1425 Granada BlvdOrmond Beach, FL 32174

Property Details for 1425 Granada Blvd

Year built

1995

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.60 AC

Property size (Sq ft)

20,481 SF

Zone code

R4

Property type

Retail properties

Property subtype

Community centers

APN

4230-00-00-0364

APU

423000000364

Description

West Granada Center, located at 1425 W Granada Blvd in Ormond Beach, Florida 32174, offers exceptional medical office and retail space for lease. This multi-tenant property boasts a total of 23,467 square feet, situated on a 1.35-acre lot. Currently, there are 8,524 square feet of vacant space available, divisible into units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 3,200 square feet. Four individual spaces are currently available. The property's versatile design accommodates both medical office and retail uses, making it ideal for a variety of businesses. Its prime location offers unparalleled convenience, with close proximity to Interstate 95, ensuring easy access for patients and clients. Furthermore, the center enjoys a highly desirable location within walking distance of Ormond Beach Towne Square and Lowe's Home Improvement, providing significant foot traffic and visibility. This strategic location near major retailers like Walmart further enhances its appeal and accessibility. The property presents a unique opportunity for businesses seeking a well-situated and versatile space in a thriving Ormond Beach commercial district. Interested parties are encouraged to inquire about available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $5,124,844

  6.5%

  $4,730,625

  7%

  $4,392,723

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,761,461

  Geo Method

  $5,761,461

• Alternative Use

  Use

  Valuation

  Residential

  $3,990,459

  Hospitality

  $3,655,239

  Educational

  $3,041,116

  Medical

  $3,145,704

  Retail

  $4,730,625

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2605

Longitude

-81.1102

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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