212 E NEW YORK AVENUE Deland, FL 32724

Building Details

Year Built

1982

Listing office CHARLES RUTENBERG REALTY ORLANDO b***@yahoo.com Show Phone

Listing date Dec 7, 2024

Source Exitrealty

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Investment Insights

Based on property information with market context.

Located in downtown DeLand, Florida, this commercial property features a total of 11 office units and hair and beauty salons within two buildings. Constructed in stages in 1969, 1972, and 1981, the property has undergone several recent updates, including new electrical services for building 1, recent membrane roofs, and new parking lots. Each unit is leased and equipped with individual electrical meters and A/C units. A 57-car private parking lot spans from street to street. The property has been under the same family ownership since 1949. Situated two blocks from the center of DeLand, the property benefits from its location in a dynamic and high-growth community, formerly recognized as the #1 Mainstreet in America. The property offers a 6.5 cap rate. The building has a total size of 11,226 square feet.

Key Highlights

• 6.5 CAP Rate
• Prime downtown DeLand, FL location, just 2 blocks from center
• 11 office units and hair/beauty salons, all currently leased

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FAQs

What type of property is this?

Office units - Prime downtown DeLand location with leased office and salon units.

Where is this office units located?

The property is located at 212 E NEW YORK AVENUE Deland, FL.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: 6.5 CAP Rate; Prime downtown DeLand, FL location, just 2 blocks from center; 11 office units and hair/beauty salons, all currently leased