400 S atlantic Ave - Storefront FOR SALE


Ormond Beach, FL 32176- Ormond By The Sea
$6,600,000 USD
407-929-1355
400 S atlantic Ave, Ormond Beach, FL for Sale
$6,600,000 USD
Storefront - FOR SALE
1/6
null | 6.06% Cap Rate

400 S atlantic Ave
Ormond Beach, FL 32176
Ormond By The Sea


HIGHLIGHTS

  • Immediate Value Creation: CAM Reimbursement Corrections Drive NOI Growth to a 7.18% Cap Rate Within Year 2.
  • Below Replacement Cost: Offered at $222 Per Square Foot.
  • Additional Upside: Current Average Rents at $15.66 PSF vs. Market $19.90 PSF (Per CoStar).
  • Prime Visibility: +/- 17,800 Vehicles Per Day Along South Atlantic Avenue (A1A).
  • Strong Demographics: 95,000+ Residents Within 5 Miles; Population Growth of 2.5% Annually.
  • High-Barrier-to-Entry Market: Coastal Infill Location with Limited Future Supply.

OVERVIEW

Marcus & Millichap’s TC Retail Group is pleased to present 400 S Atlantic Avenue, an irreplaceable coastal retail asset located in the high-barrier-to-entry Ormond Beach market. Positioned directly on A1A with premier Atlantic Ocean views and minutes from the public beach, the property offers an exceptional location that combines strong real estate fundamentals with long-term upside. The site features direct frontage and visibility along A1A, exposed to approximately 17,800 vehicles per day, capitalizing on both year-round tourism and steady local demand. The surrounding trade area boasts more than 95,000 residents within five miles, with population growth exceeding 2.5% annually, supporting long-term retail demand. The property is offered at $222 per square foot, well below replacement cost, and provides investors with immediate value through CAM reimbursement adjustments. The property achieves a 7.18% cap rate within Year 2, creating near-term stability. Beyond this, additional upside remains in bringing rents closer to market levels (currently $15.66 PSF vs. $19.90 PSF per CoStar). Further enhancing the investment profile, the property is surrounded by a dense lineup of national retailers including Publix, CVS, Walgreens, Starbucks, Wawa, Dunkin’, Outback, Marshalls, Ross, AutoZone, Dollar Tree, Bealls, Planet Fitness, Hilton, and 7-Eleven, among many others, which drive consistent traffic and consumer spending.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$214 USD /SF

CAP RATE

6.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aliki Plaza | A1A Beach Side | 7.18% YR 2

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Bank, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

Office

APN/PARCEL ID

4223-02-08-0090

ASK ABOUT THIS PROPERTY

Tarek ChbeirMarcus & MillichapMore Info
407-929-1355

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Tarek ChbeirMarcus & MillichapMore Info
407-929-1355

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