Ritter's Towne Center

120 E New York Ave Deland, FL 32724

120 E New York Ave, Deland, FL, 32724
120 E New York Ave, Deland, FL, 32724 120 E New York Ave, Deland, FL, 32724
FOR SALE
Property Type:
Neighborhood Center
Amount:
$1,750,000
Last Verified:
Jul 01, 2024

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Highlights

  • Tenants in place
  • Owner may consider individual sale of units
  • Prime location
  • Commercial zoning
  • Short term leases with potential upside

Description

Your chance to own a unique neighborhood center situated in the growing community of Downtown DeLand. DeLand, Florida, is experiencing significant growth and is quickly becoming a thriving community for a variety of compelling reasons. Its strategic location, nestled between the bustling cities of Orlando and Daytona Beach, offers residents the convenience of urban amenities while maintaining a charming small-town atmosphere. DeLand boasts a rich historical heritage, with a vibrant downtown that features a wide range of unique shops, restaurants, and cultural attractions. The presence of Stetson University, a prestigious institution, has helped create an educated and diverse population, fostering innovation and a strong sense of community. The city's commitment to green spaces, parks, and recreational opportunities adds to its appeal, attracting families and outdoor enthusiasts. With a robust job market, affordable housing options, and a warm climate, DeLand is a magnet for those seeking a high quality of life, making it an ever-growing and dynamic community.

Included in the sale are units A, B, C, D, E, G and H (F not included). Solid brick construction and tenants in place for all included units. Owner may consider individual sale of units.

Situated in the picturesque downtown area of DeLand, the neighborhood center enjoys a prime location within walking distance to iconic landmarks, boutique shops, acclaimed restaurants, and beautiful parks. With its central location, it's easily accessible to both residents and visitors. Ample parking space included with overflow options nearby.


Year Built: 1965
Building Size: 9152sq ft
Lot Size: 0.5 acres


Documents

Sale Flyer

Map of 120 E New York Ave, Deland, FL, 32724

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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.