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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

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.
More about this property
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