Value Add Retail Center

For Sale

661 Beville Road, South Daytona, FL 32119

This South Daytona property for sale is located at 661 Beville Road. The current listed sale price for Value Add Retail Center is $3,000,000. Value Add Retail Center is situated on a lot that is 2.29 acre in size.

Contacts

broker

Michael Baxter

SVN | Alliance Commercial Real Estate Advisors

(386) 999-1762

Property Details

  • Property Type Retail - Strip
  • Property Size 29,519 SF
  • Units 20
  • Lot Size 2.29 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1981
  • Year Renovated 1993
  • Date Updated Apr 18, 2024
Located on the south side of Beville Road about 1 mile west of Ridgewood Avenue (US-1) in South Daytona, FL.Office/Retail center (Contemporary Plaza) for sale on busy Beville Road (SR-400) in South Daytona, FL. Value-add opportunity. Raise occupancy with cosmetic repairs/improved property management. 6 new tenants procured in the last 12 months. This center is currently only 60% occupied. Gross remaining potential rent is $160,380. Pro-Forma Cap Rate is 7.5%. Vacant spaces are leasable with minor work. 110+ parking spaces. Large monument sign with excellent visibility. Elevator access to second floor office space. Affordable rental space for small business owners and satellite offices.Affordable, highly visibly space for lease in Contemporary Plaza under new management. Spaces ranging from 800-3,200 square feet (retail or office). Tenants pay rent, utilities, and sales tax. Owner pays real estate taxes, property insurance and handles property maintenance. Excellent signage and parking. Several "move-in ready" spaces perfect for office headquarters or satellite. Other spaces in need of some cleaning/minor renovation can be available quickly. Just minutes east of proposed Amazon warehouse project coming soon.

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Highlights

  • Asking price is less than $102/SF (well below cost of replacement).
  • Concrete block construction. Half of the roof replaced in October 2016.
  • Located just minutes from proposed 3MM square foot Amazon project in Daytona Beach.
  • 23,500 Average Daily Traffic count.

Getting around

  • 61/100

    Walk Score ®

  • 48/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City South Daytona, FL
  • Neighborhood South Daytona
  • Zip Code 32119
  • Market North Central Florida

Points of Interest

  • Mobil

    0.13 miles

  • Sunoco

    0.85 miles

  • Shell

    1.08 miles

  • Sunoco

    1.22 miles

  • Texaco

    1.28 miles

  • 7-Eleven

    1.55 miles

  • Sunoco

    1.70 miles

  • Citgo

    1.85 miles

  • Sunoco

    2.03 miles

  • Wawa

    2.10 miles

  • Atlantis South Lot

    1.87 miles

  • Sabre Lot

    1.91 miles

  • Sabre West Lot

    1.92 miles

  • Atlantis Center Lot

    1.92 miles

  • Lindbergh Lot

    1.94 miles

  • Atlantis North Lot

    1.97 miles

  • Citation Center Lot

    1.97 miles

  • Columbia Lot

    1.99 miles

  • Citation East Lot

    1.99 miles

  • Defender Lot

    2.14 miles

  • Masala Indian Cuisine

    0.22 miles

  • C's Waffles

    0.26 miles

  • Ultimate Omelet House

    0.57 miles

  • El Tequila's

    0.58 miles

  • Backyard BBQ

    0.60 miles

  • Arby's

    0.60 miles

  • Firehouse Subs

    0.63 miles

  • Martini's Organic Restaurant

    0.65 miles

  • Ocean Buffet

    0.66 miles

  • Domino's

    0.70 miles

  • Lee's Market

    0.19 miles

  • Handee Stop

    0.74 miles

  • Perrine's Produce

    0.95 miles

  • ALDI

    0.95 miles

  • Walmart

    1.00 miles

  • Asian Market

    1.15 miles

  • Publix

    1.34 miles

  • Sunshine Park Mall

    1.36 miles

  • Perrine's Produce

    1.38 miles

  • Publix

    1.69 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Michael Baxter

SVN | Alliance Commercial Real Estate Advisors

(386) 999-1762