1396 Nova RdHolly Hill, FL 32117

Property Details for 1396 Nova Rd

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.63 AC

Property size (Sq ft)

12,600 SF

Zone code

B5

Property type

Retail properties

Property subtype

Community centers

APN

5237-06-01-0020

APU

523706010020

Description

This exceptional 2,415-square-foot retail space is available for lease in Daytona Beach, Florida. Located at 1396 N Nova Rd, Holly Hill, FL 32117, near the cross street of 8th Street, this single-tenant property is part of a larger 12,600-square-foot building constructed in 1981 and extensively renovated in 2023. The space boasts a convenient location within the Daytona Beach submarket, clustered within the Orlando, Florida region. The property features ample parking with 8 spaces available. Zoned B-4, this turnkey space is ideal for a variety of retail businesses. The property's APN is 5237-06-01-0020 in Volusia County. Previously occupied by a liquor store, this space offers a fresh start with modern updates and a strong foundation for immediate occupancy. The single-story building provides easy accessibility and a functional layout. This is a rare opportunity to secure a well-located, recently renovated retail space in a thriving market. Don't miss out on this chance to establish your business in a prime Daytona Beach location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,152,826

  6.5%

  $2,910,301

  7%

  $2,702,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,544,476

  Geo Method

  $3,544,476

• Alternative Use

  Use

  Valuation

  Residential

  $2,454,948

  Hospitality

  $2,248,719

  Educational

  $1,870,908

  Medical

  $1,935,251

  Retail

  $2,910,301

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.232

Longitude

-81.0544

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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