1885 Nova RdDaytona Beach, FL 32117

Property Details for 1885 Nova Rd

Year built

1987

Construction

WOOD

Lot size

0.63 AC

Property size (Sq ft)

900 SF

Zone code

B-4

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

4242-31-01-0010

APU

424231010010

Description

This exceptional 1.26-acre commercial property in Daytona Beach, Florida, presents a turnkey opportunity for investors. Located at 1885 N Nova Rd, 32117 (City of Holly Hill), this site boasts pre-approved plans for a state-of-the-art express car wash. The 3,300 square foot building features a 100-foot tunnel, 19 vacuum stations, and three convenient pay stations. Situated at a signalized intersection on the southeast corner of Nova Road and Flomich Road, this location benefits from high visibility and significant traffic volume. Directly across from a Walmart Neighborhood Market, the property enjoys excellent proximity to a substantial customer base. The property is zoned for commercial use and was built in 2024. The asking price is $1,695,000, translating to $513.64 per square foot. This represents a compelling investment in a thriving market with strong potential for high returns. The property's strategic location and pre-approved plans minimize development hurdles, allowing for a swift and efficient launch of operations. Don't miss this chance to acquire a prime commercial property in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $225,202

  6.5%

  $207,879

  7%

  $193,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $253,177

  Geo Method

  $253,177

• Alternative Use

  Use

  Valuation

  Residential

  $175,353

  Hospitality

  $160,623

  Educational

  $133,636

  Medical

  $138,232

  Retail

  $207,879

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.247

Longitude

-81.0667

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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