1398 Woodland Blvd Deland, FL 32720-7731

Investor opportunity: Acquire the fee simple interest in Woodland Plaza, a 74,593-square-foot, single-story Class B office building situated on a 17-acre lot in DeLand, Florida. This property, located at 1398 S. Woodland Blvd (zip code 32720), boasts excellent visibility and accessibility with six access points from Woodland Boulevard and New Hampshire Avenue. Currently 58% occupied with a single tenant under a NNN lease expiring January 31, 2029 (4.2 years remaining), the property generates a current NOI of $481,141. The net rentable square footage is 43,113 square feet. The property features ample parking with 748 spaces and is zoned C-2AC, maximizing redevelopment potential. Built in 1973, this asset presents a unique opportunity to capitalize on below-market tenant rents and explore the development of several potential outparcels. On-site drainage is already in place. This redevelopment opportunity allows for existing income generation while planning for future development after the current lease expires.