120 E New York Ave - Storefront Retail/Office CONDO FOR SALE


Deland, FL 32724
$1,750,000 USD
386-738-3688
120 E New York Ave, Deland, FL for Sale
$1,750,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/2
null | Request Cap Rate

120 E New York Ave
Deland, FL 32724


HIGHLIGHTS

  • Tenants in place
  • Owner may consider individual sale of units
  • Prime location
  • Commercial zoning
  • Short term leases with potential upside

OVERVIEW

Your chance to own a unique neighborhood center situated in the growing community of Downtown DeLand. DeLand, Florida, is experiencing significant growth and is quickly becoming a thriving community for a variety of compelling reasons. Its strategic location, nestled between the bustling cities of Orlando and Daytona Beach, offers residents the convenience of urban amenities while maintaining a charming small-town atmosphere. DeLand boasts a rich historical heritage, with a vibrant downtown that features a wide range of unique shops, restaurants, and cultural attractions. The presence of Stetson University, a prestigious institution, has helped create an educated and diverse population, fostering innovation and a strong sense of community. The city's commitment to green spaces, parks, and recreational opportunities adds to its appeal, attracting families and outdoor enthusiasts. With a robust job market, affordable housing options, and a warm climate, DeLand is a magnet for those seeking a high quality of life, making it an ever-growing and dynamic community. Included in the sale are units A, B, C, D, E, G and H (F not included). Solid brick construction and tenants in place for all included units. Owner may consider individual sale of units.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ritter's Towne Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

13,034 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,300 SF

ZONING

C-2A

APN/PARCEL ID

7016-01-02-0020,7016-01-02-0027,7016-01-02-0029,7016-01-02-0051,7016-01-02-0052

ASK ABOUT THIS PROPERTY

J. Todd SwannSwann Real EstateMore Info
386-738-3688

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J. Todd SwannSwann Real EstateMore Info
386-738-3688

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.