Edgewater, FL 32141 2220 Hibiscus Drive

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Presented By: Collado Real Estate
  • MLS# 1200903
  • 06/30/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • Baths • 2
  • SQFT • 6,083

Home Details

This property is for THE COMBINED SALE offering of 2220 Hibiscus AND 2030 Hibiscus Drive (MLS #1200120) Edgewater, Florida at a TOTAL SALES PRICE OF $2.360M. The COMBINED total SQ FT is 16.103. There are a total of 64 rental units on these TWO well maintained properties located within a 1/ 4 mile of each other in the Commercial District of Edgewater. FL. It's a unique combination of a glass-front office building and a storage facility, catering to a variety of business needs. The 9 unit office building features large roll-up back doors designed for storage purposes, providing flexibility for businesses requiring both office space and storage solutions. The 40 ft deep retail spaces within the building are currently utilized effectively in many ways, offering a range of opportunities with street visibility for different types of businesses. Each unit in the building is separately metered, allowing tenants to pay their own utilities, helping to streamline the operational costs. Adding to the property's appeal is the rear building, which provides 2,000 square feet of storage space divided into 15 units. This additional storage capacity enhances the property's value and rental potential, offering secure and accessible storage solutions. With three 10 x 10 units, eight 10 x 20 units, and an additional four 5 x 8 unit, tenants have a selection of storage spaces to choose from based on their requirements. This variation in sizes not only accommodates different storage needs but also enhances the property's rental potential by appealing to a broader market of potential tenants. Ensuring the security and peace of mind of tenants is a top priority at this property. The storage units are located within a fenced and gated area, adding an extra layer of safety and protection for stored belongings. The roll-up doors further streamline the moving-in and moving-out process, making it hassle-free for tenants to access their storage space. Seize the opportunity to own a property that not only combines office and storage facilities but also offers a highly functional and diverse storage solution with ease of access and maximizes rental income potential. This property is poised to be a valuable asset in the commercial real estate market.
Presented By: Collado Real Estate

Interior Features for 2220 Hibiscus Drive

Bathrooms

Total Baths2

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
FlooringConcrete
Heating Y/NYes
Total Stories1

General for 2220 Hibiscus Drive

AccessibilityAccessible Entrance, Accessible Hallway(s), Common Area, Visitor Bathroom
Additional Parcels Y/NNo
Attached Garage No
Building FeaturesFenced, Manager on Premise, Overhead Doors, Private Restroom, Rear Access, Storage
Building NameEdgewater Plaza & Storage
Business TypeAccounting, Administrative and Support, Cabinets, Carpet/Tile, Commercial, Computer, Construction/Contractor, Dance Studio, Decorator, Distribution, Financial, Hobby, Mixed, Professional Service, Professional/Offi
CityEdgewater
Construction MaterialsConcrete, Stucco
ContingencyActive Under Contract
CoolingElectric, Separate Meters, Ductless
CountyVolusia
Current UseCommercial, Mini-Storage, Mixed Use, Office, Retail
Days on Market92
DirectionsSouth on US 1 to SR 2 turn R head W to Hibiscus, turn L head South to 2220 on the right.
Electric200+ Amp Service
Electric On Property Y/NNo
Gross Income85092.0
HeatingCentral, Electric, Separate Meters
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense4300.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lease TypeOther
Legal DescriptionLOTS 6870 TO 6873 INC BLK 225 FLORIDA SHORES UNIT NO 7 MB 23 PG 131 PER OR 4809 PGS 0023-0024 PER OR 6707 PG 3196 PER OR 6708 PG 2760 PER OR 7414 PGS 4668-4669 PER OR 8085 PG 4469
Lot Size Square Feet26959.28
Lot Size UnitsAcres
MLS Area80 - Edgewater
MLS Area Minor80 - Edgewater
MaintenanceExpense1500.0
MobileHomeRemainsYNNo
ModificationTimestamp2024-09-28T03:20:37Z
New Construction None
NumberOfUnitsTotal24
OwnerPaysCommon Area Maintenance, Exterior Maintenance, Grounds Care, Insurance, Management, Repairs, Roof Maintenance, Sewer, Taxes, Trash Collection, Water
PossessionClose Of Escrow, Subject To Tenant Rights
Property SubTypeMixed Use
Property TypeCommercial Sale
Rent Control Y/NNo
RoofShingle
Security FeaturesClosed Circuit Camera(s), Security Fence, Security Gate, Security Lights, Smoke Detector(s)
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Under Contract
Subdivision NameFlorida Shores
Tax Annual Amount7065.0
Tax Year2023
Taxes$7,000
Tenant PaysElectricity, Telephone
Total Actual Rent85092.0
UtilitiesCable Available, Electricity Connected, Separate Electric Meters, Sewer Connected, Water Connected
View Y/NNo
Waterfront Y/NNo
Year Built1990
Zoning DescriptionCommercial

Exterior for 2220 Hibiscus Drive

Building Area Total6083.0
Crops Included Y/NNo
FencingBack Yard, Chain Link, Fenced
Horse Y/NNo
Inclusions{u'Building & Land': True}
Irrigation Water Rights Y/NNo
Lot FeaturesCleared, Few Trees
Lot Size Acres0.62
Lot Size Area0.62
Open Parking Y/NNo
Parking FeaturesAdditional Parking, Parking Lot
Road Frontage TypeCity Street
SpaNo
Water SourcePublic

Additional Details

Price History

Worth Clark

Price $975,000
MLS#1200903
List Date 06/30/2024
Property Type Contingent
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