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4629 Highway 389 Other, FL 32444
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Key Details
Sold Price $2,108,182
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 9,100 sqft
Price per Sqft $231
MLS Listing ID GC427401
Sold Date 10/11/19
HOA Y/N No
Year Built 2019
Annual Tax Amount $2,018
Lot Size 1.970 Acres
Acres 1.97
Property Description
This is a brand new location on Highway 389 in Lynn Haven, Florida with an Average Daily Traffic of 10,400. This offering represents an ideal opportunity for a 1031 exchange buyer or a "passive" investor. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant. This Seller is a trusted Dollar General developer with a meticulous construction and transaction process in place that makes these transactions extremely smooth and reliable. They have successfully delivered nearly 200 Dollar General locations over the past 10+ years. The Seller has negotiated special financing terms which may be extended to Buyer on this transaction, which could provide substantial cost savings and increased IRR to Buyer.
Location
State FL
County Other County
Interior
Cooling Central Air
Exterior
Roof Type Metal
Building
Lot Description Other
Lot Size Range 1 to less than 2
Structure Type Brick,Metal Frame,Metal Siding
Others
Acceptable Financing Other
Listing Terms Other
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Bought with Out Of Area Firm (See Remarks)