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Key Details
Sold Price $4,400,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Not Assigned
MLS Listing ID FC270390
Sold Date 12/21/21
HOA Y/N No
Originating Board Flagler
Year Built 2000
Annual Tax Amount $68,216
Lot Size 4.630 Acres
Acres 4.63
Property Description
INVESTMENT ALERT!! Lumber Liquidators Plaza - An in place 7.4% CAP Rate at full price with plenty of upside. 42 Tenants including 2 National tenants at the signalized intersection of Nova and 15th Retail - Office - Showroom - warehouse- flex- Tenant mix remained open during COVID with a variety of essential home improvement, retail, and office tenants with below-market rents for future upside. Perfectly positioned between Daytona and Ormond. 16-year owner can deliver unencumbered so, great 1031 Candidate. Below replacement $135 per square foot, this property will move quickly!
Location
State FL
County Volusia
Community Not Assigned
Zoning OUT/CNTY
Interior
Interior Features Other
Heating Central, Electric
Cooling Central Air, Other, Zoned
Flooring Other
Exterior
Garage Other, Over 30 Spaces, Oversized
Roof Type Metal
Parking Type Other, Over 30 Spaces, Oversized
Building
Lot Description Central Business District, Corner Lot, Other, Oversized Lot, Shopping Center
Story 1
Entry Level Multi/Split, One
Lot Size Range 2 to less than 5
Sewer Public Sewer
Water Public
Structure Type Block, Concrete, Metal Frame, Other
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Bought with EXPERT REALTY GROUP
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