374 Atlantic Ave Ormond Beach, FL 32176-8198
This exceptional Ormond Beach commercial property, located at 374 S Atlantic Avenue, presents a unique redevelopment opportunity. The 4,361 square foot building, constructed in 1949, sits on a generous 13,651.7 square foot lot. Currently configured as a mix of retail and office spaces, the property offers significant potential for a variety of uses. The building features five small offices in the rear and four retail spaces with prominent display windows facing Atlantic Avenue, ensuring high visibility and excellent traffic exposure. Ample parking is available both in front and behind the building. The property is priced at $469,000, translating to approximately $100 per square foot. The existing structure requires complete renovation or demolition, making it ideal for an investor or developer seeking a blank canvas to create a modern, high-impact commercial space. The property's location on bustling South Atlantic Avenue in Ormond Beach, Florida (zip code 32176), offers unparalleled access to a thriving community and high foot traffic. Cash offers are preferred. This is a rare chance to acquire a substantial commercial property in a prime location at a highly competitive price. The single-story building presents a straightforward redevelopment project with significant upside potential. Don't miss this opportunity to capitalize on the vibrant Ormond Beach market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.