115 Commerce StreetLake Mary, FL 32746MLS Number O5984144

  • Price: $2,100,000
  • 78 Days on Market
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Federal 30-year interest rate: 3.56% last updated on Jan 20, 2022
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115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746115 Commerce Street Lake Mary FL 32746
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  • 2.16Acreage
  • 1987Year Built
  • 12,000Square Feet
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.
Listing Courtesy of EXP REALTY LLC

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Location Information

  • Road FrontageTurn Lanes

Parking

  • Parking Features Parking Spaces - 6 to 12, Parking Spaces - 13 to 18, Over 30 Spaces

Building

  • Building Area Source Public Records
  • Garage Spaces
  • Levels Multi/Split
  • MFR Ceiling Height 23 + Feet
  • MFR Ceiling Type Acoustical
  • MFR Office Retail Space Sq Ft 4040
  • RoofMetal
  • Year Built1987

Interior

  • Flooring
    • Carpet
    • Hardwood
    • Other
    • Reclaimed Wood
    • Tile
    • Vinyl

Amenities

  • Other AmenitiesGolf

Water Body

  • MFR Water Access YN No
  • MFR Water View YN No

Basic Information

  • List Price$2,100,000
  • MLS NumberO5984144
  • Mls Status Active
  • StatusACT

Location

  • Address115 Commerce Street
  • AreaLake Mary / Heathrow
  • Building Number115
  • CountySeminole
  • 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!
  • StateFL
  • StreetCommerce
  • SubdivisionLake Mary Commerce Center
  • TownLake Mary
  • Township 20
  • Zip32746

Property Information

  • Acreage2.16
  • Construction Materials Stucco
  • Lot DescriptionCentral Business District
  • Lot Size Dimensions x
  • Lot Size Square Feet 94,089
  • MFR Total Acreage 2 to less than 5
  • Property Condition Completed
  • Square Feet12,000

Tax Information

  • Tax Year 2021
  • Taxes$9,240

Basic Information

Property

  • Living Area 12000
  • ZoningM-1A

Utilities

  • Cooling Central Air
  • Electric Other
  • Heating Central
  • Sewer Public Sewer
  • Utilities Electricity Available, Public
  • Water Source Public

Other

  • Date Listed11/10/2021
  • MFR Flex Space Sq Ft 7819
  • MFR Flood Zone Code X
  • Security Features Security Gate
  • Vegetation Mature Landscaping
  • View Count1
Fusilier Realty Group
Fusilier Realty Group
Office: 407-281-8455
9145 Narcoossee Road
Orlando, FL 32827

Based on information submitted to MFRMLS as of January 27, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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