325 S Yonge Street
Ormond Beach, FL 32174

Listed at $585,000

Details

  • MLS# 1224442
  • Commercial - Business
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 0 Square Feet
  • 0.450 acres
  • Built in 1958
  • Local Schools

Description

Turn-Key Investment Opportunity - Seize this rare, income-producing asset positioned on one of Volusia County's most coveted commercial corridors. This fully leased, multi-tenant retail/office building delivers an immediate 8% cap rate -- a compelling return in today's market that's hard to find at this price point.The Numbers Work From Day One.Both units are tenant-occupied and generating steady cash flow, making this an effortless addition to any investment portfolio. No lease-up risk. No vacancy headaches. Just consistent, stabilized income in a high-visibility, high-traffic location.Prime US-1 Frontage | 21,000-23,000 Vehicles Per Day.Situated...read more directly on US Highway 1 at the signalized intersection of Division Avenue, this property commands exceptional exposure with over 21,000 average daily vehicle passes. US-1 is the economic spine of Ormond Beach -- a corridor that attracts service tenants, professional offices, and retail businesses that thrive on street-level visibility.The AssetThis well-maintained, concrete block building features two distinct tenant suites with independent entrances, ample on-site parking, and a clean, updated aesthetic that attracts quality tenants. Current tenants include a State Farm insurance office and a neighboring retail/service suite -- the kind of recession-resistant, service-based businesses that sign and renew leases.Why Ormond Beach?Ormond Beach is experiencing sustained population growth as part of the Daytona Beach MSA, with strong demand for neighborhood-serving commercial space. B-5 Service Commercial zoning allows a wide range of uses, giving future investors maximum flexibility for repositioning, re-tenanting, or long-term hold strategy.

Features

  • Central Air
  • Carpet
  • Vinyl
  • Central, Electric
  • $3,744 Taxes
  • Public
  • Built in 1958
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All Property Features

  • Property Type: Commercial - Business
  • Accessibility: Accessible Approach with Ramp
  • Business Type: Advertising, Computer, Professional Service, Professional/Office
  • Cooling: Central Air
  • Days on Site: 13
  • Directions: From Granada, turn South bound on US-1, left turn on Division Ave, the property will be on the right side in the corner of US-1 and Division Ave.
  • Exterior: Block, Concrete, Stucco
  • Flooring: Carpet, Vinyl
  • Fuel Type: Electric
  • Heating: Central, Electric
  • Lot Description: Corner Lot
  • Lot Size: 0.45 Acres
  • Parcel #: 4242-10-05-0280
  • Parking: Parking Lot
  • Property Attached Y/N: No
  • Property Sub-Type: Business
  • Road Frontage: City Street, Highway
  • Roof Type: Other
  • Sewer: Public Sewer
  • SQFT Total: 2704
  • Taxes: $3,744
  • Units: 2
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Water: Public
  • Year Built: 1958