$1,950,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 8285 sq ft
Overview
  • ID: MFRO6261865
  • Bedrooms:
  • Bathrooms: 0
  • Size: 8285 sq ft
Property Details
Remarks
**"Exceptional Investment Opportunity in Port Orange!"** This 15-unit, leased property is a standout in the commercial real estate market, offering stability, growth potential, and a prime location. Anchored by the Florida Department of Agriculture, this property features a diverse tenant mix, including medical offices, property management, accounting firms, service providers, and manufacturing businesses. The Florida Department of Agriculture has a secure 5-year lease in place, with escalations starting in 2025 and two additional 2-year renewal options, ensuring long-term stability. Spanning an impressive 1.46 acres, the property boasts approximately 9,000 square feet of office and flex space, including the distinctive octagon building. Over the years, the property has undergone significant improvements, enhancing its functionality, appeal, and market value. With ample private parking and well-maintained grounds, it provides a professional and inviting environment for tenants and their clients alike. Zoning is in the process of changing from PCD to OP for added value. Currently listed at approximately 6.3 CAP. Strategically situated near the high-traffic S. Nova Road, this property benefits from excellent visibility and accessibility, making it an attractive location for businesses across various industries. The surrounding area is thriving, with a mix of national retailers, restaurants, and entertainment options, including Publix, Walmart Supercenter, CVS Pharmacy, and more. This prime location ensures a steady flow of potential clients and customers for tenants, contributing to the property's appeal as a reliable income-generating asset. Importantly, the property did not experience flooding during the 2022 or 2024 hurricanes, offering peace of mind to investors and tenants alike. Its resilience underscores its value as a secure and sound investment in an ever-growing market. Whether you are an experienced investor seeking a stable income-producing asset or a buyer looking for long-term growth potential, this property delivers on all fronts. Its blend of location, tenant diversity, recent improvements, and income stability makes it a rare opportunity in one of Florida’s most dynamic commercial corridors. Don’t miss this chance to own a premier commercial property in the heart of Port Orange. Contact us today for more details or to schedule a private tour!
Financial Considerations
Price:
$1,950,000
HOA Fee:
N/A
Tax Amount:
$16406
Price per SqFt:
$214.95
Tax Legal Description:
15-16-33 IRREG PARCEL BEING N 249.75 FT OF S 477.15 FT MEAS ON E/L OF W 275 FT OF E 695 FT MEAS ON N/L & BEING 95.35 FT ON W/L LYING W OF ISABELLE AVE & S OF REGENCY ST OF SW 1/4 OF NE 1/4 PER OR 4736 PGS 4508-4509 PER OR 5968 PG 2903 PER OR 8297 PG 0426
Exterior Features
Lot Size:
63795
Lot Features:
Corner Lot, Fire Hydrant, City Limits, Infrastructure In, Oversized Lot, Retention Areas, Sidewalk, Street Lights, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Parking Spaces - 19 to 30, Common
Roof:
Metal, Shingle, Tile
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Electric, Wall Units / Window Unit
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Touchless Hand Dryers
Furnished:
No
Floor:
Carpet, Laminate, Other, Tile
Levels:
One
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1972
Construction Type:
Brick, Concrete
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
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