2 Baths
2,704 SqFt
2 Baths
2,704 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 2,704 sqft
Price per Sqft $216
Subdivision Rio Vista Gardens
MLS Listing ID 1224442
Year Built 1958
Annual Tax Amount $3,744
Lot Size 0.450 Acres
Lot Dimensions 0.45
Property Sub-Type Business
Source Daytona Beach Area Association of REALTORS®
Property Description
The Numbers Work From Day One.
Both units are tenant-occupied and generating steady cash flow, making this an effortless addition to any investment portfolio. No lease-up risk. No vacancy headaches. Just consistent, stabilized income in a high-visibility, high-traffic location.
Prime US-1 Frontage | 21,000-23,000 Vehicles Per Day.
Situated directly on US Highway 1 at the signalized intersection of Division Avenue, this property commands exceptional exposure with over 21,000 average daily vehicle passes. US-1 is the economic spine of Ormond Beach -- a corridor that attracts service tenants, professional offices, and retail businesses that thrive on street-level visibility.
The Asset
This well-maintained, concrete block building features two distinct tenant suites with independent entrances, ample on-site parking, and a clean, updated aesthetic that attracts quality tenants. Current tenants include a State Farm insurance office and a neighboring retail/service suite -- the kind of recession-resistant, service-based businesses that sign and renew leases.
Why Ormond Beach?
Ormond Beach is experiencing sustained population growth as part of the Daytona Beach MSA, with strong demand for neighborhood-serving commercial space. B-5 Service Commercial zoning allows a wide range of uses, giving future investors maximum flexibility for repositioning, re-tenanting, or long-term hold strategy.
Location
State FL
County Volusia
Community Rio Vista Gardens
Direction From Granada, turn South bound on US-1, left turn on Division Ave, the property will be on the right side in the corner of US-1 and Division Ave.
Interior
Heating Central, Electric
Cooling Central Air
Exterior
Parking Features Parking Lot
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
Roof Type Other
Accessibility Accessible Approach with Ramp
Building
Lot Description Corner Lot
Water Public
Structure Type Block,Concrete,Stucco
Others
Senior Community No
Tax ID 4242-10-05-0280
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