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725 SE Baya Ave 5,795 SF 90% Leased Office Building Lake City, FL 32025 $842,550 CAD ($145.39 CAD/SF)
Investment Highlights
- GREAT LOCATION INSIDE CITY LIMITS
- FRONTAGE ON BAYA AVE - ONE OF LAKE CITY'S MAJOR THOROUGHFARES
Executive Summary
Inside City Limits; Great location with super exposure on Baya Dr! Unrealized value; low rent can be increased as some tenants are month-to-month; 5 units on 1st floor; 2 units on 2nd floor; Annual Average Daily Traffic (AADT) - 17,200; There was a new roof put on the building last year. This property will not last long on the market due to its curb appeal and variety of professional uses (MINIMUM 24-HR NOTICE FOR SHOWINGS) Last year's real estate taxes were $7,970; Insurance $4,200
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,795 SF
Building Class
B
Year Built
1986
Price
$842,550 CAD
Price Per SF
$145.39 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,898 SF
Building FAR
0.17
Lot Size
0.78 AC
Zoning
RO - Residential Office
Parking
20 Spaces (3.45 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Great area for professional use; well-maintained w/curb appeal OWNER PAYS WATER & SEWER (this is an upstairs unit)
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 103 | 600 SF | Office | - | Now |
2nd Fl-Ste 103
| Size |
| 600 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 103
| Size | 600 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Great area for professional use; well-maintained w/curb appeal OWNER PAYS WATER & SEWER (this is an upstairs unit)
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Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 00-00-00-13625-000 | Improvements Assessment | $420,684 CAD |
| Land Assessment | $82,447 CAD | Total Assessment | $503,131 CAD |
Property Taxes
Parcel Number
00-00-00-13625-000
Land Assessment
$82,447 CAD
Improvements Assessment
$420,684 CAD
Total Assessment
$503,131 CAD
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725 SE Baya Ave
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