230 N Woodland Blvd - Office FOR SALE


Deland, FL 32720- Outer Deland/Deltona
$6,500,000 USD
305-345-7776
230 N Woodland Blvd, Deland, FL for Sale
$6,500,000 USD
Office - FOR SALE
1/4
null | 10.39% Cap Rate

230 N Woodland Blvd
Deland, FL 32720
Outer Deland/Deltona


HIGHLIGHTS

  • Institutionally anchored downtown office asset with exceptional Main Street visibility
  • Proximity to Stetson University, driving strong year-round professional service demand
  • Three access points and active drive-through support high-volume operations
  • Signifcant value-add through modernization and strategic lease-up initiatives
  • Opportunity Zone location enhances redevelopment incentives and investor tax benefits

OVERVIEW

Marcus & Millichap is proud to present for sale the Bank of America Building at 230 N Woodland Blvd in DeLand, Florida, a prominent, institutionally anchored office asset positioned in the center of one of Central Florida’s most historic and dynamic downtown districts. Offered at approximately $101 per square foot, the property pairs stable credit tenancy with substantial value-add potential through strategic modernization and lease-up of significant available space. Located directly along North Woodland Boulevard—widely recognized as Florida’s premier Main Street—the building benefits from exceptional visibility, approximately 280 feet of frontage, and steady vehicular traffic along two primary commercial corridors. Its location less than one mile from Stetson University further enhances demand. Stetson enrolls more than 4,400 students and employs over 265 full-time faculty, generating year-round daytime density and supporting robust demand for professional services, administrative offices, and university-adjacent uses. The surrounding area is anchored by a concentration of government, civic, and cultural institutions, all within walking distance. The property sits steps from the Volusia County Courthouse, Law Library, County Tag & Title Office, DeLand Police Department, DeLand Fire Department, the Downtown DeLand Historic District, and multiple museums and civic facilities. This cluster drives strong daytime activity and enhances the appeal for tenants requiring convenient access to judicial, administrative, and public-sector operations. The site’s regional connectivity is another key advantage. Positioned approximately four miles from Interstate 4—Central Florida’s primary east-west artery linking Orlando, Lake Mary, Sanford, and Daytona Beach—the property offers efficient access for regional commuters and clients. Three points of access on the north, south, and west sides of the parcel support smooth circulation and accommodates high-volume operations, including the existing Bank of America drive-through. The tenancy is anchored by Bank of America, one of the nation’s strongest financial institutions with over 3,700 national locations, and the Florida Department of Children and Families—two essential, stability-oriented occupants generating consistent traffic and predictable long-term income. Their presence establishes a solid foundation for repositioning the available space. This office asset offers significant upside through targeted upgrades. Enhancements to interior finishes, lighting, mechanical systems, and common areas would substantially improve marketability and may qualify for accelerated depreciation. In addition, the property’s location within a designated Opportunity Zone unlocking potential tax advantages and further incentivizing reinvestment. Cap Rate & NOI are Proforma

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

10.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

205

LAND DETAILS

LAND ACRES

3.77 AC

LAND SF

164,221 SF

ZONING

C-2A

APN/PARCEL ID

7009-01-09-0010

ASK ABOUT THIS PROPERTY

Alex ZylberglaitMarcus & MillichapMore Info
305-345-7776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Alex ZylberglaitMarcus & MillichapMore Info
305-345-7776

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.