203 Yonge StOrmond Beach, FL 32174

Property Details for 203 Yonge St

Year built

1947

Construction

WOOD

Lot size

0.54 AC

Property size (Sq ft)

1,030 SF

Zone code

B4

Property type

Retail space

APN

4222-02-02-0050

APU

422202020050

Description

This exceptional mixed-use property at 203 S Yonge Street, Ormond Beach, Florida, presents a rare investment opportunity. Boasting 1,176 square feet on a substantial 23,631.3 square foot lot, this 1947-built building offers incredible versatility. Its prime location within the coveted Ormond Art District ensures high visibility on a major thoroughfare, maximizing exposure to a large customer base. The property features seven parking spaces, with potential for expansion, and includes outdoor seating, ideal for a restaurant or similar establishment. The building is handicap accessible, promoting inclusivity. Furthermore, the property benefits from additional space extending to the recently rezoned mixed-use art district on Washington Street. The diverse zoning allows for a wide range of uses, including but not limited to: auto shop, bar, religious institution, convenience store, fast-food restaurant, executive office, and warehouse. This high-traffic location and adaptable space make this a truly unique investment opportunity in a thriving area. The asking price is $430,000. Don't miss this chance to acquire a property with significant potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $257,731

  6.5%

  $237,906

  7%

  $220,912

• Comparable approach

  Method

  Valuation

  Relative Method

  $289,747

  Geo Method

  $289,747

• Alternative Use

  Use

  Valuation

  Residential

  $200,682

  Hospitality

  $183,824

  Educational

  $152,939

  Medical

  $158,199

  Retail

  $237,906

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2783

Longitude

-81.0588

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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