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$ 499,000
Est. payment | /mo
2,214 SqFt
$ 499,000
Est. payment | /mo
2,214 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,214 sqft
Price per Sqft $225
MLS Listing ID 1229315
Year Built 1961
Annual Tax Amount $3,164
Lot Size 5,227 Sqft
Lot Dimensions 0.12
Property Sub-Type Retail
Source Daytona Beach Area Association of REALTORS®
Property Description
Excellent opportunity to acquire a fully leased, income-producing investment property in the heart of Daytona Beach. The property is secured by a new 5-year NNN lease with the tenant paying $3,500 per month ($42,000 annually) and 3% annual rent escalations, providing immediate cash flow and built-in income growth. This distinctive A-frame building features a fully equipped restaurant on the first floor with commercial kitchen, counter seating, table service, and an ADA-compliant restroom. The second floor offers flexible space ideal for office, storage, inventory, or additional operations. Positioned along a high-visibility commercial corridor with on-site parking, the property is minutes from Bethune-Cookman University, downtown Daytona Beach, medical facilities, and the beachside. An excellent opportunity for investors seeking a stabilized, low-management asset with long-term upside.
Location
State FL
County Volusia
Direction West on International Speedway Blvd from Ridgewood Ave. Property is on the South side near the corner of Lockhart St.
Interior
Heating Central, Electric
Exterior
Parking Features Guest, Off Street, Parking Lot
Roof Type Metal
Building
Lot Description Other
Water Public
Others
Senior Community No
Tax ID 5339-76-03-0010
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Realty Pros Assured