416 Halifax AveOak Hill, FL 32759

Property Details for 416 Halifax Ave

Year built

1933

Lot size

1.37 AC

Property size (Sq ft)

552 SF

Property type

Hospitality properties

Property subtype

Mobile home & RV parks

APN

9504-00-00-0010

APU

950400000010

Description

This exceptional 59,677.2 sq ft commercial lot in Oak Hill, Florida, boasts over 600 feet of waterfront on Mosquito Lagoon, renowned as the "Redfish Capital of the World." Zoned B-2 Marine Oriented Commercial, the property currently generates income via a mobile home on a land lease and four RV hookups (two currently occupied). A dock, boathouse, and kayak/canoe launch area are included. The City plans a waterline extension to the area. Enjoy gorgeous river views and proximity to Goodrich Seafood Restaurant, a public riverfront beach, waterfront parks, and boat launches. Southeast Volusia offers excellent shopping and dining. An adjacent 42.83-acre parcel with additional 873+ feet of waterfront is available for potential combined purchase. This presents a unique opportunity for a thriving waterfront business. The property is located at 416 E Halifax Avenue, Oak Hill, FL 32759.

• CAP approach

  CAP return

  Valuation

  6%

  $162,632

  6.5%

  $150,121

  7%

  $139,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $146,932

  Geo Method

  $126,611

• Alternative Use

  Use

  Valuation

  Residential

  $150,121

  Hospitality

  $137,510

  Educational

  $114,407

  Medical

  $118,342

  Retail

  $177,966

Location Insight

City

Oak Hill

County

Volusia

State

Florida

Latitude

28.8655

Longitude

-80.8353

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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