Small Investor Offering | Office Condo

  SOLD December 2023 for $435,000

424 Luna Bella Lane Unit D (Suite 130), New Smyrna Beach, Florida 32168


Documents
Building Size1,691 Square Feet
ZoningPUD
Year Built2007
Parcel No7307-04-00-0040
Cap Rate8.28%
  • 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.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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