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PRIME ORMOND BEACH MIXED-USE PORTFOLIO 2 Retail Properties Offered at $10,800,000 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
- 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
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $10,800,000 | Number of Properties | 2 |
| Price / SF | $108.00 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 99,996 SF |
| Status | Active | Total Land Area | 19.00 AC |
| Price | $10,800,000 |
| Price / SF | $108.00 / 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 | - |
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PRIME ORMOND BEACH MIXED-USE PORTFOLIO
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