Absolute Auction of 7020+/-SF Retail/ Warehouse in Edgewater FL (Volusia Co.)No Minimums - No Reserves7020+/- SF Commercial Warehouse Building2030 - 2032 Hibiscus DrEdgewater, FL 32141Onsite Auction With Webcast BiddingFriday, August 08, 2014 at 3:00 PM EDTFisher's Auction was founded in 1979 by Ray Fisher, when he moved his family to the area from South Florida. Specializing in the sale by auction of personal property, firearms, vehicles, and Business Liquidations , the business has supported 3 generations of the Fisher family in this location since 1986, and is well known throughout the Central Florida area. Ray has finally decided to retire, and his son Chris, who managed the Fisher's auction business for the past 10 years, will oversee the sale of the real estate, in his capacity as Florida agent with Auction Management Corporation. ABOUT THE BUILDING:7020+/-SF Concrete building measuring 135' x 52' on the corner of Hibiscus Drive & 21st Street in Edgewater, Volusia County Florida. 10' Ceilings. Lot size is 160' wide x 185' deep. Building has been partially owner occupied since 1984 and the rest has been rented. Building has rarely been less than 100% occupied. Currently the owner occupies the front office area and 8 of the units and rents out the remaining 8 units. It should be noted that the owner has not raised rental rates since he purchased the building in 1984. The back half of the building rents out for $1,150.00 per month. Potential renters stop in on a regular basis inquiring about rental space.In total, there are a potential of 16 warehouse units measuring 15' x 26' and 2 office areas that could be rented. There are 2 bathrooms in the building. Zoning is I-2 (Light Industrial/Warehousing). Owner has an exemption for B-2 (Neighborhood Business). In addition to the auction business and space rental, there is also $500 - $1100 per month income from U-Haul Rentals. U-Haul has indicated that they would like to keep an agency at this location. For a complete rental schedule please contact Chris Fisher.This building received major upgrades in 2004 after the hurricanes. Of note, a $50,000.00, 50 year steel roof was added and the interior was extensively remodeled to include new ceilings and insulation in the front half of the building. The front half of the building is also carpeted and has 3 air conditioning units. Building has 16 overhead doors. There is also a 48' Semi trailer that is used for storage. There is a steel lined closet/safe room in the office area.With all spaces leased, potential monthly rental income for this building may be $4,500.00.Legal Description:LOTS 3142 TO 3145 INC BLK 152 FLORIDA SHORES NO 2 REVISED PLAT MB 23 PG 103 PER OR 2747 PG 0596. FULL PARCEL ID: 02-18-34-01-03-1420. ABOUT THE EDGEWATER AREA:Edgewater is located in SE Volusia County and is in the Central Florida/Space Coast Area. Close to New Smyrna Beach & Daytona Beach, it is within 1 hour of Orlando and 20 Minutes to Kennedy Space Center. Boat building is key to this area as Boston Whaler, Edgewater Boats, Accurate Boats & Dougherty Marine all call Edgewater home.Edgewater, Florida is a community nestled alongside the Indian River adjacent to the famous Mosquito Lagoon. It's an Intracoastal waterfront community that offers all the charm you would expect to find in small town Florida yet still engage in spirited business and commercial activity. The growing river front city of Edgewater is one of the principal municipalities in southeast Volusia County. The city has a population over 21,500.Edgewater is home to numerous manufacturing facilities, business parks and industrial centers. Every year additional businesses and manufacturers have staked their claim here, reaping the benefits of this
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