175 Nova RdOrmond Beach, FL 32174

Property Details for 175 Nova Rd

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.94 AC

Property size (Sq ft)

22,051 SF

Zone code

B1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4221-01-05-0200

APU

422101050200

Description

This exceptional 2,800 square foot turnkey restaurant space is available for lease within the vibrant Nova Shoppes strip center. Situated on Nova Road, just south of Granada Boulevard, this endcap unit boasts high visibility and prominent signage on both the building façade and a pylon sign. The space features both indoor and outdoor seating areas, a fully equipped kitchen, and a bar, making it ideal for immediate occupancy. The property benefits from a high-traffic location within a densely populated neighborhood, ensuring a strong customer base. Nova Shoppes offers a diverse mix of established businesses, including Firehouse Subs, Emerald Spa & Nails, Kneading Sweets, Gloss Bridal and Beauty Bar, A New U, and Koji Japanese Steakhouse, with Club Pilates soon to join the center. The total building size is 22,085 square feet, and the property is zoned PBD (Planned Business Development). Estimated common area maintenance (CAM), real estate taxes, and insurance are $6.50 per square foot. Enjoy convenient access to Interstate 95, approximately 2.7 miles away. This is a prime opportunity for a restaurant operator seeking a well-established location with significant foot traffic and visibility. The space is ready for immediate operation, minimizing setup time and maximizing revenue potential. Don't miss this chance to establish your restaurant in a thriving commercial center.

• CAP approach

  CAP return

  Valuation

  6%

  $5,517,696

  6.5%

  $5,093,258

  7%

  $4,729,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,203,114

  Geo Method

  $6,203,114

• Alternative Use

  Use

  Valuation

  Residential

  $4,296,354

  Hospitality

  $3,935,436

  Educational

  $3,274,237

  Medical

  $3,386,843

  Retail

  $5,093,258

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2761

Longitude

-81.0824

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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