501 N Grandview Ave - Medical FOR SALE


Daytona Beach, FL 32118
$3,250,000 USD
386-999-1762
501 N Grandview Ave, Daytona Beach, FL for Sale
$3,250,000 USD
Medical - FOR SALE
1/78
null | Request Cap Rate

501 N Grandview Ave
Daytona Beach, FL 32118


HIGHLIGHTS

  • In addition to office and retail, BR-2 zoning has wide range of uses for redevelopment such as hotel, multi-family, medical office, mixed-use multi-st
  • Located in the heart of the World's Most Famous Beach (Daytona Beach, FL) with easy access to beachside shopping and hotels.
  • Nearby the Daytona Lagoon, Daytona Beach Bandshell, and the Ocean Convention Center, and several 4-star hotels including the Daytona Grande Oceanfront

OVERVIEW

Listed for only $82/square foot! Owner financing available to qualified buyers. Currently, 22.5% occupied with space available. Excellent opportunity for an office user to occupy a portion of the building and offset costs with rental income in the building. For investors, add tenants and collect rent while you wait to redevelop the 2.23 acres of prime beachside land. Concrete block construction. 150 +/- parking spaces (currently has rental income from parking). Recent capital expenditures include: $90K TPO roof and $80K HVAC upgrades.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$75 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

BR-2

APN/PARCEL ID

5305-01-36-0050

ASK ABOUT THIS PROPERTY

Michael BaxterSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-999-1762

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

Michael BaxterSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-999-1762

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