1520 N Nova Road, Daytona Beach, FL 32117
$1,050,000
Property Type:
Commercial Sale
Square Footage:
8,719
Lot Size (sq. ft.):
44,867
Status:
Closed
Current Price:
$1,050,000
List Date:
5/31/2022
Last Modified:
9/28/2024
Description
8.% Cap Rate! Solid 2-Cash Flowing Income producing properties. 2 parcels include 12 different income streams with plenty of upside. Auto Sales, Motorcycles Repair & Sales, Storage Units and a 2 Tenant occupied House produce a consistent revenue for a perfect income. Property is located in B-5 Zoning for plenty of flexibility in uses. Corner Lot with 350 feet of road frontage on 6 Lane Nova Road. 30,000 AADT. 2nd parcel is 1002 10 St. 44-14-32-01-04-0100. See attachments for Zoning Uses & More
More Information MLS# 1060411
General Property Information
Lot Size Acres: 1.03
Number Of Units Total: 12
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: I 95 Exit LPGA east to Nova Rd and turn right to Nova Rd 1/4 mile south on west side of road
Public Remarks: 8.% Cap Rate! Solid 2-Cash Flowing Income producing properties. 2 parcels include 12 different income streams with plenty of upside. Auto Sales, Motorcycles Repair & Sales, Storage Units and a 2 Tenant occupied House produce a consistent revenue for a perfect income. Property is located in B-5 Zoning for plenty of flexibility in uses. Corner Lot with 350 feet of road frontage on 6 Lane Nova Road. 30,000 AADT. 2nd parcel is 1002 10 St. 44-14-32-01-04-0100. See attachments for Zoning Uses & More
Building Area Total: 8719
Lot Size Dimensions: 57,730 S.F.
List Price/SqFt: 137.63
Sold Price/SqFt: 120.43
Year Built: 1959
Location, Tax, and Legal
Country: US
Parcel Number: 4244-01-04-0095
Tax Annual Amount: 6204
Tax Year: 2018
Tax Legal Description: N 209 FT OF S 329 FT ON E/S OF E 155.5 FT ON N/S & 150 FT ON S/S &N 180.5 FT OF S 330.5 FT ON W/S OF W 100 FT OF E 255.5 FT ON N/S OF LOT 9 W OF CANAL EXC E 27.3 FT MEAS ON N/L FOR NEW R/W NOVA RD BLK 4 M & C HOLLY HILL MB 2 PG 90 INC PER OR 4726 PGS 3334-3336 PER OR 6643 PG 0093
Zoning Description: Industrial
Currently Not Used
Year Built: 1959
Status Change Information
Contingent Date: 2022-08-17
Major Change Timestamp: 2022-08-20T21:43:57Z
Major Change Type: Status Change
Price Change Timestamp: 2022-01-24T13:56:01Z
Purchase Contract Date: 2022-06-29
Close Date: 2022-08-19
Close Price: 1050000
Construction Materials
Block: 1
Brick: 1
Concrete: 1
Cooling
Central Air: 1
Current Use
Retail: 1
Heating
Central: 1
Listing Terms
Lease Option: 1
Owner Pays
Electricity: 1
Grounds Care: 1
Insurance: 1
Trash Collection: 1
Water: 1
Sewer
Septic Tank: 1
Water Source
Public: 1
Business Type
Auto Repair-Specialty: 1
Auto Service: 1
Commercial: 1
Mixed: 1
Professional Service: 1
Retail: 1
Warehouse: 1
Existing Lease Type
Gross: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Current Use: Auto & Motor Cycle, Road Type: 6 Lane; Zoning (Text): B-5; Bldg Type/Location: Free Standing; Construction: Metal; Lease Provisions: 3 - 5 Years, Less than 1 Year, Renewal Option; SqFt - Total: 8719.00; Site Improvements: Outbuilding; Confidential Listing: N; % Occupancy: 100.00; Base Lease: 9615.00; Road Frontage: 347.00; Depth: 213.00; Commercial Property Name: Investment/2 Parcels; Financial Package: No; Franchise Opt In: No; Current # Tenant: 12.0000
Contract Information
Current Price: $1,050,000
Sold Price: $1,050,000
Status: Closed
Listing Contract Date: 2019-07-25
Property Sub Type: Business
Location Tax and Legal
Street Number: 1520
Street Direction Prefix: N
Street Name: Nova
Street Suffix: Road
County: Volusia
State: FL
Postal Code: 32117
MLS Area Major: 35 - Mason to LPGA E of 95
Property Features
Business Type: Auto Repair-Specialty; Auto Service; Commercial; Mixed; Professional Service; Retail; Warehouse
Construction Materials: Block; Brick; Concrete
Cooling: Central Air
Current Use: Retail
Existing Lease Type: Gross
Heating: Central
Listing Terms: Lease Option
Owner Pays: Electricity; Grounds Care; Insurance; Trash Collection; Water
Sale Includes: Building & Land
Sewer: Septic Tank
Water Source: Public
Listing Office:
Adams, Cameron & Co., Realtors (Commercial)
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.