300 Yonge St Ormond Beach, FL 32174
Call to check price and availability
12,840 SF Flex Space, High ROI Potential
Property size:
12,840 SFProperty Features for 300 Yonge St
General Information
- Property type
- Flex space
- Square Feet
- 12,840 SF
- Lot Size
- 30,492 SF
Building Details
- Buildings
- 2
- Stories
- 1
- Units
- 10
Listing Agent: Michael Baxter
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Ormond Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.0558022
- Latitude
- 29.2706785
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - 12,840 SF Flex Space, High ROI Potential
Where is this flex space located?
The property is located at 300 Yonge St Ormond Beach, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: $1,450,000 asking price for a 12,840 SF multi-tenant flex industrial property in Ormond Beach, FL.; Property consists of two buildings on a 0.7-acre lot with a total of ten units.; Building at 330 S. Yonge St.: 2,400 SF concrete block warehouse, $3,400/month NNN lease expiring 9/24/2024, new roof (2018).
