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
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.
More Information MLS# 1049179
General Property Information
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.
Building Area Total: 26682
List Price/SqFt: 104.94
Sold Price/SqFt: 93.7
Year Built: 1975
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: 1
Sale Includes
Building & Land: 1
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
Contract Information
Current Price: $2,500,000
Sold Price: $2,500,000
Status: Closed
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
Property Features
Business Type: Professional/Office
Sale Includes: Building & Land
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.