501 S Orange Street, New Smyrna Beach, FL 32168
$1,025,000
Property Type:
Commercial Sale
Square Footage:
3,025
Lot Size (sq. ft.):
14,810
Status:
Closed
Current Price:
$1,025,000
List Date:
12/28/2022
Last Modified:
9/28/2024
Description
NNN Investment Property in desirable New Smyrna Beach.
3,025 SF freestanding medical office building.
Sale/leaseback opportunity - Medical practice tenant with multiple Central FL locations.
New 5 year NNN lease with renewals will be signed at closing.
6.0% cap rate year one with 3% annual increases.
Functional medical floor plan; 4 exam rooms, 2 offices, 1 procedure room, 2 restrooms, large lobby, administration, breakroom, etc.
Tenant has been operating out of this location since 2014.
Freshly painted exterior and landscaping.
An excellent addition to your real estate portfolio!
More Information MLS# 1104135
General Property Information
Lot Size Acres: 0.34
Number Of Units Total: 1
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Located just east of S. Dixie Freeway and south of Lytle Avenue/S Causeway.
Public Remarks: NNN Investment Property in desirable New Smyrna Beach.
3,025 SF freestanding medical office building.
Sale/leaseback opportunity - Medical practice tenant with multiple Central FL locations.
New 5 year NNN lease with renewals will be signed at closing.
6.0% cap rate year one with 3% annual increases.
Functional medical floor plan; 4 exam rooms, 2 offices, 1 procedure room, 2 restrooms, large lobby, administration, breakroom, etc.
Tenant has been operating out of this location since 2014.
Freshly painted exterior and landscaping.
An excellent addition to your real estate portfolio!
Building Area Total: 3025
Lot Size Dimensions: 100x150
List Price/SqFt: 338.84
Sold Price/SqFt: 338.84
Year Built: 2014
Location, Tax, and Legal
Country: US
Parcel Number: 7441-38-24-3070
Tax Annual Amount: 7784
Tax Year: 2021
Tax Legal Description: LOTS 307 & 308 BLK 24 ANDREWS NEW SMYRNA PER OR 6877 PG 3706
Currently Not Used
Year Built: 2014
Building Features
Vac Off/Retail SqFt: 3025
Business Type
Commercial: 1
Medical: 1
Professional Service: 1
Professional/Office: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): B-6; Bldg Type/Location: Free Standing; SqFt - Total: 3025.00; Confidential Listing: N; Commercial Property Name: NNN Medical Office; Franchise Opt In: No
Contract Information
Current Price: $1,025,000
Sold Price: $1,025,000
Status: Closed
Listing Contract Date: 2022-12-28
Property Sub Type: Business
Location Tax and Legal
Street Number: 501
Street Direction Prefix: S
Street Name: Orange
Street Suffix: Street
County: Volusia
State: FL
Postal Code: 32168
MLS Area Major: 70 - New Smyrna Beach E of 95
Status Change Information
Major Change Timestamp: 2023-05-31T20:00:25Z
Major Change Type: Status Change
Purchase Contract Date: 2023-05-31
Close Date: 2023-05-31
Close Price: 1025000
Property Features
Business Type: Commercial; Medical; Professional Service; Professional/Office
Sale Includes: Building & Land
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.