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1410 Lpga Boulevard, Daytona Beach, FL 32117

$2,100,000
Property Type: Commercial Sale Square Footage: 14,960 Status: Closed
Current Price: $2,100,000 List Date: 4/25/2019 Last Modified: 9/28/2024

Overview

Description

Amazing Investment Property with Huge Upside!!New 12 year lease of 60% of building and 5 year lease on the balance with stable tenants. 2019 CAP Rate: 6.52% - 2023 CAP Rate: 8.18% - Extra buildable lot, too! Daytona Beach is exploding with new development - this property is located just east of the new Jimmy Buffett Latitude Margaritaville Community, New Tomoka Town Center Mall, New Sam's Club and Tangers Outlets.

Listing Details MLS# 1047500

General Property Information

Building Area Total
14960
Year Built
2004
Lot Size Dimensions
395x331
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Public Remarks
Amazing Investment Property with Huge Upside!!New 12 year lease of 60% of building and 5 year lease on the balance with stable tenants. 2019 CAP Rate: 6.52% - 2023 CAP Rate: 8.18% - Extra buildable lot, too! Daytona Beach is exploding with new development - this property is located just east of the new Jimmy Buffett Latitude Margaritaville Community, New Tomoka Town Center Mall, New Sam's Club and Tangers Outlets.
List Price/SqFt
160.43
Sold Price/SqFt
140.37

Property Features

Building Features: Kitchen Facilities; Private Restroom; Showroom Business Type: Church; Commercial; Professional Service; Professional/Office; Restaurant; Retail Construction Materials: Block; Concrete Current Use: Office Road Frontage Type: Highway; Other Sale Includes: Building & Land

Contract Information

Listing Contract Date
2018-08-31
Property Sub Type
Business

Location Tax and Legal

Street Number
1410
Street Name
Lpga
Street Suffix
Boulevard
County
Volusia
State
FL
Postal Code
32117
MLS Area Major
35 - Mason to LPGA E of 95

Status Change Information

Major Change Timestamp
2020-01-23T15:58:44Z
Major Change Type
Status Change
Purchase Contract Date
2019-10-21
Close Date
2020-01-10
Close Price
2100000

Historical Information

Public Historical Remarks 1
Zoning (Text): PCD Retail Office; Parking: Paved; SqFt - Total: 14960.00; Confidential Listing: N; Franchise Opt In: No

More Information

Location, Tax, and Legal

Country
US
Parcel Number
5202-22-00-0010
Tax Annual Amount
26000
Tax Year
2017
Tax Legal Description
LOT 1 HALIFAX HABITAT VILLAGE MB 50 PGS 74 THRU 76 INC PER OR 5208 PG 3482

Currently Not Used

Year Built
2004

Construction Materials

Block
Yes
Concrete
Yes

Current Use

Office
Yes

Road Frontage Type

Highway
Yes
Other
Yes

Building Features

Kitchen Facilities
Yes
Private Restroom
Yes
Showroom
Yes

Business Type

Church
Yes
Commercial
Yes
Professional Service
Yes
Professional/Office
Yes
Restaurant
Yes
Retail
Yes

Sale Includes

Building & Land
Yes
Listing Office: Realty Pros Commercial
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

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