1682 Providence BlvdDeltona, FL 32725

  • Retail properties
  • 3,140 SF
For Sale
$630,000 View listing

Property Details for 1682 Providence Blvd

Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.36 AC
Property size (Sq ft)
3,140 SF
Zone code
B
Property type
Retail properties
Property subtype
Drive through restaurants
APN
8130-14-07-0620
APU
813014070620

Description

This mixed-use property in Deltona, Florida, presents a compelling investment opportunity. Located at 1682 Providence Blvd, 32725, this 3,520 square foot shopping center sits on a 0.36-acre lot and boasts 11 parking spaces. The property features a 1,500 square foot unit currently leased to Little Caesars under a 20-year lease expiring November 1, 2025, generating immediate income. An additional 1,600 square foot unit is available, previously set up as a restaurant, offering flexibility for expansion or new tenancy. The center benefits from high visibility on Providence Blvd, experiencing approximately 10,000 vehicles daily. Built in 1995, the property is zoned 01B and offers a net rentable area of 3,140 square feet. The asking price is $630,000. This owner/user investment opportunity is ideal for expanding portfolios or launching new ventures in the rapidly growing Deltona market. Financial details are available upon execution of a non-disclosure agreement.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $785,704
    6.5%
    $725,265
    7%
    $673,461
  • Comparable approach

    Method
    Valuation
    Relative Method
    $883,306
    Geo Method
    $883,306
  • Alternative Use

    Use
    Valuation
    Residential
    $611,789
    Hospitality
    $560,395
    Educational
    $466,242
    Medical
    $482,277
    Retail
    $725,265
1682 Providence Blvd, Deltona, Florida

Location Insight

City
Deltona
County
Volusia
State
Florida
Latitude
28.9063
Longitude
-81.227
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
$8,559
$79,245
$341,669
$420,914
-
$79,245
$341,669
$420,914

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