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972-754-0582
Real Estate Company
556 Mason Avenue, Daytona Beach, FL 32117
- $1,175,000
- 7,200
- SqFt
- List Price
- $1,175,000
- Status
- Active
- Days on Market
- 4
- MLS#
- O6453154
- Property Style
- Mixed Use
- Year Built
- 1953
- Living Area
- 7,200
- Lot Size
- 105,053
- Acres
- 2.41
- Total Acreage
- 2 to less than 5
- Legal Subdivision Name
- Mason & Carswells Holly Hill
- MLS Area Major
- Daytona Beach
Property Description
Commercial Real Estate Professionals, Inc. and Mark Allen, CCIM are pleased to present this stand-alone building for sale for a Direct Principal Buyer purchasing as an Investment Property with an 8.07 percent (+-) CAP RATE on a Long-Term Lease -- GREAT CASH FLOW!! This site is approved for commercial/automotive use, over 8,600(+-) SF total (Multiple buildings), and sits on over 2.4(+-) Acres with over $150,000(+-) in Renovations. The Existing Tenant has an 11-year NNN Lease currently at $7,906/month (2026), 3 percent annual escalation (excluding final year 2035). There is still over 9 years remaining on the Lease (11-year lease). The Lease is a NNN lease. Tenant pays property taxes and insurance. There is a 3 percent Annual Increases until 2034. There is no increase on the last year 2035 (rent is the same in 2035 as it is in 2034). Rent increases are in February of each year.
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Additional Information
- Taxes Annual
- $9696
- Community Features
- No Deed Restriction
- Utilities
- Electricity Available, Phone Available, Water Connected
- Air Conditioning
- Central Air
- Exterior Construction
- Block
- Foundation
- Block
- Pool
- No Pool
- Flood Zone Code
- AE
- Parcel ID
- 4244-01-34-0033
- Legal Description
- 37-15-33 W 1/4 OF LOT 1 S OF DITCH EXC ST BLK 34 MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 PER OR 4536 PG 3092 PER OR 6614 PG 4579 PER OR 8278 PG 0640 PER OR 8456 PG 2958 PER OR 8666 PG 3667
Listing courtesy of COMMERCIAL REAL ESTATE PROF IN. 407-737-9797
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