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HUGE PRICE REDUCTION!! 6.5 CAP RATE!! Prime downtown DeLand, FL location. City of DeLand, FL is a very dynamic and high growth community. Formerly noted as #1 Mainstreet in America. Buildings were constructed in stages (1969, 1972 and 1981). Many recent updates included new electrical services for building 1, recent membrane roofs and recent new parking lots. Total of 11 office units in 2 buildings (some combined) and hair and beauty salons. All units are leased. Individual electrical meters and a/c units. 57 car private parking lot is full street to street. Same family ownership since 1949. 2 blocks from center of DeLand. Financial and maintenance records available for review by qualified buyers (proof required) who sign NDA attached.
Features
Age: 41-50 Years Old
Architecture Style: Other
Cooling System: Central Air
Exterior Type: Frame
Exterior Type: Block
Exterior Type: Concrete
Floor Covering: Carpet
Heating System: Electric (Heating)
Legal Description: W 100 FT OF E 180 FT OF LOT 2 EXC N 5.60 FT ON E/S & 6.67 FT ON W/S IN HWY BLK 1 HOWRYS ADD DELAND -and- E 1/3 of W 3/5 of Lot 3, Blk 1, Howrys Add DeLand