Orange City, FL 32763,1511 S VOLUSIA AVE
Orange City, FL 32763,1511 S VOLUSIA AVE
Orange City, FL 32763,1511 S VOLUSIA AVE
37
$295,000
$294,900
Est.Price: ?

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1,490 SqFt

1511 S VOLUSIA AVE Orange City, FL 32763

Est. payment /mo
SOLD DATE : 04/12/2021

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Key Details

Sold Price $295,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 1,490 sqft

Price per Sqft $197

Subdivision Spring Lakes Add 01

MLS Listing ID O5926660

Sold Date 04/12/21

Construction Status Inspections

HOA Y/N No

Year Built 1952

Annual Tax Amount $3,030

Lot Size 0.650 Acres

Acres 0.65

Property Description

Commercial investment alert! Commercial Business/Office Space with Volusia Avenue Frontage in Orange City! Take a look at this prime 28,200 sf commercial lot centrally located directly on Volusia Avenue in Orange City! This property averages nearly 32,000 in daily car traffic! Aside from the high traffic, the property also features block construction and enough parking for 20 vehicles. The commercial space was last used as an auto repair shop and was on an annual lease of $1,700/month alone! Since that time, Orange City has continued to see huge business growth. Brand new office buildings were developed across the street on Volusia Avenue and a brand new Checkers was recently built across the street on Cedar Avenue. With some renovations, this space can easily be leased and/or subleased at $2,000/month for building two and $1,500/month for building one. Doing so would bring in $42,000 in gross income which would render a 10.65% gross cap rate.

Location

State FL

County Volusia

Community Spring Lakes Add 01

Zoning C-1

Interior

Heating Central, Wall Units / Window Unit

Cooling Central Air, Wall/Window Unit(s)

Appliance Refrigerator

Exterior

Utilities Available BB/HS Internet Capable, Electrical Nearby, Private, Sewer Nearby, Water Connected, Water Nearby

Waterfront false

Building

Lot Description Central Business District, Corner Lot, Oversized Lot, Sidewalk

Story 1

Entry Level One

Foundation Crawlspace, Slab

Lot Size Range 1/2 to less than 1

Sewer Septic Tank

Structure Type Block

New Construction false

Construction Status Inspections

Others

Ownership Sole Proprietor

Acceptable Financing Cash, Conventional, Other, Private Financing Available

Listing Terms Cash, Conventional, Other, Private Financing Available

Special Listing Condition None

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Stellar MLS
Listed by EXP REALTY LLC
Bought with STELLAR NON-MEMBER OFFICE

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Catalina & Jaime

Catalina & Jaime

+1(407) 495-2555

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