SQUARE FEET7,200
MLS#O6453154
STATUSActive
PROPERTY TYPECommercial -
SUBDIVISIONMASON & CARSWELLS HOLLY HILL
Property Description
We are pleased to present this stand-alone building for sale for a Direct Principal Buyer purchasing as an Investment Property with an 8.07Prcnt (+-) CAP RATE on a Long-Term Lease -- GREAT CASH FLOW!!This site is approved for commercial/automotive use, over 8,600(+-) SF total (Multiple buildings), and sits on over 2.4(+-) Acres with over $150,000(+-) in Renovations. The Existing Tenant has an 11-year NNN Lease currently at $7,906/month (2026), 3prcnt annual escalation (excluding final year 2035).There is still over 9 years remaining on the Lease (11-year lease). The Lease is a NNN lease. Tenant pays property taxes and insurance. There is a 3prcnt Annual Increases until 2034. There is no increase on the last year 2035 (rent is the same in 2035 as it is in 2034). Rent increases are in February of each year.
Property Features
Property Type: Commercial -
Cooling: Central Air
Lot Size: 2.41 Acres
Stories: 1.0
Taxes: $9,696
Year Built: 1953
Feature Descriptions
Days on Site: 2
Directions: I-4 Express from E Colonial Dr and N Magnolia AveFollow I-4 Express and I-4 E to US-92 E/W International Speedway Blvd in Daytona Beach. Take the I-95 N exit from I-4 EContinue on US-92 E/W International Speedway Blvd to your destination
Exterior: Block
Flood Zone Code: AE
Foundation: Block
Home Warranty Y/N: No
Listing Terms: Lease Back
Lot Dimensions: 2.41
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Showing Instructions: 24 Hour Notice
Special Sale Provisions: None
Utilities: Electricity Available, Phone Available, Water Connected
Water: None
Water Access Y/N: No
Listed By / Shown By
Listed By
Agency Name: COMMERCIAL REAL ESTATE PROF IN
Agency Contact: 407-737-9797
Shown By
Agent Name: Louis Castriota
Agent Phone:
Agency Title: Glory International Real Estate Company
556 Mason Avenue | MLS# O6453154
This commercial property located at 556 Mason Avenue, Daytona Beach, FL 32117 is currently listed for sale with an asking price of $1,175,000. Search Daytona Beach real estate on lcastriota.gloryire.com today.