Log In/Sign Up
Your email has been sent.
PRIME ORMOND BEACH MIXED-USE PORTFOLIO 2 Retail Properties Offered at $9,675,000 in Ormond Beach, FL
Investment Highlights
- Kalin has Served Ormond Beach at This Location for 60+ Years Will Execute a 3-Year Sale-Leaseback at Close of Escrow for Their 73% of Retail Center
- Properties Can Be Subdivided and Sold Separately – See Agent for Further Details
- Value-Add Upside Through Lease-Up of Office Building & Below Market Retail Rents
- Office Building is in Turn-Key Condition with High-End Finishes and Nice Offices Throughout | Fixtures and Equipment Convey with Sale
- Over 600’ of Direct Frontage Along US-1 (24,500 AADT) | Five Entry Points & Monument Signage
- Tight Submarket with 4.4% Vacancy Rate
Executive Summary
107,612 SF Mixed-Use Portfolio Consisting of:
- Fully Occupied 78,212 SF Multi-Tenant Retail Center Anchored by Kalin Home Furnishings
- Vacant 29,400 SF Office Building (Most Recently Occupied by a Medical Billing Tenant)
Hard Corner Location Situated on a Large 9.48 Acre Parcel with Ample Parking | Separate Parking Lot for Office Building Offers Flexibility for Future Lot Split
Current RE Taxes for entire parcel are $89,648.02 per county site
Retail center and office building may be sold separately –see agent for details
- Fully Occupied 78,212 SF Multi-Tenant Retail Center Anchored by Kalin Home Furnishings
- Vacant 29,400 SF Office Building (Most Recently Occupied by a Medical Billing Tenant)
Hard Corner Location Situated on a Large 9.48 Acre Parcel with Ample Parking | Separate Parking Lot for Office Building Offers Flexibility for Future Lot Split
Current RE Taxes for entire parcel are $89,648.02 per county site
Retail center and office building may be sold separately –see agent for details
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $9,675,000 | Number of Properties | 2 |
| Price / SF | $96.75 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 99,996 SF |
| Status | Active | Total Land Area | 19.00 AC |
| Price | $9,675,000 |
| Price / SF | $96.75 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 99,996 SF |
| Total Land Area | 19.00 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
280 S. Yonge Street (U.S.Hwy 1)
270-280 S Yonge St, Ormond Beach, FL 32174 |
Retail | 70,596 SF | 1965 | - |
| 298 S Yonge St, Ormond Beach, FL 32174 | Retail | 29,400 SF | 1988 | - |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
PRIME ORMOND BEACH MIXED-USE PORTFOLIO
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.