1294 Ocean Shore BlvdOrmond Beach, FL 32176

Property Details for 1294 Ocean Shore Blvd

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.42 AC

Property size (Sq ft)

9,408 SF

Zone code

B4

Property type

Retail space

APN

4203-13-00-1390

APU

420313001390

Description

This exceptional opportunity presents the acquisition of a well-established hardware store located at 1294 Ocean Shore Boulevard, Ormond Beach, Florida 32176. The business, operating for over 20 years, enjoys a prime location on the beachside peninsula, boasting high visibility and limited competition within an 11-mile radius. The store occupies a 3,200 square foot space within a single-story building constructed in 1955, situated on a sizable 18,373.61 square foot lot. Currently operating at 100% occupancy, this turnkey operation offers a diverse range of products and services, including custom paint mixing, key cutting, and essential plumbing and electrical supplies, catering to both residents and tourists. The asking price is $250,000, representing a significant opportunity for an owner/user investment. This is a business sale only; real estate and inventory are not included in the sale price. The lease is a gross lease on a single unit. The business presents substantial upside potential due to its established customer base and unique market position. This is a rare chance to own a thriving, long-standing business in a desirable coastal Florida location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,354,110

  6.5%

  $2,173,025

  7%

  $2,017,809

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,646,542

  Geo Method

  $2,646,542

• Alternative Use

  Use

  Valuation

  Residential

  $1,833,028

  Hospitality

  $1,679,043

  Educational

  $1,396,944

  Medical

  $1,444,988

  Retail

  $2,173,025

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.3246

Longitude

-81.0564

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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