For Sale $2,200,000.00 77 PSF - Investment, Office, Retail
1108-1286 N Nova Road, Daytona Beach, FL 32118
- 28,547 SF Multi-Tenant Retail Center on 2 Acres of Land
- Retail or Office Uses Permitted, Building and Pylon Signage
- Excellent Opportunity to Obtain a Multi-Tenant Investment with Strong 40% Upside
- City of Daytona Beach with New Roof, Paint, Pylon Sign and Sealcoat in 2017-2020
- Tenants have Long Term Leases and have paid for their own Buildout
- Potential In-House Financing Available (See Broker for Details)
- Current Income Services the Debt with Strong Value Add Opportunity
- Only 4 Vacant Units Totaling 11,478 SF for Income Upside Potential
- Tax Incentives for the Opportunity Zone (https://www.brightimpact.com/opportunity-zones/)
- Sales Price: $2,200,000, $77 PSF (Below Replacement Cost)
- 8.5% CAP Rate @ 59% Occupancy
- 40% Upside Potential
- NDA required for financials
