Listing Number: 2301-700443
Description
Former Child Care Center Now Available!
For sale is a former child care center, being offered at the estimated appraised value. The seller outgrew this space and moved to a much larger facility.
The property consists of two buildings: The 3,411 s.f. main building has been used continuously as a child care center/preschool since 1991 and was licensed for 123 students. An additional 576 s.f. building was completed in 2022 and was used for kindergarten classes. If used for childcare, it should add about 12 students to the license. The 3,987 s.f. combined buildings are for sale, subject to an assignable ground lease with the City. The ground lease has a remaining term, plus option, of 36 years, and is currently $1,378 per month. Seller may also consider leasing, or leasing the center with an option to purchase, to a qualified tenant. The project has been prequalified by an SBA lender as a real estate purchase/start-up with a 20% equity injection.
Listing Details
- Price: $ 525,000
- Down Payment: $525,000
- Sellers Discretionary Earnings: $ 0
- Total Sales: $ 0
- Location: Volusia County, Florida
- Inventory: $ 0
- FF&E: $ 0
- Employees:
- Year Established: 1991
- Reason for Selling: Moved to a new facility
- Category: Child Care
