325 S Yonge St - Medical FOR SALE


Ormond Beach, FL 32174- Rio Vista Gardens
$585,000 USD
386-235-8190
325 S Yonge St, Ormond Beach, FL for Sale
$585,000 USD
Medical - FOR SALE
1/44
null | Request Cap Rate

325 S Yonge St
Ormond Beach, FL 32174
Rio Vista Gardens


OVERVIEW

Turn-Key Investment Opportunity - Seize this rare, income-producing asset positioned on one of Volusia County's most coveted commercial corridors. This fully leased, multi-tenant retail/office building delivers an immediate 8% cap rate -- a compelling return in today's market that's hard to find at this price point. The Numbers Work From Day One. Both units are tenant-occupied and generating steady cash flow, making this an effortless addition to any investment portfolio. No lease-up risk. No vacancy headaches. Just consistent, stabilized income in a high-visibility, high-traffic location. Prime US-1 Frontage | 21,000-23,000 Vehicles Per Day. Situated directly on US Highway 1 at the signalized intersection of Division Avenue, this property commands exceptional exposure with over 21,000 average daily vehicle passes. US-1 is the economic spine of Ormond Beach -- a corridor that attracts service tenants, professional offices, and retail businesses that thrive on street-level visibility. The Asset This well-maintained, concrete block building features two distinct tenant suites with independent entrances, ample on-site parking, and a clean, updated aesthetic that attracts quality tenants. Current tenants include a State Farm insurance office and a neighboring retail/service suite -- the kind of recession-resistant, service-based businesses that sign and renew leases. Why Ormond Beach? Ormond Beach is experiencing sustained population growth as part of the Daytona Beach MSA, with strong demand for neighborhood-serving commercial space. B-5 Service Commercial zoning allows a wide range of uses, giving future investors maximum flexibility for repositioning, re-tenanting, or long-term hold strategy.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

Commercial

APN/PARCEL ID

4242-10-05-0280

ASK ABOUT THIS PROPERTY

Kevin PuruckerKevin PuruckerMore Info
386-235-8190

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Kevin PuruckerKevin PuruckerMore Info
386-235-8190

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