Return to Listing With Agent Info Without Agent Info

Small Investor Offering | Office Condo

424 Luna Bella Lane Unit D (Suite 130), New Smyrna Beach, Florida 32168
Sold: $435,000
Small Investor Offering | Office Condo

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
1,691 sqft
Zoning
PUD
Year Built
2007
Cap Rate
8.28%
Parcel No
7307-04-00-0040

Property Description

  • Buy now and let the existing tenant cover the carrying costs. Then, as an owner or investor, lease to a tenant who will benefit from a high foot traffic location with some of the best demographics in East Volusia County.
  • Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently and growing to over 4,000 homes in Venetian Bay at full build out.
  • Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income.
  • 1,691 SF Commercial Condo with storefront on Luna Bella Lane currently leased to a development company while they are building 322 multifamily units across the street.
  • $41,408.22 Annual Base Rent, 8.28% Cap Rate, PLUS Tenant pays condo dues and real estate taxes.
  • No hassle investment with Condo Association handling all building and grounds maintenance.
  • Building signage available.
  • Cash-in on local growth today!

LOCATION OVERVIEW
Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.

Location

Contact

John W. Trost, CCIM
John W. Trost, CCIM
SVN | Alliance Commercial Real Estate Advisors
Office: (386) 301-4580
Mobile: (386) 295-5723
[email protected]