1024 N US Highway 1, Ormond Beach, FL 32174
$1,550,000
Property Type:
Commercial Sale
Square Footage:
42,592
Status:
Closed
Current Price:
$1,550,000
List Date:
3/10/2016
Last Modified:
9/28/2024
Description
SUBSTANTIAL PRICE REDUCTION! Less than $46/SF. An attractive multi-tenant, mixed use center containing approximately 42,592 ft.² of building area on 4.62 acres of land with over 500 feet of direct frontage along US–1. Site includes 1.2± acres of vacant undeveloped land north of the existing improvements. Interior finishes include 8,738± ft.² of office, 7,451± ft.² of retail, 5,975± ft.² of climate controlled mini–storage and 10,337± ft.² of standard storage space in five separate buildings. Buildings range in age from 14 to 61 years old. 2003 renovations to the facility included the addition of a modern front elevation, new retail space and the remodeling of much of the office finishes. Office area is currently utilized for both general office and as executive office suites.
Supplements: suites. Site improvements includes 92 illuminated paved parking spaces and ample irrigated landscape.
More Information MLS# 1013632
General Property Information
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: From SR 40 north on US-1 2.8 miles, property on West side 1/4 mile north of Tomoka River.
Public Remarks: SUBSTANTIAL PRICE REDUCTION! Less than $46/SF. An attractive multi-tenant, mixed use center containing approximately 42,592 ft.² of building area on 4.62 acres of land with over 500 feet of direct frontage along US–1. Site includes 1.2± acres of vacant undeveloped land north of the existing improvements. Interior finishes include 8,738± ft.² of office, 7,451± ft.² of retail, 5,975± ft.² of climate controlled mini–storage and 10,337± ft.² of standard storage space in five separate buildings. Buildings range in age from 14 to 61 years old. 2003 renovations to the facility included the addition of a modern front elevation, new retail space and the remodeling of much of the office finishes. Office area is currently utilized for both general office and as executive office suites.
Building Area Total: 42592
Lot Size Dimensions: 4.621± Acres
List Price/SqFt: 45.67
Sold Price/SqFt: 36.39
Year Built: 1955
Location, Tax, and Legal
Country: US
Parcel Number: 4238-01-30-0010
Tax Annual Amount: 18078
Tax Year: 2015
Tax Legal Description: 38-14-32 N 376.2 FT S OF CENTER GAMBLE AVE MEAS ON W/L OF US 1 PER DB 526 PG 593 OF THAT PART OF LOTS 30 & 31 LYING BETWEEN HWY & RR EXC S/E 159.71 FT OF N/E 95.67 FT OF S/W 125.67 FT & EXC S/E 11.83 FT OF S/W 120.10 FT OF N/E 286.13 FT & EXC S/E 7.4 9 FTOF S/W 12.83 FT OF N/E 298.96 FT E OF LOT 1 BLK 1 TOMOKA ESTATES TOMOKA MB 1 PG 108 IN GEO ANDERSON GRANT PER OR 1518 PG 536 & LOT 1 BLK 1 TOMOKA
Zoning Description: Retail
Currently Not Used
Year Built: 1955
Accessibility Features YN: Yes
Status Change Information
Contingent Date: 2017-12-11
Major Change Timestamp: 2018-03-02T16:20:30Z
Major Change Type: Status Change
Price Change Timestamp: 2017-10-13T13:31:03Z
Purchase Contract Date: 2017-12-11
Close Date: 2018-03-01
Close Price: 1550000
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Multi Units: 1
Current Use
Mixed Use: 1
Shopping Center: 1
Heating
Central: 1
Varies by Unit: 1
Income and Expenses
Gross Income: 331000
Road Frontage Type
Highway: 1
Other: 1
Roof
Tar/Gravel: 1
Other: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Building Features
Ceiling Eve Height: Varied Height
Showroom: 1
Vac Off/Retail SqFt: 16189
Vac Warehouse SqFt: 16312
Business Type
Commercial: 1
Mixed: 1
Professional Service: 1
Professional/Office: 1
Retail: 1
Warehouse: 1
Location
Shopping Center: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Road Type: paved 4 lane divided; Zoning (Text): B-8 Ormond Bch; # Parking: 92; Income/Operating Inc: Total Operating Income: 331000; Lease Provisions: Less than 1 Year; Parking: Paved; SqFt - Total: 42592.00; Site Improvements: Curb/Sidewalks; Confidential Listing: N; Highway Access: Duel drives to US-1; % Occupancy: 90.00; Road Frontage: 500.00; Depth: 400.00; Commercial Property Name: US-1 Business Park; Financial Package: No; Franchise Opt In: No; Current # Tenant: 25.0000
Contract Information
Current Price: $1,550,000
Sold Price: $1,550,000
Status: Closed
Listing Contract Date: 2016-03-10
Property Sub Type: Business
Location Tax and Legal
Street Number: 1024
Street Direction Prefix: N
Street Name: US Highway 1
County: Volusia
State: FL
Postal Code: 32174
MLS Area Major: 45 - Ormond N of 40, W of US1, E of 95
Property Features
Building Features: Showroom
Business Type: Commercial; Mixed; Professional Service; Professional/Office; Retail; Warehouse
Construction Materials: Block; Concrete
Cooling: Central Air; Multi Units
Current Use: Mixed Use; Shopping Center
Heating: Central; Varies by Unit
Location: Shopping Center
Road Frontage Type: Highway; Other
Roof: Tar/Gravel; Other
Sale Includes: Building & Land
Sewer: Public Sewer
Water Source: Public
Listing Office:
Adams, Cameron & Co., Realtors (Commercial)
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.