160 Nova RdOrmond Beach, FL 32174

Property Details for 160 Nova Rd

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.33 AC

Property size (Sq ft)

5,223 SF

Zone code

B8

Property type

Retail properties

Property subtype

Banks

APN

4221-00-01-0040

APU

422100010040

Description

This exceptional 5,910 square foot retail storefront, located at 18335 US Highway 18 Suite A in San Bernardino County, presents a unique investment opportunity. Boasting 5,660 square feet of vacant space, this single-tenant property sits on a 0.4-acre lot and is zoned for Retail/Storefront use (APN: 0473-114-02). The building is a single-story structure with excellent visibility due to its prime location on a heavily trafficked highway, boasting an annual average daily traffic count of 46,000 vehicles. Its strategic position directly across from St. Mary's Hospital ensures a consistent flow of potential customers. Previously occupied by a secondhand store and, for many years prior, an independent sporting goods store, this versatile space is well-suited for a wide range of commercial uses. The property's history demonstrates its suitability for retail operations, offering a proven track record and established infrastructure. This high-visibility location provides unparalleled exposure to a large and captive audience, making it an ideal choice for businesses seeking significant foot traffic and brand recognition. The property's size and zoning flexibility offer considerable potential for customization and adaptation to meet the specific needs of a diverse range of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,306,921

  6.5%

  $1,206,389

  7%

  $1,120,218

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,469,270

  Geo Method

  $1,469,270

• Alternative Use

  Use

  Valuation

  Residential

  $1,017,634

  Hospitality

  $932,148

  Educational

  $775,536

  Medical

  $802,208

  Retail

  $1,206,389

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2818

Longitude

-81.0833

CBSA code

19660

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].