Under Renovating Office Building for Sale

Daytona Beach,
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Description

The two-story building in Daytona Beach is currently undergoing renovation and will soon be available for sale. This prime location is perfectly suited for office and retail outlets, offering a total of over 20,000 square feet across the two stories. Each story can be divided into 10,000 square feet or 5,000 square feet to cater to various needs such as office space, retail showrooms, restaurants, or commercial warehouse areas.

 

Conveniently located off Ridgewood Road with ample parking available, this property is perfect for custom-size area requirements, with the current market rent increasing to $15 per square foot. It boasts a new roof installed by the seller and a sturdy concrete block exterior. To arrange a viewing or obtain more information, please contact the Vip Commercial Team at 407-453–3415 without delay.

 

Address: Daytona Beach
State/County:
Country: United States
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Property Id : 22770
Property Size: 20,000 ft2

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    We recommend rent

    Rental Income $250,000.00 ( Per Year)
    Investor Price $2,000,000.00
    Closing Costs to Buy $20,000.00
    Rehab Projection $300,000.00
    Utilities $1000.00
    Property Insurance $10,000.00
    Estimated Taxes $12,000.00
    Property Management $25,000.00
    Maintenance $10.000.00
    HOA Dues $0

    $172,000.00

    Projected Income

    8.6%

    Estimated APY

    After Repair Value $2,500,000.00
    Investor Price $2000,000,.00
    Closing Costs to Buy $20,000.00
    Rehab Projection $3,00,000.00
    Utilities $1,000.00
    Closing Costs to Sell $11,250.00

    $167, 750.00

    Projected Income

    8.38%

    Estimated ROI

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Vipin Shah – Licensed Real Estate Agent Commercial Director
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