103 Center StPierson, FL 32180

Property Details for 103 Center St

Year built

2009

Construction

WOOD

Lot size

1.69 AC

Property size (Sq ft)

8,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

4834-11-00-0030

APU

483411000030

Description

This exceptional investment opportunity presents a 10,500-square-foot retail property located at 103 N Center St, Pierson, FL 32180, within the Daytona Beach MSA. The property, built in 2009 and renovated in 2023, sits on a 1.69-acre lot and boasts 42 parking spaces. Currently occupied by a Family Dollar and Dollar Tree, operating under a single, corporate-guaranteed Net Lease, this property offers a strong, stable income stream. The lease includes rent bumps, ensuring future income growth. The building features a single story and is zoned CG. With a 100% occupancy rate, the property generates a substantial Net Operating Income (NOI) of $138,285, resulting in a compelling 6.75% capitalization rate. The asking price is $2,048,667, translating to $195.11 per square foot. This is a rare chance to acquire a well-maintained, high-performing retail asset in a desirable location with a strong tenant history and significant upside potential. The property's location on N Center Street benefits from a daily vehicle count of approximately 7,900. This is a turnkey investment ideal for passive income seekers. The property's APN is 4834-11-00-0030.

• CAP approach

  CAP return

  Valuation

  6%

  $2,001,794

  6.5%

  $1,847,810

  7%

  $1,715,824

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,250,461

  Geo Method

  $2,250,461

• Alternative Use

  Use

  Valuation

  Residential

  $1,558,697

  Hospitality

  $1,427,758

  Educational

  $1,187,878

  Medical

  $1,228,731

  Retail

  $1,847,810

Location Insight

City

Pierson

County

Volusia

State

Florida

Latitude

29.2416

Longitude

-81.4624

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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