203 Yonge StOrmond Beach, FL 32174
- Retail properties
- 1,030 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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