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501 S Orange Street

New Smyrna Beach, FL 32168
  • $1,025,000
  • STATUS: Closed
  • ON SITE: 158 Days
  • MLS #: 1104135
Sold - 05/31/2023
$1,025,000
SOLD - 05/31/2023
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,025
    SQFT
  • $339
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2014
County:

School Ratings & Info

Description

NNN Investment Property in desirable New Smyrna Beach. 3,025 SF freestanding medical office building. Sale/leaseback opportunity - Medical practice tenant with multiple Central FL locations. New 5 year NNN lease with renewals will be signed at closing. 6.0% cap rate year one with 3% annual increases. Functional medical floor plan; 4 exam rooms, 2 offices, 1 procedure room, 2 restrooms, large lobby, administration, breakroom, etc. Tenant has been operating out of this location since 2014. Freshly painted exterior and landscaping.An excellent addition to your real estate portfolio!

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© 2023 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cook Group Luxury Real Estate | Realty Pros Assured. Data last updated: 2023-06-05T00:43:46.887.
www.cookgroupdaytona.com/homes/135620216
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501 S Orange Street New Smyrna Beach, FL 32168

  • Price: $1,025,000
  • Status: Closed
  • On Site: 158 Days
  • MLS #: 1104135
0
Beds
0
Baths
0
½ Baths
0.34
Acres
3,025
SQFT
$339
$/SQFT
2014
Built
Neighborhood:
New Smyrna Beach E of 95
County:
Volusia
Area:
New Smyrna Beach E of 95
Property Description
NNN Investment Property in desirable New Smyrna Beach. 3,025 SF freestanding medical office building. Sale/leaseback opportunity - Medical practice tenant with multiple Central FL locations. New 5 year NNN lease with renewals will be signed at closing. 6.0% cap rate year one with 3% annual increases. Functional medical floor plan; 4 exam rooms, 2 offices, 1 procedure room, 2 restrooms, large lobby, administration, breakroom, etc. Tenant has been operating out of this location since 2014. Freshly painted exterior and landscaping.An excellent addition to your real estate portfolio!
Interior Features

Office 3025.00 Sq Ft Total 3025.00

Property Features

Building Type Location CommercialFree StandingOffice Building Business Type MedicalProfessional/Office Commercial Property Name Nnn Medical Office Commercial Style Comm-Land & Bldg Incl Franchise Opt In No Homestead Exemption No Nrr Req No Possible Use General OfficePersonal ServiceProfessionalProfessional Service Tax Year 2021 Taxes 7784.00 Zoning Text B-6

Listing courtesy of Carl Lentz of Svn Alliance Commercial Real Estate Advisors: (386) 310-7900.


© 2023 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cook Group Luxury Real Estate | Realty Pros Assured. Data last updated: 2023-06-05T00:43:46.887.
 
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