Historic Mixed-Use Property in
228 W HOWRY Ave Deland, FL 32720
228 W HOWRY Ave, Deland, FL, 32720
$539,000
For Sale
$539,000
Historic mixed-use property with C-2 zoning in downtown DeLand.
Property Size3,572 SF
Lot Size0.82 Acres
Price / SF$150.90
Days on Market109
Property Features for 228 W HOWRY Ave
General Information
- Standard status
- Active
- Size
- 3,572 SF
- Lot size
- 0.82 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1883
Listing Agency
ADAMS, CAMERON & CO., REALTORS
(386) 852-7932
Listed by
Daniel Lyonnais · License #3196672
(386) 852-7932
Source
Elliman
Added: Mar 31 Checked: Jul 16 at 10:08 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ADAMS, CAMERON & CO., REALTORS
Investment Insights
Based on property information with market context.
This historic mixed-use property, constructed in 1883, is located in downtown DeLand and is zoned C-2. Situated on close to an acre, the property includes ample parking, a detached 551-square-foot apartment/guesthouse, and an in-ground swimming pool. The main house, featuring 3,572 heated square feet, contains five bedrooms, each with its own full bathroom, two large living areas, a dining room with a fireplace, a kitchen, and an office/flex room currently used as a hostess area/store. One bedroom and bath have a separate entry. The property is located within DeLand's Opportunity Zone and is situated two blocks from the center of downtown and very close to Stetson University. The property is currently used as a cafe, but has potential for various business uses, including general/professional offices, financial institutions, beauty salons, barbershops, day spas, tailor shops, dry cleaning retail or self-service, catering, craft food & beverage, restaurant, coffee shop, bakery, virtual kitchen, medical office, college or children school/institution, churches, museums, and thrift shops. It also has the potential to be a bed and breakfast.
Key Highlights
- Prime downtown DeLand location within an Opportunity Zone.
- C‑2 zoning allows for a wide range of commercial uses.
- Historic property (built in 1883) with 3,572 sq ft main house featuring 5 bedrooms, each with a full bathroom.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.2k | $21.60 |
| − Vacancy | −$6.6k | −$1.84 |
| EGI | $70.6k | $19.76 |
| − OpEx | −$26.5k | −$7.41 |
| NOI | $44.1k | $12.35 |
3,572 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$774.9K
$678.0K – $904.0K
NOI $54,242 @ 7.0% cap · market cap 10.06%
Second Best
Mixed Use
$630.3K
$551.5K – $735.4K
NOI $44,123 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$1.05M
$921.6K – $1.23M
NOI $73,726 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Tree of Cats
(Bike/Boat/Book/etc) Store
Sweet Tea Cafe
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Historic mixed-use property with C-2 zoning in downtown DeLand.
Where is this mixed-use property located?
The property is located at 228 W HOWRY Ave Deland, FL.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Prime downtown DeLand location within an Opportunity Zone.; C‑2 zoning allows for a wide range of commercial uses.; Historic property (built in 1883) with **3,572 sq ft main house featuring 5 bedrooms, each with a full bathroom.**
