Active

$649,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 2460 sq ft
Overview
  • ID: MFRV4949428
  • Bedrooms:
  • Bathrooms: 0
  • Size: 2460 sq ft
Property Details
Remarks
Exceptional investment and owner-user opportunity located on highly visible US Highway 17 in De Leon Springs, Florida. This income-producing commercial property consists of approximately 2,460 square feet of building area plus a 610-square-foot canopy situated on approximately 0.66 acres with excellent highway frontage and exposure. Currently configured as six dwelling/lodging units and fully leased to a well-established nonprofit organization, the property generates $72,000 in annual gross income. The flexible layout and zoning create multiple potential future uses, including motel operations, workforce housing, transitional housing, lodging, or other commercial applications, subject to applicable approvals. The property benefits from direct access to US Highway 17 and is strategically located between DeLand and De Leon Springs, providing convenient access throughout Volusia County. Municipal sewer service has already been extended to the property, creating a clear path for future utility modernization and long-term operational improvements. Investors will appreciate the existing income stream and value-add potential, while owner-users will recognize the property’s visibility, accessibility, and redevelopment opportunities. Whether continuing its current use or repositioning the asset for future hospitality or housing operations, this property offers a unique combination of cash flow, flexibility, and long-term upside. The property is currently fully occupied and operated by a nonprofit organization serving individuals and families in need of housing assistance. Ownership is committed to minimizing disruption to the residents and ongoing operations. Please do not disturb occupants or staff. All showings are by appointment only and must be coordinated through the listing agent. Qualified buyers may be afforded private showings with reasonable advance notice. All information contained herein has been obtained from sources believed to be reliable and has been diligently investigated; however, no warranty or representation is made as to its accuracy or completeness. Buyers and their representatives are encouraged to independently verify all information, measurements, zoning, permitted uses, income, expenses, utility availability, and other matters material to their purchase decision. Offered at $649,000.
Financial Considerations
Price:
$649,000
HOA Fee:
N/A
Tax Amount:
$4048.79
Price per SqFt:
$211.4
Tax Legal Description:
43-16-29 LOTS 12 TO 15 & 17 & 18 EXC ST RD REPLAT KIRCHOFFS SUB BEARDSLEYS DELEON SPRINGS MB 8 PG 207 PER OR 5273 PG 1426
Exterior Features
Lot Size:
28600
Lot Features:
Fire Hydrant, Landscaped, Sidewalk, Street Lights, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Lighted
Roof:
Membrane, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Ductless
Cooling:
Mini-Split Unit(s), Wall/Window Unit(s)
Appliances:
Dryer, Microwave, Refrigerator, Washer
Furnished:
No
Floor:
Ceramic Tile
Levels:
N/A
Additional Features
Property Sub Type:
Hotel/Motel
Style:
N/A
Year Built:
1958
Construction Type:
Block, Stucco, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
Southwest
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    4851 US HIGHWAY 17 HWY
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