550 Seabreeze Boulevard 1, Daytona Beach, FL 32118
$810,000
Property Type:
Commercial Sale
Square Footage:
5,910
Status:
Closed
Current Price:
$810,000
List Date:
5/04/2017
Last Modified:
9/28/2024
Description
Don' t miss this investment opportunity! COMMERCIAL BUILDING with long term tenant for sale in the heart of the Entertainment District of Daytona Beach. Desirable corner building only 2 blocks from the beach and close to Ocean Center and other major Daytona Beach HotSpots! Current tenant has a Triple Net Lease and is willing to negotiate extended terms with new owner. The 7% Cap Rate makes this a prime investment in a Entertainment area with commitments from the current business owner that has been operating in the area since 1999. They have been at this location since 2009! BUSINESS IS NOT FOR SALE! Please do not inquire about this opportunity with current business owners or staff at the place of business!
Supplements: Call the Listing Agent(s) to arrange an appointment to tour the building. Tours must be scheduled during non-business hours, before 3 pm daily.
More Information MLS# 1028952
General Property Information
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: A1A (Atlantic Ave) south from ISB Left first block on south side
Public Remarks: Don' t miss this investment opportunity! COMMERCIAL BUILDING with long term tenant for sale in the heart of the Entertainment District of Daytona Beach. Desirable corner building only 2 blocks from the beach and close to Ocean Center and other major Daytona Beach HotSpots! Current tenant has a Triple Net Lease and is willing to negotiate extended terms with new owner. The 7% Cap Rate makes this a prime investment in a Entertainment area with commitments from the current business owner that has been operating in the area since 1999. They have been at this location since 2009! BUSINESS IS NOT FOR SALE! Please do not inquire about this opportunity with current business owners or staff at the place of business!
Building Area Total: 5910
List Price/SqFt: 150.59
Sold Price/SqFt: 137.06
Year Built: 1954
Location, Tax, and Legal
Country: US
Parcel Number: 5305-32-00-5500
Tax Annual Amount: 4247
Tax Year: 2016
Tax Legal Description: UNIT 550 550 SEABREEZE CONDOMINIUM PER OR 5858 PG 0308 PER OR 5937 PG 2309 PER OR 6558 PG 4692
Zoning Description: Retail
Currently Not Used
Unit Number: 1
Year Built: 1954
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Current Use
Residential: 1
Retail: 1
Heating
Central: 1
Electric: 1
Listing Terms
Lease Option: 1
Owner Pays
Common Area Maintenance: 1
Insurance: 1
Security: 1
Trash Collection: 1
Water: 1
Road Frontage Type
City Street: 1
Roof
Other: 1
Utilities
Natural Gas Available: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Water Source
Public: 1
Building Features
Ceiling Eve Height: 11 - 14 Feet High
Business Type
Bar/Tavern/Lounge: 1
Commercial: 1
Residential: 1
Restaurant: 1
Retail: 1
Existing Lease Type
NNN: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Lease Provisions: 3 - 5 Years, Renewal Option; Meters: # Electric Meters: 1, # Water Meters: 1; Parking: Lighted; SqFt - Total: 2979.00; Confidential Listing: N; % Occupancy: 100.00; Commercial Property Name: 550 Seabreeze; Franchise Opt In: No
Contract Information
Current Price: $810,000
Sold Price: $810,000
Status: Closed
Listing Contract Date: 2017-05-01
Property Sub Type: Business
Location Tax and Legal
Street Number: 550
Street Name: Seabreeze
Street Suffix: Boulevard
County: Volusia
State: FL
Postal Code: 32118
MLS Area Major: 14 - Daytona Peninsula S of Seabreeze
Status Change Information
Major Change Timestamp: 2017-08-04T16:43:11Z
Major Change Type: Status Change
Purchase Contract Date: 2017-06-07
Close Date: 2017-07-28
Close Price: 810000
Property Features
Business Type: Bar/Tavern/Lounge; Commercial; Residential; Restaurant; Retail
Construction Materials: Block; Concrete
Cooling: Central Air
Current Use: Residential; Retail
Existing Lease Type: NNN
Heating: Central; Electric
Listing Terms: Lease Option
Owner Pays: Common Area Maintenance; Insurance; Security; Trash Collection; Water
Road Frontage Type: City Street
Roof: Other
Sale Includes: Building & Land
Utilities: Natural Gas Available; Separate Electric Meters; Separate Water Meters
Water Source: Public
Listing Office:
Adams, Cameron & Co., Realtors (Commercial)
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.