6.9% CAP on Present Income - LM Warehouse
3801 S. Duncan Drive, Tavares, Florida 32778
Sold: $1,500,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
23,470 sqft
Land Size
15 acres
Sewer
City
Water
City
Zoning
LM
Electric
Duke
Year Built
2006
Roof
Metal
Parking
Onsite
Lake Idamere
Designated seaplane lake
Construction
Block, clear span
Property Description
23,470 sq. ft. steel reinforced concrete block, clear span, waterfront, light manufacturing warehouse in America's Seaplane City. Fully leased to Progressive Aerodyne, creator and maker of the 2 seater SeaRey seaplane. Built in 2006, this was originally home to a custom pontoon boat maker. The current tenant has been here for 11 years and is very satisfied with the location and facility and has expressed a desire to stay long term with a new Landlord.
