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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

Overview

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

Listing Details MLS# 1120196

General Property Information

Number Of Units Total
11
Year Built
1920
Lot Size Acres
0.24
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.

Property Features

Business Type: Commercial; Professional Service; Professional/Office; Retail Current Use: Retail Sale Includes: Building & Land

Contract Information

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

Historical Information

Public Historical Remarks 1
Zoning (Text): RDD-1; SqFt - Total: 16458.00; Confidential Listing: N; Franchise Opt In: No

More Information

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
Yes

Business Type

Commercial
Yes
Professional Service
Yes
Professional/Office
Yes
Retail
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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