Multi-Tenant Investment Opportunity, Daytona Beach, FL. Located in the Opportunity Zone (Tax Incentives)

Multi-Tenant Investment Opportunity, Daytona Beach, FL. Located in the Opportunity Zone (Tax Incentives)
For Sale $2,200,000.00 77 PSF - Investment, Office, Retail
1210 N Nova Road 28547 SF

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

Agent Vincent Wolle, CCIM, SIOR

As the founder of RREP, Vince has had over 18 years experience in the commercial real estate market and has…
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