401 N Us Highway 1, Ormond Beach, FL 32174
$810,262
Property Type:
Commercial Sale
Square Footage:
6,725
Lot Size (sq. ft.):
107,593
Status:
Active
Current Price:
$810,262
List Date:
4/08/2026
Last Modified:
4/08/2026
Description
Introducing a prime retail investment opportunity located at 401 U.S. 1, Ormond Beach, FL. This well-maintained 7,085 SF building, featuring 4 units, is ideally positioned for discerning retail investors. Built in 1978 and tastefully renovated in 2005, the property is 100% occupied, ensuring immediate rental income. The property has a 2024 roof, rebuilt and replaced backflows, new paint and sits on a large lot with expansion possibilities. Zoned B-8 and located in vibrant Ormond Beach, this property offers a lucrative proposition for those seeking a solid retail/street retail investment. With its strong occupancy and strategic location, this property represents a compelling asset in the thriving commercial real estate market. Contact Listing agents for financial information.
More Information MLS# 1225011
General Property Information
Lot Size Acres: 2.47
Number Of Units Total: 4
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Senior Community YN: No
Directions: Corner of N US Hwy 1 and Melrose Avenue
Public Remarks: Introducing a prime retail investment opportunity located at 401 U.S. 1, Ormond Beach, FL. This well-maintained 7,085 SF building, featuring 4 units, is ideally positioned for discerning retail investors. Built in 1978 and tastefully renovated in 2005, the property is 100% occupied, ensuring immediate rental income. The property has a 2024 roof, rebuilt and replaced backflows, new paint and sits on a large lot with expansion possibilities. Zoned B-8 and located in vibrant Ormond Beach, this property offers a lucrative proposition for those seeking a solid retail/street retail investment. With its strong occupancy and strategic location, this property represents a compelling asset in the thriving commercial real estate market. Contact Listing agents for financial information.
Building Area Total: 6725
Stories Total: 1
Land Lease YN: No
List Price/SqFt: 120.49
Year Built: 1978
Location, Tax, and Legal
Country: US
Parcel Number: 4240-03-11-0120
Tax Annual Amount: 10789.2
Tax Year: 2025
Tax Legal Description: LOT 11 EXC E 10 FT & LOTS 12 TO 24 INC & W 15 FT ON N/L OF LOT 25 & PART OF LOT 26 BLK 11 & INC S 1/2 VAC GREENWOOD AVE ADJ PER RB 141 PG 164 EXC PT IN HWY ORMOND TERR ANNEX PER OR 4990 PG 2601-2608 INC
Zoning Description: Retail
Currently Not Used
Year Built: 1978
Building Name: Melrose Plaza
Construction Materials
Block: 1
Cooling
Central Air: 1
Current Use
Retail: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Irregular Lot: 1
Parking Features
Parking Lot: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Highway: 1
Roof
Flat Tile: 1
Membrane: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 401
Annual Rent: 0
Unit SqFt: 2400
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Convenience Store
Unit 2 Details
Unit ID: 403
Annual Rent: 0
Unit SqFt: 2400
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Restaurant
Unit 3 Details
Unit ID: 409
Annual Rent: 0
Unit SqFt: 800
# Units (This Type): 2
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Nail Salon
Unit 4 Details
Unit ID: 411
Annual Rent: 0
Unit SqFt: 840
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Class Act
Water Source
Public: 1
Building Features
Development Name: Melrose Plaza
Business Type
Retail: 1
Existing Lease Type
NNN: 1
Location
Shopping Center: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $810,262
List Price: $810,262
Status: Active
Listing Contract Date: 2026-04-07
Property Sub Type: Retail
Location Tax and Legal
Street Number: 401
Street Direction Prefix: N
Street Name: Us Highway 1
County: Volusia
State: FL
Postal Code: 32174
MLS Area Major: 44 - Ormond N of 40, S Tomoka River, E of US1
Status Change Information
Major Change Timestamp: 2026-04-08T15:29:38Z
Major Change Type: New Listing
Property Features
Business Type: Retail
Construction Materials: Block
Cooling: Central Air
Current Use: Retail
Existing Lease Type: NNN
Listing Terms: Cash; Conventional
Location: Shopping Center
Lot Features: Corner Lot; Irregular Lot
Parking Features: Parking Lot
Possession: Close Of Escrow
Road Frontage Type: Highway
Roof: Flat Tile; Membrane
Sale Includes: Building & Land
Sewer: Public Sewer
Water Source: Public
Listing Office:
Coldwell Banker Commercial Benchmark
Last Updated: April - 08 - 2026
Information deemed reliable but not guaranteed.