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410 W Beresford Ave 3,857 SF Retail Building Deland, FL 32720 $149,900 ($38.86/SF) 14.93% Cap Rate
Investment Highlights
- Great for a Bar or Grille
- Former Biker Bar
- Block Construction
Executive Summary
Seller says SELL! DRASTICALLY REDUCED! POTENTIAL 15% CAP REATE!! Perfect facility & location for BBQ or other restaurant, bar & grill, sports bar, catering kitchen, event venue, club, or convert to other uses - retail, commercial, office. Original BBQ pits are intact. The adjacent vacant lot is included which increases the overall lot area to over 1/4 acre. The vacant lot could be used for extra parking now or maybe business/building expansion with proper zoning change approvals & permitting. Buyer should satisfy themselves for uses, expansion & verifying adjacent lot details. Great location directly across from Edith I. Starke Elementary School. Possible 10+ cap rate. Needs renovations.
From I-4 W take the FL-44 W/E New York Ave exit. Follow FL-44 & take slight left onto E Voorhis Ave. Go about 0.6 mi then turn left onto S Blue Lk Ave. Go about 0.7 mi then turn right onto E Beresford Ave. Destination will be on the left in about 2.1 mi. 410 W Beresford Ave. Deland, FL
From I-4 W take the FL-44 W/E New York Ave exit. Follow FL-44 & take slight left onto E Voorhis Ave. Go about 0.6 mi then turn left onto S Blue Lk Ave. Go about 0.7 mi then turn right onto E Beresford Ave. Destination will be on the left in about 2.1 mi. 410 W Beresford Ave. Deland, FL
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$28,130
|
$7.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,813
|
$0.73
|
| Effective Gross Income |
$25,317
|
$6.56
|
| Taxes |
$1,740
|
$0.45
|
| Operating Expenses |
$1,200
|
$0.31
|
| Total Expenses |
$2,940
|
$0.76
|
| Net Operating Income |
$22,377
|
$5.80
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $28,130 |
| Annual Per SF | $7.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,813 |
| Annual Per SF | $0.73 |
| Effective Gross Income | |
|---|---|
| Annual | $25,317 |
| Annual Per SF | $6.56 |
| Taxes | |
|---|---|
| Annual | $1,740 |
| Annual Per SF | $0.45 |
| Operating Expenses | |
|---|---|
| Annual | $1,200 |
| Annual Per SF | $0.31 |
| Total Expenses | |
|---|---|
| Annual | $2,940 |
| Annual Per SF | $0.76 |
| Net Operating Income | |
|---|---|
| Annual | $22,377 |
| Annual Per SF | $5.80 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,857 SF
Building Class
C
Year Built
1955
Price
$149,900
Price Per SF
$38.86
Cap Rate
14.93%
NOI
$22,377
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.27 AC
Zoning
05R4 - Business or Retail Uses, Restaurant, Residential
Frontage
Amenities
- Corner Lot
- Restaurant
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
20/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7020-07-01-0600 | Total Assessment | $116,435 (2026) |
| Land Assessment | $23,360 (2026) | Annual Taxes | $1,740 ($0.45/SF) |
| Improvements Assessment | $93,075 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
7020-07-01-0600
Land Assessment
$23,360 (2026)
Improvements Assessment
$93,075 (2026)
Total Assessment
$116,435 (2026)
Annual Taxes
$1,740 ($0.45/SF)
Tax Year
2025
Contacts
-
Thomas Hammond -
Jackson Hammond -
Nancy Hammond -
Coldwell Banker Vanguard Realty
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