222 Hernandez AveOrmond Beach, FL 32174

Property Details for 222 Hernandez Ave

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.11 AC

Property size (Sq ft)

1,500 SF

Zone code

B4

Property type

Retail properties

APN

4215-01-01-0230

APU

421501010230

Description

This exceptional Ormond Beach commercial property, located at 222 Hernandez Avenue, offers 1,500 square feet of versatile space in a 5,000.69 square foot lot. Built in 1970, this single-story building is in excellent condition and features a fully air-conditioned interior, including a lobby, multiple offices, a kitchen, and a full bathroom. The property benefits from a spacious carport, ideal for parking or storage, and is fully fenced for enhanced security and privacy. Zoned B-5 Service Commercial, this property enjoys a prime location off busy US-1, offering excellent visibility and signage opportunities. Easy access and ample parking cater to both employees and customers. The seller will vacate the premises at closing. Information regarding potential owner financing is available upon request. All dimensions and details are per the tax records and seller's information and are deemed reliable but not guaranteed. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $375,336

  6.5%

  $346,464

  7%

  $321,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $421,961

  Geo Method

  $421,961

• Alternative Use

  Use

  Valuation

  Residential

  $292,256

  Hospitality

  $267,705

  Educational

  $222,727

  Medical

  $230,387

  Retail

  $346,464

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2884

Longitude

-81.0643

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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