114 Rich Ave Deland, FL 32724
- Mixed-use properties
- 4,368 SF
- 0.17 lot acres
Current Use by Public Records
- Moodz / Beauty Salon
Property Details for 114 Rich Ave
- Year built
- 1962
- Lot size
- 0.17 lot acres
- Property size
- 4,368 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property, located at 114 E Rich Avenue in the heart of historic Downtown Deland, Florida, presents a lucrative investment opportunity. The 4,368 square foot building sits on a 0.17-acre lot and boasts two thriving storefronts and three residential apartments, all currently occupied on a month-to-month basis. Two of the apartments have undergone complete renovations, showcasing modern updates, while the third apartment offers potential for value-add improvements. Both commercial spaces are in excellent condition and benefit from consistent tenant occupancy. The property enjoys a prime location, nestled amongst active businesses and experiencing high daily foot traffic. Ample public parking is readily available nearby, adding to the convenience for both tenants and customers. The property also includes private parking for added convenience. This turnkey investment is ideal for an investor seeking immediate cash flow and long-term appreciation potential. The seller is open to financing options, including seller financing, making this an even more attractive proposition. Don't miss this chance to own a piece of thriving Downtown Deland.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Deland
- County
- Volusia
- State
- Florida
- Longitude
- -81.30277
- Latitude
- 29.02968
