745 Volusia AveOrange City, FL 32763

Property Details for 745 Volusia Ave

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.67 AC

Property size (Sq ft)

7,650 SF

Zone code

C1

Property type

Industrial properties

Property subtype

Other warehouses

APN

8003-00-00-0828

APU

800300000828

Description

This exceptional value-add investment opportunity presents a 7,500-square-foot retail storefront located at 745 N Volusia Ave, Orange City, FL 32763, on busy US HWY 17/92. The property, built in 1980, sits on a 23,700-square-foot lot and boasts a 100% occupancy rate with two tenants. Currently operating as a pawn shop, the space includes a 2,300-square-foot retail area and a 5,350-square-foot warehouse. The property offers significant upside potential with a current Net Operating Income (NOI) of $120,000, translating to a compelling 20.17% cap rate and a price per square foot of $79.33. The asking price is $595,000. The property features eight parking spaces and is zoned for commercial use. One-year remaining lease term is available. Inventory is negotiable for a potential buyer wishing to continue the existing pawn shop business. A partnership opportunity may also be available. This is a rare chance to acquire a multi-tenant retail property with strong cash flow and significant growth potential in a desirable location.

• Alternative Use

  Use

  Valuation

  Residential

  $1,490,504

  Hospitality

  $1,365,294

  Educational

  $1,135,908

  Medical

  $1,174,974

  Retail

  $1,766,968

Location Insight

City

Orange City

County

Volusia

State

Florida

Latitude

28.9569

Longitude

-81.2994

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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