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B-5 Zoning Ormond Beach 21,500 vehicles a day 305 N US Highway 1 747 SF 100% Leased Retail Building Ormond Beach, FL 32174 $549,000 ($734.94/SF) 6.82% Cap Rate



Investment Highlights
- Approximate AADT traffic count of 21,500 vehicles per day
- Large pole sign for additional business exposure
- Over 227 feet of frontage exposure for outstanding visibility
Executive Summary
Prime commercial investment opportunity with an estimated 6.82% cap rate located on highly traveled US Highway 1 in Ormond Beach with an approximate AADT traffic count of 21,500 vehicles per day and over 227 feet of frontage exposure. Conveniently located close to Granada Boulevard and just minutes from I-95, this B-5 zoned freestanding commercial office property offers excellent visibility and flexibility for a variety of commercial uses. Building area total is approximately 747 square feet per the Appraiser and situated on approximately 0.26 acres. Interior features include three flexible office spaces and a restroom. Property also offers ample well-lit parking and a large pole sign for additional business exposure. Previous reported uses have included golf cart sales and automotive sales. CURRENT BUSINESS DOES NOT CONVEY. DO NOT DISTURB TENANT. All information deemed reliable but not guaranteed and should be independently verified by buyer and buyer’s agent.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
747 SF
Building Class
C
Year Built
1957
Price
$549,000
Price Per SF
$734.94
Cap Rate
6.82%
NOI
$37,442
Percent Leased
100%
Building Height
1 Story
Zoning
B-5 - B-5 Auto Dealer Commercial
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 9
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B-5 Zoning Ormond Beach 21,500 vehicles a day | 305 N US Highway 1
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