HUGE PRICE REDUCTION!! 6.5 CAP RATE!! Prime downtown DeLand, FL location. City of DeLand, FL is a very dynamic and high growth community. Formerly noted as #1 Mainstreet in America. Buildings were constructed in stages (1969, 1972 and 1981). Many recent updates included new electrical services for building 1, recent membrane roofs and recent new parking lots. Total of 11 office units in 2 buildings (some combined) and hair and beauty salons. All units are leased. Individual electrical meters and a/c units. 57 car private parking lot is full street to street. Same family ownership since 1949. 2 blocks from center of DeLand. Financial and maintenance records available for review by qualified buyers (proof required) who sign NDA attached.
Financial Considerations
Price:
$1,750,000
HOA Fee:
N/A
Tax Amount:
$21050
Price per SqFt:
$155.89
Tax Legal Description:
W 100 FT OF E 180 FT OF LOT 2 EXC N 5.60 FT ON E/S & 6.67 FT ON W/S IN HWY BLK 1 HOWRYS ADD DELAND -and- E 1/3 of W 3/5 of Lot 3, Blk 1, Howrys Add DeLand
Exterior Features
Lot Size:
28300
Lot Features:
Central Business District, Fire Hydrant, City Limits, Landscaped, Oversized Lot, Sidewalk, Street Lights, Paved