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
Overview
Description
Supplements:
Listing Details MLS# 1028952
General Property Information
- Building Area Total
- 5910
- Year Built
- 1954
- 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!
- List Price/SqFt
- 150.59
- Sold Price/SqFt
- 137.06
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
Contract Information
- 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
Building Features
- Ceiling Eve Height
- 11 - 14 Feet High
More Information
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
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
- Yes
- Year Built
- 1954
Construction Materials
- Block
- Yes
- Concrete
- Yes
Cooling
- Central Air
- Yes
Current Use
- Residential
- Yes
- Retail
- Yes
Heating
- Central
- Yes
- Electric
- Yes
Listing Terms
- Lease Option
- Yes
Owner Pays
- Common Area Maintenance
- Yes
- Insurance
- Yes
- Security
- Yes
- Trash Collection
- Yes
- Water
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Other
- Yes
Utilities
- Natural Gas Available
- Yes
- Separate Electric Meters
- Yes
- Separate Water Meters
- Yes
Water Source
- Public
- Yes
Business Type
- Bar/Tavern/Lounge
- Yes
- Commercial
- Yes
- Residential
- Yes
- Restaurant
- Yes
- Retail
- Yes
Existing Lease Type
- NNN
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
Adams, Cameron & Co., Realtors (Commercial)
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.