856 Mason AveDaytona Beach, FL 32117
- Industrial properties
- 5,556 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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