300 Yonge StOrmond Beach, FL 32174

This exceptional investment opportunity presents a multi-unit warehouse complex ideally situated in Ormond Beach, Florida. The property encompasses 12,840 square feet across two buildings on a 0.7-acre lot, featuring a mix of concrete block and steel construction. The complex consists of ten units, with eight 1,000 square foot units in one building and two larger units in a separate building. Six of the smaller units are currently leased at $1,000-$1,050 per month, net, net, net (NNN), on short-term leases, offering immediate income and potential for rent increases. One larger unit (2,400 square feet) in a concrete block building is leased at $3,400 per month NNN, expiring September 24, 2024, and features a roof installed in 2018. The second larger unit (2,440 square feet) in a steel building is currently leased at $2,500 per month NNN, with scheduled rent increases to $2,600 in February 2025 and $3,000 in February 2026, expiring January 31, 2027. Two smaller units are currently vacant, providing additional income potential. The property is zoned B-5 and offers a compelling combination of existing income and value-add potential through lease renewals and rent increases. The asking price is $1,450,000, representing $112.93 per square foot and $145,000 per unit. The property's address is 300 S Yonge St, Ormond Beach, FL 32174, with APN numbers 42143210060250, 42143210060370, and 42143210060350. Currently, the property has a 63% occupancy rate. This property is perfect for an investor seeking strong cash flow or an owner-user looking to occupy a portion of the space while generating rental income.