725 W Granada BoulevardOrmond Beach, FL 32174
Volusia County
Description
Three fully leased office condo units offered as a portfolio on Ormond Beach's busiest commercial corridor. Granada Professional Center offers three office condo units built in 2006, featuring high ceilings, storm-rated doors and windows, ample on-site parking, and prominent multi-tenant monument signage along W. Granada Boulevard (State Road 40), which carries over 33,500 vehicles per day. The units are 100% occupied by Hopkins Hearing Institute, Seahaven Chiropractic, and The Vanity Room Salon, delivering a diversified, healthcare-focused income stream supported by a surrounding trade area with an average age of 51.1 and household incomes approaching $84,300 within three miles. Offered at $772,000 with a 7% cap rate and a current NOI of $53,951.69, this is a rare, fully stabilized investment opportunity well suited for a private investor or 1031 exchange buyer seeking low management, cash-flowing assets in a high-demand Florida market. Fully leased office condo portfolio Healthcare-focused income stream Cap Rate 7% Strong visibility on Ormond Beach's prime corridor
Property Information
- Property type
- Commercial Sale
- Sub-type
- Office
- Building area
- 2,692 Sq Ft
- Days on market
- 153
- MLS® Listing#
- 1225930
Property Features
- Parking
- Other
- Lot features
- Other
- Parcel number
- x
Directions
Located on the north side of Granada Blvd just east of Nova Road.
Listing Courtesy: SVN Alliance Commercial Real Estate Advisors - 3863107900
Presented by: Carl Lentz
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
