1601 Woodland BlvdDeLand, FL 32724

Property Details for 1601 Woodland Blvd

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.91 AC

Property size (Sq ft)

1,593 SF

Zone code

C2

Property type

Retail properties

Property subtype

Drive through restaurants

APN

6033-06-01-0010

APU

603306010010

Description

This exceptional 39,640-square-foot retail property, located at 1601 N Woodland Blvd in DeLand, Florida (32724), presents a unique investment opportunity. The vacant site, formerly a Sonic Drive-In, sits on a 0.91-acre lot and boasts a prime location on a heavily trafficked road, experiencing approximately 30,000 cars daily. Its strategic placement among established national franchises like Chili's, Walmart, and Zaxby's ensures high visibility and consistent foot traffic. The area is experiencing significant growth, with recent additions such as a Hampton Inn across the street and a new Culver's, along with upcoming developments including a Chipotle and Starbucks near existing businesses like Planet Fitness and McDonald's. The property features existing plumbing and electricity. The building and appliances are sold "as is." The property is zoned C-2 (City of DeLand) and was built in 2003. The asking price is $975,000, translating to a land value of $20.06 per square foot. This presents a compelling opportunity to capitalize on the burgeoning DeLand market and establish a thriving retail presence.

• CAP approach

  CAP return

  Valuation

  6%

  $398,607

  6.5%

  $367,945

  7%

  $341,663

• Comparable approach

  Method

  Valuation

  Relative Method

  $448,123

  Geo Method

  $448,123

• Alternative Use

  Use

  Valuation

  Residential

  $310,376

  Hospitality

  $284,302

  Educational

  $236,536

  Medical

  $244,671

  Retail

  $367,945

Location Insight

City

Deland

County

Volusia

State

Florida

Latitude

29.0576

Longitude

-81.3039

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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