Income-producing executive office condominium with immediate cash flow and value-add potential! Renovated 784 SF office condo featuring three private suites, reception/waiting area, kitchenette, private restroom, keypad entry, and ample common parking. Two suites are leased with an existing shared occupancy arrangement generating additional rental income. Pursuant to the current lease, the shared tenant has the option to lease the entire suite at a higher rental rate upon transfer of ownership, providing built-in upside. Current gross annual income is approximately $22,880 with potential gross income of approximately $31,720 when fully leased. HOA includes roof, exterior maintenance, landscaping, parking, water, sewer, trash, and building insurance. Excellent Granada Blvd. location with approximately 35,000 AADT. Ideal investment or owner-user opportunity for medical, wellness, counseling, legal, insurance, accounting, or professional office use.
| MLS # | V4950463 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $304 |
| Sub-Type | For-sale |
| Status | Pending |
| Year | 1988 |
| Days On Site | 16 |
| Listing Provided By | NEXTIER | Ursula Merrifield |
| SQ Feet | 784 |
|---|---|
| Zoning | COMMERCIAL |
| Acreage | 0.02 |
| Property | 1218 |
|---|
| State | FL |
|---|---|
| County | Volusia |
| City | ORMOND BEACH |
| Zip Code | 32174 |
| Area | 32174 Ormond Beach |
| Community Name | BOULEVARD 01 CONDO |
| Listing VS Median (in BOULEVARD 01 CONDO) | |
Price: $139,000 low | high Med: $139,000 sqft: 784 low | high Med: 784 $ / sqft: $177 low | high Med: $177 On site: 16 low | high Med: 59.5 | |
| State | FL |
|---|---|
| County | Volusia |
| City | ORMOND BEACH |
| Zip Code | 32174 |
| Area | 32174 Ormond Beach |
| Community Name | BOULEVARD 01 CONDO |
| Listing VS Median (in BOULEVARD 01 CONDO) | |
Price: $139,000 low | high Med: $139,000 sqft: 784 low | high Med: 784 $ / sqft: $177 low | high Med: $177 On site: 16 low | high Med: 59.5 | |