For Sale
$595,000

745 Volusia AveOrange City, FL 32763

Prime retail storefront, high NOI, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional value-add investment opportunity presents a 7,500-square-foot retail storefront located at 745 N Volusia Ave, Orange City, FL 32763, on busy US HWY 17/92. The property, built in 1980, sits on a 23,700-square-foot lot and boasts a 100% occupancy rate with two tenants. Currently operating as a pawn shop, the space includes a 2,300-square-foot retail area and a 5,350-square-foot warehouse. The property offers significant upside potential with a current Net Operating Income (NOI) of $120,000, translating to a compelling 20.17% cap rate and a price per square foot of $79.33. The asking price is $595,000. The property features eight parking spaces and is zoned for commercial use. One-year remaining lease term is available. Inventory is negotiable for a potential buyer wishing to continue the existing pawn shop business. A partnership opportunity may also be available. This is a rare chance to acquire a multi-tenant retail property with strong cash flow and significant growth potential in a desirable location.

Highlights

  • 7,500-square-foot retail storefront on busy US HWY 17/92 in Orange City, FL.
  • 100% occupied, multi-tenant property with a pawn shop tenant.
  • 23,700-square-foot lot with eight parking spaces.
  • $595,000 asking price, $79.33/SF, 20.17% cap rate, $120,000 NOI.
  • Commercially zoned with one year remaining lease term; inventory negotiable.

Property Details for 745 Volusia Ave

Property type
Retail properties, Retail space
Square Feet
7,500 SF
Year Built
1980
Buildings
1
Stories
1
Units
1

Location Insight

City
Orange City
County
Volusia
State
Florida
Latitude
28.95680514
Longitude
-81.29882971
745 Volusia Ave, Orange City, Florida

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745 Volusia Ave
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