For Sale
$5,500,000

106 Center StPierson, FL 32180

Established business, 174 acres, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a thriving, established fernery situated on a sprawling 174-acre parcel in Pierson, Florida. Priced at $5,500,000, this turnkey operation boasts a substantial net operating income (NOI) of $600,000, translating to an attractive 10.91% capitalization rate. The property includes purpose-built structures perfectly suited for fern cultivation, processing, and storage, ensuring efficient operations. A dedicated management team is already in place, providing for seamless daily operations, even with an absentee owner. The seller is committed to facilitating a smooth transition for the new owner, offering support as needed. While the exact address is not publicly listed, interested parties are encouraged to inquire for further details. This is a rare chance to acquire a profitable, established business with significant land holdings in a desirable location. The property is offered for sale by owner. The sale includes all existing buildings and equipment necessary for continued operation. This is an ideal opportunity for an investor seeking a high-yield, established business with significant growth potential.

Highlights

  • $5,500,000 asking price.
  • Established fernery business for sale.
  • 10.91% cap rate with a $600,000 NOI.
  • 174-acre lot in Pierson, Volusia County, Florida.
  • Broker co-op available.
  • For sale by owner; absentee owner.

Property Details for 106 Center St

Property type
Lot Size (sq. ft)
7,579,440 SF

Location Insight

City
Pierson
County
Volusia
State
Florida
Latitude
29.2399558
Longitude
-81.4633652
106 Center St, Pierson, Florida

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106 Center St
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