140 S Atlantic Avenue, Ormond Beach, FL 32176 (MLS# 1049179)

140 S Atlantic Avenue, Ormond Beach, FL 32176

$2,500,000

Property Type: Commercial Sale Square Footage: 26,682 Status: Closed

Current Price: $2,500,000 List Date: 10/12/2018 Last Modified: 9/28/2024

Overview

Description

Beachside 26,682+/- SF fully furnished office building. The interior was completely redesigned and remodeled from 2012 through 2016 at a cost of over $2,400,000. The property sits on just under one acre directly across the street from the ocean with ocean views throughout the building. The building can accommodate a single or multiple users on the five floors. The HVAC system is designed with two zones per floor if conversion to multiple tenants is desired. There are 88+/- parking spaces and a full building generator with 800 Gallons of diesel storage on site. Additional improvements and features include a new roof in 2015, new HVAC system, storm shutters, new interior fire sprinkler system, updated elevator components, and ADA compliant bathrooms.

Supplements: The seller will consider financing a purchase and will lease back the property until June of 2019. All showings will be by appointment only.

Listing Details MLS# 1049179

General Property Information

Building Area Total: 26682
Year Built: 1975
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Located on the beachside in Ormond Beach. The property sits on the west side of South Atlantic Avenue.
Public Remarks: Beachside 26,682+/- SF fully furnished office building. The interior was completely redesigned and remodeled from 2012 through 2016 at a cost of over $2,400,000. The property sits on just under one acre directly across the street from the ocean with ocean views throughout the building. The building can accommodate a single or multiple users on the five floors. The HVAC system is designed with two zones per floor if conversion to multiple tenants is desired. There are 88+/- parking spaces and a full building generator with 800 Gallons of diesel storage on site. Additional improvements and features include a new roof in 2015, new HVAC system, storm shutters, new interior fire sprinkler system, updated elevator components, and ADA compliant bathrooms.
List Price/SqFt: 104.94
Sold Price/SqFt: 93.7

Property Features

Business Type: Professional/Office Sale Includes: Building & Land

Contract Information

Listing Contract Date: 2018-10-12
Property Sub Type: Business

Location Tax and Legal

Street Number: 140
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32176
MLS Area Major: 16 - Ormond Beach Peninsula S of 40

Status Change Information

Major Change Timestamp: 2019-11-13T20:55:30Z
Major Change Type: Status Change
Purchase Contract Date: 2019-05-01
Close Date: 2019-11-13
Close Price: 2500000

Historical Information

Public Historical Remarks 1: Zoning (Text): B-4 Central Business; Bldg Type/Location: Free Standing; Parking: Paved; Confidential Listing: N; Franchise Opt In: No

More Information

Location, Tax, and Legal

Country: US
Parcel Number: 4214-09-06-0070
Tax Annual Amount: 20789
Tax Year: 2017
Tax Legal Description: S 32 FT OF LOT 6 & LOT 7 & N 16 FT LOT 8 PER MB 1 PG 121 BLK 6 ORMOND BCH & INC N 120 FT OF E 170 FT OF LOT 15A LYING W OF ATLANTIC AVE & VACATED FLORENCE ST LYING W OF SAME ORMOND CITY ORDINANCE NO 75 9 ASSESSORS SUB ORMOND BCH MB 3 PG 108 PER OR 3353PGS 0626 & 0627

Currently Not Used

Year Built: 1975

Business Type

Professional/Office: Yes

Sale Includes

Building & Land: Yes

Listing Office: SVN Alliance Commercial Real Estate Advisors

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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