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:
Pending
Current Price:
$810,262
List Date:
4/08/2026
Last Modified:
4/23/2026
Overview
Description
Listing Details MLS# 1225011
General Property Information
- Number Of Units Total
- 4
- Building Area Total
- 6725
- Year Built
- 1978
- Lot Size Acres
- 2.47
- Land Lease YN
- No
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- Stories Total
- Yes
- 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.
- List Price/SqFt
- 120.49
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
Contract Information
- 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
- 2026-04-23T18:21:54Z
- Major Change Type
- Status Change
- Purchase Contract Date
- 2026-04-21
Building Features
- Development Name
- Melrose Plaza
More Information
Unit 1 Details
- Unit ID
- 401
- Unit SqFt
- 2400
- # Units (This Type)
- Yes
- Furnished
- Unfurnished
- Unit Remarks
- Convenience Store
- Annual Rent
- 0
Unit 2 Details
- Unit ID
- 403
- Unit SqFt
- 2400
- # Units (This Type)
- Yes
- Furnished
- Unfurnished
- Unit Remarks
- Restaurant
- Annual Rent
- 0
Unit 3 Details
- Unit ID
- 409
- Unit SqFt
- 800
- # Units (This Type)
- 2
- Furnished
- Unfurnished
- Unit Remarks
- Nail Salon
- Annual Rent
- 0
Unit 4 Details
- Unit ID
- 411
- Unit SqFt
- 840
- # Units (This Type)
- Yes
- Furnished
- Unfurnished
- Unit Remarks
- Class Act
- Annual Rent
- 0
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
- Yes
Cooling
- Central Air
- Yes
Current Use
- Retail
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Corner Lot
- Yes
- Irregular Lot
- Yes
Parking Features
- Parking Lot
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- Highway
- Yes
Roof
- Flat Tile
- Yes
- Membrane
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Business Type
- Retail
- Yes
Existing Lease Type
- NNN
- Yes
Location
- Shopping Center
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
Coldwell Banker Commercial Benchmark
Last Updated: April - 23 - 2026
Information deemed reliable but not guaranteed.