499 Nova Rd Ormond Beach, FL 32174

Property Details for 499 Nova Rd

Year built

1983

Lot size

4.60 lot acres

Property size

49,975 SF

Property type

Churches & religious facilities

Property subtype

Schools

APN

422100030090

Description

This exceptional ±50,000 square foot school building, situated on a 4.6-acre lot in Ormond Beach, Florida, presents a unique investment opportunity. The property, built in 1983 with significant renovations in 2010, boasts 22 oversized classrooms (averaging ±750 square feet), many with private bathrooms, an indoor playground (convertible to additional classrooms), a 10,000 square foot gymnasium with a 20-foot ceiling, a commercial-grade kitchen, cafeteria, and ample lobby space. The building also includes a multipurpose area, additional rooms, and museum/display space. The property features 185 parking spaces with expansion potential and is conveniently located on 290 feet of frontage on S Nova Rd, with monument signage. Zoned for private school/college use (7200) with underlying B-8 commercial zoning, this versatile property is ideally suited for a variety of uses, including private/charter/parochial schools, sports complexes, or religious institutions. The property is located approximately 3 miles from I-95, benefiting from the explosive growth in Ormond Beach and surrounding areas, with thousands of new residential units built within a 5-mile radius. The building includes numerous recent upgrades, including a new fire alarm system, sprinkler system, HVAC units (2016), and roof coating (2016). Furniture, fixtures, and equipment are included in the sale. The asking price is $6,650,000, with owner financing available with a minimum $3 million down payment. The property is sold "as is," subject to buyer inspections. All information is believed accurate but is not guaranteed and may be subject to errors and omissions.