For Sale
$14,000,000

551 National Health Care DrDaytona Beach, FL 32114

66,429 SF Medical Facility, 8 Acres, Vacant

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional investment opportunity: a 66,429-square-foot medical office building situated on an 8.089-acre lot in Daytona Beach, Florida. This single-story, Class B property, formerly a VA clinic, offers 62,000 square feet of net rentable space and ample parking for 400 vehicles. Built in 2001 with renovations in 2018 and 2023 (including a complete re-roof), the concrete and masonry structure is currently vacant, with an occupancy date of May 31, 2024. The asking price is $14,000,000, representing a price per square foot of $210.75 and a pro-forma cap rate of 8.41%. The property boasts a pro-forma NOI of $1,178,000 and is zoned HM (Hospital/Medical) by the City of Daytona Beach, allowing for a wide range of healthcare and group-living uses. Its prime location in Volusia County, within a Federal Opportunity Zone (Census Tract 823.01), presents significant potential for economic incentive programs. The land value is $31.21 per square foot. This property is an ideal owner-user or investment opportunity in a high-demand healthcare market.

Highlights

  • Exceptional owner-user/investment opportunity: 66,429 SF medical office building on 8.089 acres in Daytona Beach, FL.
  • 66,429 SF building with 62,000 SF of net rentable space, 400 parking spaces, and a covered drop-off area. Recently renovated (2018 & 2023, including new roof).
  • Single-story design offers easy accessibility and is located near major amenities in booming Volusia County.
  • Situated in a Federal Opportunity Zone (Census Tract 823.01).
  • Zoned HM (Hospital/Medical), allowing for various healthcare and group-living uses.
  • Eligible for economic incentive programs through Volusia County and Daytona Beach.

Property Details for 551 National Health Care Dr

Property type
Office properties, Medical offices
Square Feet
66,429 SF
Class
B
Buildings
1
Stories
1
Lot Size (sq. ft)
352,357 SF

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.20592811
Longitude
-81.06192089
551 National Health Care Dr, Daytona Beach, Florida

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551 National Health Care Dr
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