1641 Granada BlvdOrmond Beach, FL 32174

Property Details for 1641 Granada Blvd

Year built

1967

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.80 AC

Property size (Sq ft)

2,378 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

4125-00-00-0085

APU

412500000085

Description

This exceptional 0.83-acre commercial land parcel in Ormond Beach, Florida, presents a remarkable investment opportunity. Located at 1641 W Granada Blvd, this property boasts over 200 feet of frontage on West Granada Boulevard, providing unparalleled visibility and accessibility. With a zoning designation of Ormond Beach B-7, the site is ideally suited for retail sales and service businesses. The property's strategic location offers excellent exposure to the high traffic volume of West Granada Boulevard and convenient access to I-95, ensuring significant foot and vehicle traffic. The asking price is $1,200,000, translating to approximately $1,500,000 per acre. The property's APN is 4125-00-00-0085. The potential for expansion exists, with the possibility of adding additional land to the rear of the parcel. This is a rare opportunity to acquire a prime commercial site in a thriving area with high visibility and convenient access to major transportation routes. The property is situated in Volusia County, Florida, zip code 32174. This is a "right in, right out" property, offering easy access and egress. The total land area is approximately 35,000 square feet. This property is ready for development and offers significant potential for a variety of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $595,033

  6.5%

  $549,262

  7%

  $510,029

• Comparable approach

  Method

  Valuation

  Relative Method

  $668,950

  Geo Method

  $668,950

• Alternative Use

  Use

  Valuation

  Residential

  $463,323

  Hospitality

  $424,401

  Educational

  $353,097

  Medical

  $365,240

  Retail

  $549,262

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2569

Longitude

-81.1182

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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