$10,300,000 USD
407-557-3829
PRIME ORMOND BEACH MIXED-USE PORTFOLIO
Ormond Beach, FL
Rio Vista Gardens
HIGHLIGHTS
- Kalin has Served Ormond Beach at This Location for 60+ Years Will Execute a 3-Year Sale-Leaseback at Close of Escrow for Their 73% of Retail Center
- Office Building is in Turn-Key Condition with High-End Finishes and Nice Offices Throughout | Fixtures and Equipment Convey with Sale
- Properties Can Be Subdivided and Sold Separately – See Agent for Further Details
- Over 600’ of Direct Frontage Along US-1 (24,500 AADT) | Five Entry Points & Monument Signage
- Value-Add Upside Through Lease-Up of Office Building & Below Market Retail Rents
- Tight Submarket with 4.4% Vacancy Rate
OVERVIEW
107,612 SF Mixed-Use Portfolio Consisting of:
- Fully Occupied 78,212 SF Multi-Tenant Retail Center Anchored by Kalin Home Furnishings
- Vacant 29,400 SF Office Building (Most Recently Occupied by a Medical Billing Tenant)
Hard Corner Location Situated on a Large 9.48 Acre Parcel with Ample Parking | Separate Parking Lot for Office Building Offers Flexibility for Future Lot Split
Current RE Taxes for entire parcel are $89,648.02 per county site
Retail center and office building may be sold separately –see agent for details
ASK ABOUT THIS PROPERTY
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407-557-3829
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407-557-3829
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