Current Use by Public Records
- Warehouses
Property Details for 1815 Us-1
- Year built
- 1966
- Lot size
- 7.46 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 19,665-square-foot industrial property in Ormond Beach, Florida, presents a compelling owner-user investment opportunity. Situated on a substantial 7.46-acre lot, this single-story, Class C building offers versatile flex, manufacturing, and warehouse space. The property boasts high ceilings ranging from 8 to 14 feet, multiple ground-level doors, and loading docks, catering to diverse operational needs. The 17,828-square-foot net rentable area is priced at $139.84 per square foot. Built in 1966, the building is zoned I-1 Light Industrial, permitting a wide array of uses, including warehouse storage, vehicle repair, business services, and more. Its strategic location in Volusia County provides easy access to I-95, facilitating convenient commutes to Jacksonville and Orlando. The property's proximity to the future Ormond Crossing development further enhances its long-term growth potential. The land itself offers significant expansion or development opportunities, with a land value of $10 per square foot. This multi-tenant property is offered at $2,750,000, representing a rare chance to acquire a substantial industrial asset in a high-growth area with excellent access to major transportation arteries. The property's high traffic count (17,500 AADT) underscores its prime location and potential for strong returns. The APN is 4242-10-01-0050. This is a gross lease property with no tenant credit rating.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ormond Beach
- County
- Volusia
- State
- Florida
- Longitude
- -81.1467
- Latitude
- 29.3475
