400 S atlantic Ave | Ormond Beach, FL 32176
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400 S atlantic Ave
Ormond Beach, FL 32176
Aliki Plaza | A1A Beach Side | 7.05% YR 2 · Retail Property For Sale
Investment Highlights
- Immediate Value Creation: CAM Reimbursement Corrections Drive NOI Growth to a 7.05% Cap Rate Within Year 2.
- Additional Upside: Current Average Rents at $15.73 PSF vs. Market $19.90 PSF (Per CoStar).
- Strong Demographics: 95,000+ Residents Within 5 Miles; Population Growth of 2.5% Annually.
- Below Replacement Cost: Offered at $222 Per Square Foot.
- Prime Visibility: +/- 17,800 Vehicles Per Day Along South Atlantic Avenue (A1A).
- High-Barrier-to-Entry Market: Coastal Infill Location with Limited Future Supply.
Property Facts
Property Type
Retail
Property Subtype
Building Size
29,730 SF
Building Class
C
Year Built
1984
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
2.45 AC
Zoning
Office - Office One Story
Parking
130 Spaces (4.37 Spaces per 1,000 SF Leased)
Frontage
346’ on Atlantic Ave
Amenities
- Property Manager on Site
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 4223-02-08-0090 | Improvements Assessment | $2,551,142 |
| Land Assessment | $615,315 | Total Assessment | $3,166,457 |
Property Taxes
Parcel Number
4223-02-08-0090
Land Assessment
$615,315
Improvements Assessment
$2,551,142
Total Assessment
$3,166,457
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