865 New York AveDeLand, FL 32720

Property Details for 865 New York Ave

Year built

1961

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.73 AC

Property size (Sq ft)

39,860 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

7008-66-00-0050

APU

700866000050

Description

This exceptional DeLand, Florida property offers 40,494 square feet of versatile space, ideally suited for a variety of commercial uses. Located at 865 W New York Ave (SR 44), this freestanding building sits on a 2.73-acre lot and boasts 128 feet of frontage, ensuring high visibility. Built in 1961, the masonry structure with a steel core features a 16-foot ceiling height, a fire sprinkler system, and ample parking (80+ spaces, plus approximately 20 shared spaces). The interior includes finished office space, open warehouse areas, storage, and nine restrooms. The property is divisible and offers potential for condominium conversion. Its prime location offers easy access to I-4, Downtown DeLand's Historic Garden District, AdventHealth DeLand Hospital, Stetson University, and DeLand's city center. The property also presents opportunities for out-parcel development and drive-through configurations. Four ingress/egress points enhance accessibility. Current survey, Phase I environmental, and structural reports are available. The asking price is $3,200,000, and lease options are negotiable. The property's zoning information is available upon request. This is a value-add opportunity with potential for commercial retail, service, and storage uses.

• CAP approach

  CAP return

  Valuation

  6%

  $9,973,940

  6.5%

  $9,206,714

  7%

  $8,549,091

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,212,921

  Geo Method

  $11,212,921

• Alternative Use

  Use

  Valuation

  Residential

  $7,766,208

  Hospitality

  $7,113,804

  Educational

  $5,918,602

  Medical

  $6,122,152

  Retail

  $9,206,714

Location Insight

City

Deland

County

Volusia

State

Florida

Latitude

29.0288

Longitude

-81.3196

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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