10500 Scenic Dr - Investment Laydown yard 7.75% CAP RATE

Here is your opportunity to invest in one of the fastest growing counties in the state of Florida. This property features a total of 1.77 acres with 1.4 acres of useable flat land. Property is fenced in and is about 50% paved, with the other 50% being compacted grass. Zoning is c-2 General Commercial and is currently used as a contractor laydown yard. The property is split into 1 acre lot and .4 acre lot with fenced in entrance to each side Larger norther plot is rented for $1650 per month starting Jan 1st 2025 on a one year lease Smaller southern Plot is rented for $1000 per month starting Jan 1st 2025 on a one year lease And The additional .4 acres can be used by owner or rented out for additional revenue further increasing your NOI Only expenses are taxes currently $3250 per year and General liability insurance Owner also has approved plans from county for a 48 space Boat and RV storage Facility that will come with the purchase which they can use or not. Currently property does not have power or water. Power is right out front of property and water would most likely need to be well.