Property summary
This exceptional 39,640-square-foot retail property, located at 1601 N Woodland Blvd in DeLand, Florida (32724), presents a unique investment opportunity. The vacant site, formerly a Sonic Drive-In, sits on a 0.91-acre lot and boasts a prime location on a heavily trafficked road, experiencing approximately 30,000 cars daily. Its strategic placement among established national franchises like Chili's, Walmart, and Zaxby's ensures high visibility and consistent foot traffic. The area is experiencing significant growth, with recent additions such as a Hampton Inn across the street and a new Culver's, along with upcoming developments including a Chipotle and Starbucks near existing businesses like Planet Fitness and McDonald's. The property features existing plumbing and electricity. The building and appliances are sold "as is." The property is zoned C-2 (City of DeLand) and was built in 2003. The asking price is $975,000, translating to a land value of $20.06 per square foot. This presents a compelling opportunity to capitalize on the burgeoning DeLand market and establish a thriving retail presence.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C2 · Deland, FLZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C2 in Deland, FL.
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