203 Yonge StOrmond Beach, FL 32174

  • Retail properties
  • 1,030 SF
For Sale
$430,000 View listing

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
203 Yonge St, Ormond Beach, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,185
$107,526
$87,544
$195,070
-
$107,526
$87,544
$195,070

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