$525,000

725 E Silver Springs Boulevard

FL,

Description

Income producing with 71 lighted parking spaces and prime location within low tax Federal Opportunity Zone! AADT: 37,900 with road frontage on Silver Springs Blvd and NE 8th AVE. Sale includes additional parcel: 2820-047-003 on .56 acres. Two parcels combined equal over one acre! Landmark building was formally the famed Peter Dinkel's restaurant, and has a recent history of office and retail use. Includes 14 office/retail units, multiple lounge, conference, and kitchen areas. Updated electric, plumbing, and HVAC. Building contains a fire sprinkler system throughout. Property is located within the Midtown District and East CRA with grant funding available for property improvements. Two parcels = two grant opportunities! Owner financing opportunity.

Details

MLS#548903
Sub-TypeResale
StatusActive
Year1935
Days On Site282

Features

SQ Feet8,261
Story(s)2
Units14
ZoningB-2 Community Business

Market Activity

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Area Information

StateFL
CountyMarion
AreaMarion
Listing VS Median (in )
Price:
$525,000
low | high
Med:
$504,950
53.819047619048% of Average
SqFt:
8,261
low | high
Med:
7,883
54.575717225517% of Average
$ / SqFt:
$64
low | high
Med:
$68
43.775031430097% of Average
On Site:
282
low | high
Med:
187.5
100% of Average
Listing Updated: 10/23/2019
MLS Number: 548903
Listing Provided By:
Melissa Jean Townsend  of  ITS ALL ABOUT YOU...REAL ESTATELLC