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    201 Granada Blvd Ormond Beach, FL 32176

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    For Lease
    Contact for pricing

    High-traffic retail space for lease.

    Lot size:
    107,066 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Granada Plaza presents a unique retail leasing opportunity encompassing 107,066 square feet of street retail space situated on the highly visible northwest corner of Granada Boulevard (SR 40) and Highway A1A. This single-suite property boasts 1,137 feet of frontage along Granada Boulevard, capitalizing on an impressive 38,500 AADT (average annual daily traffic) from the combined roadways. The property recently underwent a significant $1.5 million facade renovation and upgrade, enhancing its curb appeal and modern aesthetic. A key feature is the inclusion of a free-standing Starbucks with a drive-thru, adding to the property's appeal and drawing significant foot traffic. Its prime location directly across from the Atlantic Ocean provides exceptional visibility and accessibility, catering to both the substantial tourist population and the significant local market. With an estimated 85% year-round residency and over 2,100 hotel rooms within a three-mile radius, this location offers a consistent and diverse customer base. Currently, 4,200 square feet of retail space is available for lease within this thriving commercial center. This presents a rare chance to establish a presence in one of the highest traffic corners in the northern barrier island.

    Property Features for 201 Granada Blvd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    107,066 SF

    Unit(s) available at that property

    Space
    Unit 21
    Size
    4,200 SF

    HighLights

    • 107,066 SF retail center on the northwest corner of Granada Blvd (SR 40) and Hwy A1A.
    • Recently completed $1.5 million facade renovation.
    • Free‑standing Starbucks with drive‑thru.
    • 1,137 feet of Granada Blvd frontage.
    • 38,500 AADT on Granada Blvd and Hwy A1A; highest traffic corner in the northern barrier island.
    • Excellent oceanfront visibility, serving both tourist and local markets (85% year‑round residents).
    Property Profile Location Intelligence

    Current Use by Public Records

    Shell Convenience Store ATM Atm Salty Dog Surf ... Surf Shop Gorilla Bitcoin ATM Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ormond Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0417875
    Latitude
    29.2919841

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space for lease.
    Where is this individual retail property located?
    The property is located at 201 Granada Blvd Ormond Beach, FL.
    What are key features of this property?
    This property features: 107,066 SF retail center on the northwest corner of Granada Blvd (SR 40) and Hwy A1A.; Recently completed $1.5 million facade renovation.; Free-standing Starbucks with drive-thru.
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    201 Granada Blvd Ormond Beach, FL 32176
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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
    201 Granada Blvd Ormond Beach, FL 32176
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