620 Atlantic AveOrmond Beach, FL 32176

Property Details for 620 Atlantic Ave

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.80 AC

Property size (Sq ft)

21,394 SF

Property type

Retail properties

Property subtype

Community centers

APN

4223-05-11-0010

APU

422305110010

Description

This exceptional Ormond Beach, Florida retail property, the Ellinor Village Shopping Center, offers 19,707 square feet of vacant space in a 22,176 square foot building situated on 2.8 acres of land. The single-story, 1970-built center underwent a complete renovation in 2021, boasting excellent visibility on Atlantic Avenue (A1A), a major tourist route. The property features four suites, with a minimum divisible space of 2,122 square feet and a maximum contiguous space of 8,068 square feet. Its B-7 zoning allows for a variety of retail uses. The center enjoys a prime beachside location, just south of Granada Boulevard, adjacent to public parking and across from beach access and several hotels. Nearby businesses include ABC Fine Wine & Spirits, Pizza Hut, and numerous restaurants. Estimated CAM, real estate taxes, and insurance are $6.00 per square foot. The property's APN is 4223-05-11-0010, located at 620 S Atlantic Ave, Ormond Beach, FL 32176. This is a unique opportunity to establish a presence in a thriving coastal community.

• CAP approach

  CAP return

  Valuation

  6%

  $5,353,298

  6.5%

  $4,941,506

  7%

  $4,588,542

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,018,295

  Geo Method

  $6,018,295

• Alternative Use

  Use

  Valuation

  Residential

  $4,168,345

  Hospitality

  $3,818,182

  Educational

  $3,176,682

  Medical

  $3,285,934

  Retail

  $4,941,506

Location Insight

City

Ormond Beach

County

Volusia

State

Florida

Latitude

29.2765

Longitude

-81.0329

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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