$772,000
725 W Granada Boulevard, Ormond Beach, FL 32174
Ormond Beach, FL 32174
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About This Property
Three fully leased office condo units offered as a portfolio on Ormond Beach's busiest commercial corridor. Granada Professional Center offers three office condo units built in 2006, featuring high ceilings, storm-rated doors and windows, ample on-site parking, and prominent multi-tenant monument signage along W. Granada Boulevard (State Road 40), which carries over 33,500 vehicles per day. The units are 100% occupied by Hopkins Hearing Institute, Seahaven Chiropractic, and The Vanity Room Salon, delivering a diversified, healthcare-focused income stream supported by a surrounding trade area with an average age of 51.1 and household incomes approaching $84,300 within three miles. Offered at $772,000 with a 7% cap rate and a current NOI of $53,951.69, this is a rare, fully stabilized investment opportunity well suited for a private investor or 1031 exchange buyer seeking low management, cash-flowing assets in a high-demand Florida market.
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Property Details
Listing Information
Listing provided courtesy of Carl Lentz, SVN Alliance Commercial Real Estate Advisors.
MLS #: 1225930 — Daytona Beach Area MLS (DBAMLS).
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