FL Acreage With Commercial Potential

Property Details

  • Time to Build
    No Limit
  • State
    Florida
  • County
    Putnam
  • City
    Crescent City
  • GPS
    29.4272, -81.5579
  • Curent Zoning
    R2
  • General Elevation
    23
  • Taxes
    $1,610.73
  • Conveyance
    WD
  • Sewer
    Septic
  • Parcel Size (in acres)
    11.08
  • Zip
    32112
  • Title Info
    Ernest Gilmore current owner
  • Access
    Hwy 17
  • Terrain
    Flat & wooded
  • HOA Fees
    None
  • Power
    Electricity
  • Water
    Well
  • Phone
    Unsure

Transaction Details

Total Transaction Purchase Price (including closing costs): $116,500
Anticipated Sale Price: $239,000 per sold comps
Anticipated Transaction Completion Time (cash in to cash out for equity partner): 6 months
Escrow or Notary Acquisition? Escrow
Escrow or Notary Sale? Escrow
Percent of Funding from Partner Required: 100%
Equity Partner Profit Split: 50/50%
Anticipated Budget: $239k-10% sold=215-(115+3 closing costs)=97k=48.5 each
Miscellaneous Option 1: Open to wholesaling with assignment fee
Miscellaneous Option 2: Current owner may consider small price reduction

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