856 Mason AveDaytona Beach, FL 32117

  • Industrial properties
  • 5,556 SF
For Sale
$899,900 View listing

Property Details for 856 Mason Ave

Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.48 AC
Property size (Sq ft)
5,556 SF
Property type
Industrial properties
Property subtype
Manufacturing properties
APN
4244-01-33-0046
APU
424401330046

Description

This exceptional Daytona Beach, FL, commercial property portfolio presents a compelling investment opportunity. The offering encompasses three parcels totaling over 2.17 acres, featuring two buildings and a significant vacant lot. A 15,680 sq ft vacant lot, zoned BR-2, sits at the corner of Tomoka Rd and Mason Ave, ripe for development. The second parcel, spanning 1.33 acres, houses a fully occupied office building with BR-2 zoning in the front and M1 zoning in the rear. The third parcel offers approximately 6,000 sq ft of warehouse/manufacturing and office space, currently housing a sheet metal business (vacating upon sale) and two additional rental spaces, with one vacancy. This parcel has BA zoning in the front and M1 zoning in the rear. The property boasts a total of eight units across two buildings, currently occupied by six tenants generating $3,175 in gross monthly rent. Each unit has individual electric meters, with one water meter for the office building and three for the warehouse. This portfolio is ideal for an owner-user seeking immediate income and redevelopment potential, situated in a high-growth area of Volusia County with a high traffic count (19,600 AADT). The property includes multiple commercial zonings (BR-2, BA, M1), offering significant flexibility and upside potential. The APNs are 4244-01-33-0046, 5237-25-01-0080, and 5237-25-01-0010. The asking price is $899,900.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,165,223
    Hospitality
    $1,067,338
    Educational
    $888,013
    Medical
    $918,553
    Retail
    $1,381,353
856 Mason Ave, Daytona Beach, Florida

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.2218
Longitude
-81.0436
CBSA code
19660
CBSA name
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,952
$89,250
$75,425
$164,675
-
$89,250
$75,425
$164,675

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