$7,200,000
DeLand, FL 32720
MLS# 1074019
Status: Pending
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Property Description
Located on an entire City block of 3.77 acres in Downtown Deland, the Bank of America Building is centrally located in close proximity to Stetson University, the Volusia County Courthouse and the Downtown Deland Historic District. Bank of America occupies the first floor of the building and other strong tenants include The County of Volusia, The State of Florida and The Department of Children and Families. The building is currently 75% occupied with a total of 14,852 Square Feet available for an end user with 9,596 Square Feet contiguous. There are several prospective tenants for the vacant spaces and the seller will lease to these tenants or reserve for an end user. Current Net Income is $232,000 with tremendous upside potential with market leases in the vacant units.
Details
Contract Information
Listing Date: 2020-08-03
List Price: $7,200,000
Current Price: $7,200,000
List Price/Acre: 1909814.32
Sellers Preferred Escrow Agent: N/A
Location, Tax & Legal
Area: 92 - Deland
Street #: 230
Compass: N
Street Name: Woodland
Street Suffix: Boulevard
County: Volusia
State/Province: FL
Zip Code: 32720
Year Built: 1974
Commercial Style: Comm-Land & Bldg Incl
Tax ID: 7009-01-09-0010
Homestead Exempt: No
Directions: A full City Block in the heart of Deland, FL. The property is bordered by N Woodland, W Wisconsin, N FL and W Church
General Property Description
Business Income/Oppty: Office Building
Commercial Property Name: Downtown Deland
# Parking: 205
SqFt - Total: 66173
A/V Surveillance: No
Acreage: 3.77
Lot Size: 3.77 Acres
Zoning: Professional
Zoning (Text): C-2A
Current Use: Bank Of America
Ceiling Height: 14
Franchise Opt In: No
Status Change Info
Status: Pending
Under Contract Date: 2022-04-07
SqFt
Office SqFt: 66173
Property Features
Business Type: Professional/Office
Bldg Type/Location: Commercial; Free Standing; Office Building; See Remarks
Possible Use: General Office; Office/Showroom; Personal Service; Professional; Professional Service
Supplements
The building has shared restrooms on each floor and common area space accounts for 20% of the area. It is cooled by a chiller system that has been recently upgraded. Phase 1 and 2 Environmental Assessments have been completed.
Please do not tour property without being accompanied by listing broker.
Downtown Deland Office Investment
End User Space Available- +/-15,000 Square Feet
Entire City Block-3.77 Acres
Opportunity Zone
Bank of America as Anchor Tenant
75% Occupied With a List of Prospective Tenants
Building Conditioned by Centralized Chiller System
Phase 1 and 2 Environmental Assessment Completed
Listing Office: SVN Alliance Commercial Real Estate Advisors
Last Updated: April - 22 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing data provided by the Daytona Beach Area Association of REALTORS®' Internet Data Exchange (IDX) program. Data is believed to be accurate but not warranted.