4641 Clyde Morris Boulevard 204-207, Port Orange, FL 32129
$1,200,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
1,742
Status:
Closed
Current Price:
$1,200,000
List Date:
6/22/2023
Last Modified:
9/28/2024
Description
Welcome to this exceptional income-producing commercial property in the heart of thriving Port Orange, Florida. This fully leased, beautifully maintained Key West-style condominium, this property is enhanced by the fact that it has a long-term tenant in place, with multiple years remaining on the current lease.
The property's longevity and stability are further solidified by the presence of a trusted and established tenant committed to the space for the foreseeable future. This provides you, as the investor, with peace of mind and the assurance of consistent rental income.
You can enjoy immediate cash flow with this absolute NNN lease with no expense to owner & 3% annual increases ensuring a hassle-free investment experience.
Supplements: Inside, the interiors are thoughtfully designed and well-appointed, reflecting the coastal ambiance of the area. Port Orange is a thriving community with a strong local economy and a growing population. The city's strategic location, coupled with its vibrant lifestyle and natural beauty, make it an enticing destination for residents and tourists alike. Investing in this income-producing commercial property offers a rare opportunity to capitalize on the success of Port Orange while enjoying a healthy 6.5% cap rate. Don't miss out on this chance to secure a lucrative investment in one of Florida's most sought-after locations.
More Information MLS# 1110747
General Property Information
Lot Size Acres: 0.04
Number Of Units Total: 4
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: SE Corner Herbert and Clyde Morris
Public Remarks: Welcome to this exceptional income-producing commercial property in the heart of thriving Port Orange, Florida. This fully leased, beautifully maintained Key West-style condominium, this property is enhanced by the fact that it has a long-term tenant in place, with multiple years remaining on the current lease.
The property's longevity and stability are further solidified by the presence of a trusted and established tenant committed to the space for the foreseeable future. This provides you, as the investor, with peace of mind and the assurance of consistent rental income.
You can enjoy immediate cash flow with this absolute NNN lease with no expense to owner & 3% annual increases ensuring a hassle-free investment experience.
Year Built: 2006
Location, Tax, and Legal
Country: US
Parcel Number: 6308-29-02-2040
Tax Annual Amount: 13220.28
Tax Year: 2022
Tax Legal Description: UNIT 204 BLDG 2 GULFSTREAM VILLAGE CONDO PER OR 5177 PG 4054 PER OR 5620 PG 4285 PER OR 6229 PG 1227
UNIT 205 BLDG 2 GULFSTREAM VILLAGE CONDO PER OR 5177 PG 4054 PER OR 5620 PG 4285 PER OR 6229 PG 1227
UNIT 206 BLDG 2 GULFSTREAM VILLAGE CONDO PER OR 5177 PG 4054 PER OR 5620 PG 4285 PER OR 6229 PG 1227
UNIT 207 BLDG 2 GULFSTREAM VILLAGE CONDO PER OR 5177 PG 4054 PER OR 5620 PG 4285 PER OR 6229
Currently Not Used
Unit Number: 204-207
Year Built: 2006
Construction Materials
Stucco: 1
Cooling
Central Air: 1
Current Use
Office: 1
Heating
Central: 1
Road Frontage Type
City Street: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Building Features
Ceiling Eve Height: 7 - 10 Feet High
Kitchen Facilities: 1
Private Restroom: 1
Public Restroom: 1
Showroom: 1
Business Type
Business Park: 1
Commercial: 1
Professional Service: 1
Professional/Office: 1
Existing Lease Type
NNN: 1
Location
Commerce Park: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): CC; Bldg Type/Location: Attached; Income/Operating Inc: Annual Escalation: 3; Parking: Paved; SqFt - Total: 6302.00; Site Improvements: Curb/Sidewalks; Confidential Listing: N; % Occupancy: 100.00; Financial Package: Yes; Franchise Opt In: No
Contract Information
Current Price: $1,200,000
Sold Price: $1,200,000
Status: Closed
Listing Contract Date: 2023-06-22
Property Sub Type: Business
Location Tax and Legal
Street Number: 4641
Street Name: Clyde Morris
Street Suffix: Boulevard
County: Volusia
State: FL
Postal Code: 32129
MLS Area Major: 24 - Port Orange N of Dunlawton, E of 95
Status Change Information
Major Change Timestamp: 2023-08-28T17:18:17Z
Major Change Type: Status Change
Purchase Contract Date: 2023-07-10
Close Date: 2023-08-28
Close Price: 1200000
Property Features
Building Features: Kitchen Facilities; Private Restroom; Public Restroom; Showroom
Business Type: Business Park; Commercial; Professional Service; Professional/Office
Construction Materials: Stucco
Cooling: Central Air
Current Use: Office
Existing Lease Type: NNN
Heating: Central
Location: Commerce Park
Road Frontage Type: City Street
Sale Includes: Building & Land
Sewer: Public Sewer
Water Source: Public
Listing Office:
Realty Pros Commercial
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.