114 Rich AveDeland, FL 32724

Property Details for 114 Rich Ave

Year built

1962

Lot size

0.17 AC

Property size (Sq ft)

4,368 SF

Property type

Other mixed-use properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property, located at 114 E Rich Avenue in the heart of historic Downtown Deland, Florida, presents a lucrative investment opportunity. The 4,368 square foot building sits on a 0.17-acre lot and boasts two thriving storefronts and three residential apartments, all currently occupied on a month-to-month basis. Two of the apartments have undergone complete renovations, showcasing modern updates, while the third apartment offers potential for value-add improvements. Both commercial spaces are in excellent condition and benefit from consistent tenant occupancy. The property enjoys a prime location, nestled amongst active businesses and experiencing high daily foot traffic. Ample public parking is readily available nearby, adding to the convenience for both tenants and customers. The property also includes private parking for added convenience. This turnkey investment is ideal for an investor seeking immediate cash flow and long-term appreciation potential. The seller is open to financing options, including seller financing, making this an even more attractive proposition. Don't miss this chance to own a piece of thriving Downtown Deland.

Location Insight

City

Deland

County

Volusia

State

Florida

Latitude

29.0297

Longitude

-81.3028

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