103 Ctr St, Pierson, FL 32180-2375
- Retail space
- 8,000 SF
- 1.69 lot acres
Current Use by Public Records
- Family Dollar #7953 / Discount Store
Property Details for 103 Ctr St
- Year built
- 2009
- Construction
- WOOD
- Lot size
- 1.69 lot acres
- Property type
- Retail space
- APN
- 4834-11-00-0030
- APU
- 483411000030
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 1, 2023 | $725,000 | Trc Pierson 2 LLC | Pierson Groceries Outlet INC | Warranty Deed | $1.3M · United Community Bank |
| Jan 9, 2019 | $225,000 | Pierson Groceries Outlet INC | Family Dollar Stores Of Florid | Grant Deed | — |
| Jan 15, 2010 | $1,140,000 | Family Dollar Stores Of Florida I | Trc Pierson LLC | Grant Deed | — |
| Jan 22, 2009 | $190,000 | Trc Pierson LLC | Mantle,charles C | Warranty Deed | $842k · National Bank South Carolina |
Description
This exceptional investment opportunity presents a 10,500-square-foot retail property located at 103 N Center St, Pierson, FL 32180, within the Daytona Beach MSA. The property, built in 2009 and renovated in 2023, sits on a 1.69-acre lot and boasts 42 parking spaces. Currently occupied by a Family Dollar and Dollar Tree, operating under a single, corporate-guaranteed Net Lease, this property offers a strong, stable income stream. The lease includes rent bumps, ensuring future income growth. The building features a single story and is zoned CG. With a 100% occupancy rate, the property generates a substantial Net Operating Income (NOI) of $138,285, resulting in a compelling 6.75% capitalization rate. The asking price is $2,048,667, translating to $195.11 per square foot. This is a rare chance to acquire a well-maintained, high-performing retail asset in a desirable location with a strong tenant history and significant upside potential. The property's location on N Center Street benefits from a daily vehicle count of approximately 7,900. This is a turnkey investment ideal for passive income seekers. The property's APN is 4834-11-00-0030.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $735,000
- ML approach
- $755,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $797,000
Market price range: $798k - $2.23M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pierson
- County
- Volusia
- State
- Florida
- Longitude
- -81.4624
- Latitude
- 29.2416
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
