208 S Beach Street, Daytona Beach, FL 32114
$1,300,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
10,454
Status:
Closed
Current Price:
$1,300,000
List Date:
2/28/2024
Last Modified:
9/28/2024
Description
Located in the heart of Downtown Daytona Beach, this investment property offers the new owner an ideal location with 100% occupancy and a fully renovated property with very few maintenance requirements. The area is experiencing a revival of activity due to the construction of the new Brown & Brown headquarters and the Riverfront Esplanade, spanning a mile of Intracoastal waterway.
Supplements: Investment Opportunity - Office/Retail Downtown Daytona Beach - 11 Units 100% Occupied - Value Add on Modified Gross Rents 1 Water Meter - 8 Electric Meters Fully Renovated in Late 1990's - New Roof 11/2023 New Windows in 2021 - LED Lighting - Upgraded Restrooms 6.6% Cap Rate on Existing Income 50% LTV Seller Financing Will Be Considered
More Information MLS# 1120196
General Property Information
Lot Size Acres: 0.24
Number Of Units Total: 11
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: In Downtown Daytona Beach on the West Side of South Beach Street Between E ISB and Orange Avenue
Public Remarks: Located in the heart of Downtown Daytona Beach, this investment property offers the new owner an ideal location with 100% occupancy and a fully renovated property with very few maintenance requirements. The area is experiencing a revival of activity due to the construction of the new Brown & Brown headquarters and the Riverfront Esplanade, spanning a mile of Intracoastal waterway.
Year Built: 1920
Location, Tax, and Legal
Country: US
Parcel Number: 5339-08-00-0010
Tax Annual Amount: 21565
Tax Year: 2023
Tax Legal Description: LOTS 1 2 & 3 & RIP RTS ROGERS & THOMPSON SUB & INC S 25 FT OF E 125 FT OF LOT 6 BLK 5 PER OR 4938 PG 3319 PER OR 6228 PG 4387
Zoning Description: Retail
Currently Not Used
Year Built: 1920
Current Use
Retail: 1
Business Type
Commercial: 1
Professional Service: 1
Professional/Office: 1
Retail: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): RDD-1; SqFt - Total: 16458.00; Confidential Listing: N; Franchise Opt In: No
Contract Information
Current Price: $1,300,000
Sold Price: $1,300,000
Status: Closed
Listing Contract Date: 2024-02-28
Property Sub Type: Business
Location Tax and Legal
Street Number: 208
Street Direction Prefix: S
Street Name: Beach
Street Suffix: Street
County: Volusia
State: FL
Postal Code: 32114
MLS Area Major: 32 - Daytona Beville to ISB, E of 95
Status Change Information
Major Change Timestamp: 2024-05-07T15:19:30Z
Major Change Type: Status Change
Purchase Contract Date: 2024-03-27
Close Date: 2024-05-07
Close Price: 1300000
Property Features
Business Type: Commercial; Professional Service; Professional/Office; Retail
Current Use: Retail
Sale Includes: Building & Land
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.