222 S Beach Street, Daytona Beach, FL 32114 (MLS# 560774)

222 S Beach Street, Daytona Beach, FL 32114

$1,200,000

Property Type: Commercial Sale Square Footage: 12,153 Status: Closed

Current Price: $1,200,000 List Date: 7/04/2014 Last Modified: 9/28/2024

Overview

Description

100% LEASED - Nestled In the Heart of Downtown Redevelopment, The Historic Princess Building was carefully renovated to restore its grace and charm in 2000. Updated with new interior carpet and paint. Recently Painted Front Facade. Angle parking in front, large public parking lot in rear. Near main beach access roads across from City Island, Jackie Robinson Stadium and the Library. Active Redevelopment Area and Downtown Partnership. Weekly Farmers Market every Saturday across the street. Numerous downtown events.

Listing Details MLS# 560774

General Property Information

Number Of Units Total: 8
Building Area Total: 12153
Year Built: 1901
Lot Size Dimensions: 11100
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: US1 to East on Magnolia Ave. Right onto Beach St. Building on Right.
Public Remarks: 100% LEASED - Nestled In the Heart of Downtown Redevelopment, The Historic Princess Building was carefully renovated to restore its grace and charm in 2000. Updated with new interior carpet and paint. Recently Painted Front Facade. Angle parking in front, large public parking lot in rear. Near main beach access roads across from City Island, Jackie Robinson Stadium and the Library. Active Redevelopment Area and Downtown Partnership. Weekly Farmers Market every Saturday across the street. Numerous downtown events.
List Price/SqFt: 98.74
Sold Price/SqFt: 98.74

Property Features

Building Features: Elevator; Private Restroom Business Type: Commercial; Retail Construction Materials: Block; Brick; Concrete Current Use: Retail Electric: 200+ Amp Service Road Frontage Type: County Road; Highway; State Road Sale Includes: Building & Land Sewer: Public Sewer Utilities: Separate Electric Meters; Separate Water Meters Water Source: Public

Contract Information

Listing Contract Date: 2014-07-03
Property Sub Type: Business

Location Tax and Legal

Street Number: 222
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: 2016-06-01T18:20:14Z
Major Change Type: Status Change
Price Change Timestamp: 2015-08-17T20:29:01Z
Purchase Contract Date: 2016-03-31
Close Date: 2016-05-31
Close Price: 1200000

Income and Expenses

Gross Income: 141456
Net Operating Income: 107196

More Information

Historical Information

Public Historical Remarks 1: Zoning (Text): RDD1; # Parking: 200; Income/Operating Inc: Blend Rate: 107196, NOI: 107196; Meters: # Electric Meters: 10, # Water Meters: 1; SqFt - Total: 12153.00; Confidential Listing: N; % Occupancy: 90.00; Commercial Property Name: Princess Building; Financial Package: Yes; Franchise Opt In: No

Location, Tax, and Legal

Country: US
Parcel Number: 533901050041
Tax Annual Amount: 9722
Tax Year: 2013
Tax Legal Description: S 60 FT OF N 64 FT OF E 125 FT OF LOT 4 BLK 5 DAYTONA PER OR4619 PG 90 PER OR 6283 PG 3253

Currently Not Used

Year Built: 1901
Accessibility Features YN: Yes

Construction Materials

Block: Yes
Brick: Yes
Concrete: Yes

Current Use

Retail: Yes

Electric

200+ Amp Service: Yes

Road Frontage Type

County Road: Yes
Highway: Yes
State Road: Yes

Sewer

Public Sewer: Yes

Utilities

Separate Electric Meters: Yes
Separate Water Meters: Yes

Water Source

Public: Yes

Building Features

Elevator: Yes
Private Restroom: Yes

Business Type

Commercial: Yes
Retail: Yes

Sale Includes

Building & Land: Yes

Listing Office: Prudential Commercial Real Estate FL

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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