For Sale
$1,085,755

800 Nova RdOrmond Beach, FL 32174

11,429 SF Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 11,429-square-foot office and retail building presents a compelling value-add opportunity in Ormond Beach, Florida. Situated on a 2.14-acre lot at the signalized intersection of Nova Road and Fleming Avenue, this single-story, multi-tenant property boasts 13 individual office/retail condos, offering significant flexibility for future development. Currently featuring short-term leases, the property presents the potential for consolidation into larger contiguous spaces to suit a buyer's specific needs. The exterior has recently been painted, and the property benefits from a multi-tenant monument sign and individually metered suites. High traffic counts on Nova Road, coupled with over 300 feet of frontage, ensure excellent visibility and accessibility. The property's location offers convenient access to major thoroughfares, including Granada Boulevard (1.4 miles), LPGA Boulevard (1.9 miles), AdventHealth Daytona Beach (3 miles), and Interstate 95 (3.4 miles). The Volusia County B-5 zoning allows for a wide range of permitted uses, including restaurants, retail sales, mini-warehouses, and more, providing considerable versatility for future expansion or repurposing. This property is listed at $1,085,755 ($95 per square foot) and offers a strong return on investment potential. The building was constructed in 1981 and is comprised of one building with one story.

Highlights

  • Value-add office/retail building for sale in Ormond Beach, FL.
  • 11,429 SF building with 13 individual office/retail condos.
  • $1,085,755 asking price ($95/SF).
  • Situated on a 2.14-acre lot at a signalized intersection with high traffic counts and excellent visibility.
  • Short-term leases offer potential for consolidation and higher returns.

Property Details for 800 Nova Rd

Property type
Retail properties, Office properties
Square Feet
11,429 SF
Year Built
1981
Buildings
1
Stories
1
Lot Size (sq. ft)
93,218 SF

Location Insight

City
Ormond Beach
County
Volusia
State
Florida
Latitude
29.2591404
Longitude
-81.0754225
800 Nova Rd, Ormond Beach, Florida

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800 Nova Rd
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