106 Mathe AveInterlachen, FL 32148

Property Details for 106 Mathe Ave

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.61 AC

Property size (Sq ft)

1,216 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

14-10-24-0000-007.0-004.0

APU

141024000000700040

Description

This exceptional Interlachen Industrial Center offers 11,296 square feet of versatile industrial space, ideally suited for a variety of uses. The property comprises eight individual suites, ranging from a minimum of 600 square feet to a maximum contiguous space of 4,480 square feet, allowing for flexibility in tenant needs. Situated on five acres of land, the property features three buildings, including a 4,480-square-foot concrete block structure built in 2015. This building is equipped with seven meters, six 200-amp electric panels, and plumbing stubbed out for six bathrooms, making it ready for immediate build-out or custom build-to-suit options. An additional large warehouse space with concrete floors and metal siding provides ample storage or workshop area. The property is zoned IL (Industrial Light), accommodating a wide range of permitted uses, including light industrial, emergency services, construction trades, auto body repair, and various sales and service businesses. Lease rates range from $6 to $10 per square foot as-is, or $12 to $15 per square foot with build-out, depending on specific requirements. This prime location offers significant potential for businesses seeking flexible and adaptable industrial space. The property's size and zoning provide ample opportunity for expansion and customization.

• CAP approach

  CAP return

  Valuation

  6%

  $259,631

  6.5%

  $239,659

  7%

  $222,541

• Comparable approach

  Method

  Valuation

  Relative Method

  $128,185

  Geo Method

  $128,185

• Alternative Use

  Use

  Valuation

  Residential

  $239,659

  Hospitality

  $219,527

  Educational

  $182,644

  Medical

  $188,925

  Retail

  $284,112

Location Insight

City

Interlachen

County

Putnam

State

Florida

Latitude

29.6282

Longitude

-81.8766

CBSA code

37260

CBSA name

PALATKA, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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