes from SR-417 and adjacent to public transportation. Schedule your private tour today. 115B Also available for lease, see lease listing for pricing details.

Price History
11/10/2021 Listed $2,100,000

General Features

Additional Parcels Y/N No
Building Area Units Square Feet
Building Features Bathrooms, Clear Span, Dumpsters
City LAKE MARY
Complex Development Name LAKE MARY COMMERCE CENTER
Construction Materials Stucco
Cooling Central Air
County Seminole
Days on Market 20
Directions I4 to Lake Mary, R on Lake Emma, R on Commerce St, All the way down to end of cul-de-sac - up the driveway - big building in front of you!
Electric Other
Flooring Carpet, Hardwood, Other, Reclaimed Wood, Tile, Vinyl
Heating Central
Levels Multi/Split
Lot Size Square Feet 94089
MLS Area 32746 - Lake Mary / Heathrow
New Construction No
Ownership Corporation
Property SubType Industrial
Property Type Commercial Sale
PropertyCondition Completed
Roof Metal
Security Features Security Gate
Sewer Public Sewer
Standard Status Active
Status Active
Street Name COMMERCE
Subdivision Name LAKE MARY COMMERCE CENTER
Tax Annual Amount 9240.26
Tax Lot 0040
Tax Year 2021
Terms Lease Back, Lease Option
Total Number of Buildings 3
Township 20
Utilities Electricity Available, Public
Virtual Tour https://my.matterport.com/show/?m=GxWNwkkM8ej&brand=0
Virtual Tour https://my.matterport.com/show/?m=GxWNwkkM8ej&brand=0
Water Access YN No
Year Built 1987
Zoning M-1A

Interior Features

Ceiling Height 23 + Feet
Ceiling Type Acoustical
Flood Zone Code Zone X
Living Area 12000
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix STREET

Exterior Features

Building Area Total 12000
Foundation Details Slab
Lot Dimensions x
Lot Features Central Business District
Lot Size Acres 2.16
Parking Features Parking Spaces - 6 to 12, Parking Spaces - 13 to 18, Over 30 Spaces
Road Frontage Type Turn Lanes
Road Surface Type Asphalt
Vegetation Mature Landscaping
Water Extras YN No
Water Source Public
Water View YN No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 32746

Price
AVG $860K
$2.1M
Taxes
AVG $6,490
$9,240
Visits
AVG 94
35
Year Built
AVG 1995
1987
Walkscore
AVG 43
15
Data Provided by Walkscore ® not using MLS data

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