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
Overview
Description
Listing Details MLS# 1104135
General Property Information
- Number Of Units Total
- Yes
- Building Area Total
- 3025
- Year Built
- 2014
- Lot Size Acres
- 0.34
- Lot Size Dimensions
- 100x150
- 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!
- List Price/SqFt
- 338.84
- Sold Price/SqFt
- 338.84
Property Features
Business Type:
Commercial; Medical; Professional Service; Professional/Office
Sale Includes:
Building & Land
Contract Information
- 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
Building Features
- Vac Off/Retail SqFt
- 3025
More Information
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
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
Business Type
- Commercial
- Yes
- Medical
- Yes
- Professional Service
- Yes
- Professional/Office
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.