1240 Normandy BlvdDeltona, FL 32725

This 3,617-square-foot creative office building in Deltona, Florida, presents a compelling value-add investment opportunity. Located at 1240 E Normandy Blvd, 32725, this multi-tenant property boasts high visibility and accessibility within a thriving business district. Built in 1981, the building sits on a 0.34-acre lot and offers 16 parking spaces. Currently, the occupancy rate is 40%, with six tenants under a gross lease with a one-year term. The asking price is $900,000, translating to $248.82 per square foot. The current cap rate is 4.54%, while the pro-forma cap rate projects to 10.40%, indicating significant potential for increased profitability. The property's pro-forma net operating income (NOI) is estimated at $93,612. This property is ideal for owner-users seeking a strategic location or investors aiming to capitalize on the area's growth and increase occupancy to maximize returns. The flexible zoning allows for a variety of commercial uses. This is a rare opportunity to acquire a well-situated commercial property in a dynamic market with substantial upside potential.