305 N U.s. Highway 1Ormond Beach, FL 32174

Description

Prime commercial investment opportunity with an estimated 7.08% cap rate located on highly traveled US Highway 1 in Ormond Beach with an approximate AADT traffic count of 21,500 vehicles per day and over 227 feet of frontage exposure. Conveniently located close to Granada Boulevard and just minutes from I-95, this B-5 zoned freestanding commercial office property offers excellent visibility and flexibility for a variety of commercial uses. Building area total is approximately 747 square feet per the Appraiser and situated on approximately 0.26 acres. Interior features include three flexible office spaces and a restroom. Property also offers ample well-lit parking and a large pole sign for additional business exposure. Previous reported uses have included golf cart sales and automotive sales. CURRENT BUSINESS DOES NOT CONVEY. DO NOT DISTURB TENANT. All information deemed reliable but not guaranteed and should be independently verified by buyer and buyer's agent. Some photos have been virtually staged.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1957

Stories

1

Building area

747 Sq Ft

Days on market

3

MLS^® Listing#

1226872

Property Features

Cooling

Central Air

Heating

Central

Parking

Parking Lot

Lot features

Other

Construction

Block · Concrete

Roof

Shingle

Utilities

Cable Available · Electricity Available · Electricity Connected · Sewer Available · Sewer Connected · Water Available · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$3,259Tax year 2025

Parcel number

424110140010

Directions

Granada, Head north on US1, Property is on right (east), corner lot of US1 and Rosewood Ave.