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1511 S VOLUSIA AVENUE

Commercial Recently Sold
$295,000

BTC: 3.03516147

ETH: 84.76134653

Sold on: 2021-04-12
18 days
0 room(s)
1,490 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Commercial investment alert! Commercial Business/Office Space with Volusia Avenue Frontage in Orange City! Take a look at this prime 28,200 sf commercial lot centrally located directly on Volusia Avenue in Orange City! This property averages nearly 32,000 in daily car traffic! Aside from the high traffic, the property also features block construction and enough parking for 20 vehicles. The commercial space was last used as an auto repair shop and was on an annual lease of $1,700/month alone! Since that time, Orange City has continued to see huge business growth. Brand new office buildings were developed across the street on Volusia Avenue and a brand new Checkers was recently built across the street on Cedar Avenue. With some renovations, this space can easily be leased and/or subleased at $2,000/month for building two and $1,500/month for building one. Doing so would bring in $42,000 in gross income which would render a 10.65% gross cap rate.

Location

Florida • ORANGE CITY • 32763 • Commercial • Recently Sold

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1952
Lot:
0.65 Acres
Heating:
Central / Wall Units / Window Unit
Price/sqft:
$198
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Heating

    • Central

    • Wall Units / Window Unit

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Appliances

    • Refrigerator

  • Property

    • Levels: One

    Lot

    • Lot: 0.65 Acres

    Other Property Information

    • Parcel Number: 15183002000010

    • Zoning: C-1

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Mixed Use

  • Utility

    • BB/HS Internet Capable

    • Electrical Nearby

    • Private

    • Sewer Nearby

    • Water Connected

    • Water Nearby

  • Other financial information

    • Annual tax amount: $3,030

  • Source details

    • MLS ID: O5926660

    Other facts

    • Construction Materials: Block

    • Foundation Details: Crawlspace / Slab

    • Lot Features: Central Business District / Corner Lot / Oversized Lot / Sidewalk

    • Living Area: 1490

    • Subdivision Name: SPRING LAKES ADD 01

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP REALTY LLC