3418 S ATLANTIC Avenue, Daytona Beach Shores, FL 32118
$950,000
Property Type:
Commercial Sale
Square Footage:
2,794
Status:
Closed
Current Price:
$950,000
List Date:
11/11/2016
Last Modified:
9/28/2024
Description
Absolute NNN National Chain Restaurant Investment Property. 7% CAP Rate bsed on last 3 years with Corporate Guarantee and base rent plus %. Excellent location with
high traffic count of 13,000 AADT. Highly visible on A1A; the beachside commercial artery. This location has been Burger King for over 25 years. Property underwent a $250K renovation in 2008. Full info package available. OPERATING BUSINESS - DO NOT DISTURB EMPLOYEES - SHOWN BY APPOINTMENT ONLY
DO NOT DISTURB EMPLOYEES - SHOWN BY APPOINTMENT ONLY
More Information MLS# 1022516
General Property Information
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Public Remarks: Absolute NNN National Chain Restaurant Investment Property. 7% CAP Rate bsed on last 3 years with Corporate Guarantee and base rent plus %. Excellent location with
high traffic count of 13,000 AADT. Highly visible on A1A; the beachside commercial artery. This location has been Burger King for over 25 years. Property underwent a $250K renovation in 2008. Full info package available. OPERATING BUSINESS - DO NOT DISTURB EMPLOYEES - SHOWN BY APPOINTMENT ONLY
DO NOT DISTURB EMPLOYEES - SHOWN BY APPOINTMENT ONLY
Building Area Total: 2794
Lot Size Dimensions: 150x130
List Price/SqFt: 366.86
Sold Price/SqFt: 340.01
Year Built: 1989
Location, Tax, and Legal
Country: US
Parcel Number: 5335-03-06-0050
Tax Annual Amount: 8729
Tax Year: 2015
Tax Legal Description: LOTS 4 5 & 6 BLK F PORT ORANGE BEACH MB 4 PG 130 OR MB 15 PG 64 EXC E 20 FT IN A1A PER OR 3278 PG 0447 PER OR 6364 PG 4801
Currently Not Used
Year Built: 1989
Construction Materials
Block: 1
Concrete: 1
Current Use
Retail: 1
Road Frontage Type
Other: 1
Roof
Metal: 1
Business Type
Commercial: 1
Restaurant: 1
Retail: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): GC-1; Bldg Type/Location: Free Standing; Parking: Paved; SqFt - Total: 2794.00; Confidential Listing: N; Road Frontage: 150.00; Franchise Opt In: No
Contract Information
Current Price: $950,000
Sold Price: $950,000
Status: Closed
Listing Contract Date: 2016-11-11
Property Sub Type: Business
Location Tax and Legal
Street Number: 3418
Street Direction Prefix: S
Street Name: ATLANTIC
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32118
MLS Area Major: 13 - Beachside, N of Dunlawton & S Silver
Status Change Information
Major Change Timestamp: 2017-05-11T19:23:52Z
Major Change Type: Status Change
Price Change Timestamp: 2017-02-08T17:53:31Z
Purchase Contract Date: 2017-03-06
Close Date: 2017-05-10
Close Price: 950000
Property Features
Business Type: Commercial; Restaurant; Retail
Construction Materials: Block; Concrete
Current Use: Retail
Road Frontage Type: Other
Roof: Metal
Sale Includes: Building & Land
Listing Office:
Realty Pros Commercial
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.