1682 Providence BlvdDeltona, FL 32725
- Retail properties
- 3,140 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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