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Key Details
Sold Price $760,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 8,064 sqft
Price per Sqft $94
MLS Listing ID 1201005
Sold Date 11/04/24
Originating Board Daytona Beach Area Association of REALTORS®
Year Built 1986
Annual Tax Amount $5,887
Lot Size 0.680 Acres
Lot Dimensions 0.68
Property Description
Great Opportunity to buy a multi-tenant industrial building in Orange City for just over $100/Square Foot. Small industrial units are in high demand. Purchase and re-lease to market rates or convert to industrial condos. Masonry building. 8 bays, each with a restroom. Some bays combined. Area on north side of building can be used for storage with fence/screening. Fully occupied at well below market rates by 5 long term tenants. All leases expire at the end of 2024 allowing all to be brought up to current market rates. Out of state owner with limited knowledge of the property. Property could use some cleanup but in overall fair to average condition. Interior of all units may not be accessible during showings. Information herein is based on brokers limited inspection of the property and conversations with an onsite manager/tenant and current property owner.
Location
State FL
County Volusia
Direction S Volusia Avenue to East on Ohio Avenue. Property at the intersection of Leavitt Avenue and the end of Ohio Avenue.
Interior
Heating None
Exterior
Garage Parking Lot
Utilities Available Electricity Connected, Water Connected
Waterfront No
Roof Type Shingle
Parking Type Parking Lot
Building
Lot Description Other
Water Public
Structure Type Block,Concrete
Others
Senior Community No
Tax ID 8011-00-00-0104
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