Mixed Use Income Property-Ormond Beach

Retail-Commercial for Sale
Catylist Listing ID: 30365136
Property Subtypes: Mixed Use, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 50,000 SF
Gross Land Area: 5.67 Acres
Sale Price: $6,000,000
Unit Price: $120 PSF
Ceiling: 18 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/9/2019

Overview / Comments

100% Leased. Built in 2005, there are a total of 50,000 square feet of space in eight buildings. Four of the buildings are 50' X 100' and four buildings are 50' X 150'. The property is in unincorporated Volusia County with B-5 Zoning.
Several of the larger leases are NNN leases and several are modified gross. Most of the gross leases have short terms and can be converted to NNN within 1-2 years. The tenants have a mix of uses including retail, industrial and office.
The property consistently maintains 100% occupancy with an upside for rent increases. Please contact listing broker for all showings and property visits.

Additional Details

Nearest MSA: Deltona-Daytona Beach-Ormond Beach
County: Volusia
Tax ID/APN: 424203040170
Retail Clientele: General, Business, Recreation, Other
Property Located Between: Hand Ave and Clyde Morris Blvd
Largest Nearby Street: Nova Rd
Feet of Frontage: 445
Traffic/Vehicle Count: 9,900
Airports: Daytona International Airport
Site Description: The property is located between Nova Road and Clyde Morris Boulevard on the South side of Hand Avenue.
Tenancy: Multiple Tenants
Total Number of Buildings: 8
Number of Stories: 1
Typical SF / Floor: 7,500 SF
Year Built: 2005
Total Parking Spaces: 200
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Lot Frontage: 445
Lot Depth: 640

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,235 54,106 108,084
Median Age: 46.66 46.8 44.5
Households: 4,641 24,421 48,606
The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.