833 Mason AveDaytona Beach, FL 32117

Property Details for 833 Mason Ave

Year built

1959

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

1,725 SF

Property type

Retail space

APN

5338-62-00-0130

APU

533862000130

Description

This vacant, 1,725-square-foot free-standing commercial building is located at 833 Mason Ave, Daytona Beach, FL 32117, in Volusia County. Built in 1951 and renovated in 1981, this single-story Class C building sits on a 7,500-square-foot lot and offers eight parking spaces. The property features an open floor plan, including office space, a backroom, and a restroom. A new air conditioning system has been installed. Currently vacant, this property is listed at $399,000 ($231.30/sq ft) with a NNN lease type. The building is zoned BA, allowing for a wide variety of uses, including healthcare, clubs, animal care, marine sales, retail, laundry services, and adult daycare. The high traffic location on Mason Ave (18,300 AADT) presents a significant opportunity for investors. The property's single-unit structure and open layout offer flexibility for various business ventures. The APN is 533862000130. This is a motivated seller opportunity. Detailed permitted uses are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $464,629

  6.5%

  $428,888

  7%

  $398,253

• Comparable approach

  Method

  Valuation

  Relative Method

  $537,134

  Geo Method

  $485,256

• Alternative Use

  Use

  Valuation

  Residential

  $361,783

  Hospitality

  $331,391

  Educational

  $275,714

  Medical

  $285,196

  Retail

  $428,888

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2215

Longitude

-81.0423

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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