Mixed Use Income Property- 100% Leased

865 Orange Avenue Daytona Beach, FL 32114

FOR SALE Incentives
Property Type:
Industrial
Amount:
$634,700
Last Verified:
Jun 21, 2017

Highlights

  • Fully Leased Mixed Use Income Property in Daytona Beach
  • Industrial, Office, Retail and Residential
  • Property Manager Lives on Site
  • Hassle Free Income

Description

Fully Leased Mixed use property in the heart of Daytona Beach with a true 9% Cap Rate. Consisting of 11 units in 4 buildings, the property is 100% occupied with leases in place. Many of the tenants are on annual leases but all have expressed interest in signing longer term deals. This property had two new roofs and brand new sky lights after the hurricane last year. There is also a brand new 5 ton HVAC system. The building uses are Industrial, Retail and Office with one residential home in the middle of the property. The tenant in the house also serves as property manager. The leasable value of the house is $1,000 per month but the tenant only pays $500 in consideration for the property management. They collect rent and maintain the grounds.
Please do not disturb tenants without authorization from sellers. One of the owners is a licensed real estate broker.

Between US1 and Nova on the South Side of Orange Avenue. SE corner of Orange and South Adams.


Year Built: 1972
Building Size: 14080.0sq ft
Lot Size: 0.86 acres

Map of 865 Orange Avenue , Daytona Beach, FL, 32114

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.