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    114 Rich Ave Deland, FL 32724

    For Sale
    $799,000

    High-Traffic, Fully Occupied Investment

    Property size:
    4,368 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional mixed-use property, located at 114 E Rich Avenue in the heart of historic Downtown Deland, Florida, presents a lucrative investment opportunity. The 4,368 square foot building sits on a 0.17-acre lot and boasts two thriving storefronts and three residential apartments, all currently occupied on a month-to-month basis. Two of the apartments have undergone complete renovations, showcasing modern updates, while the third apartment offers potential for value-add improvements. Both commercial spaces are in excellent condition and benefit from consistent tenant occupancy. The property enjoys a prime location, nestled amongst active businesses and experiencing high daily foot traffic. Ample public parking is readily available nearby, adding to the convenience for both tenants and customers. The property also includes private parking for added convenience. This turnkey investment is ideal for an investor seeking immediate cash flow and long-term appreciation potential. The seller is open to financing options, including seller financing, making this an even more attractive proposition. Don't miss this chance to own a piece of thriving Downtown Deland.

    Property Features for 114 Rich Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    4,368 SF
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1962
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Moodz Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Deland
    County
    Volusia
    State
    Florida
    Longitude
    -81.30277
    Latitude
    29.02968

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    FAQs

    What type of property is this?
    Mixed-use property - High-Traffic, Fully Occupied Investment
    Where is this mixed-use property located?
    The property is located at 114 Rich Ave Deland, FL.
    What is the asking price?
    The asking price for this property is $799,000.
    (386) 734-8890
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    114 Rich Ave Deland, FL 32724
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    Deland, FL 32724
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 Rich Ave Deland, FL 32724
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