481 N US Highway 1 | Ormond Beach, FL 32174
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481 N US Highway 1
Ormond Beach, FL 32174
Office Property For Sale
Investment Highlights
- The property offers waterfront views
Executive Summary
Class A Office Building on US1 in an idyllic location that shares ''heart of town'' convenience with a direct proximity to I-95, the new Ormond Crossings and Flagler county to the north. This nearly 4000 sq ft solid block structure is perched just above the banks of the Tomoka River with a garden area overlooking the water. Officially two units, (479 & 481 N Yonge) each have separate entryways, reception areas, kitchens etc. While the current owner occupies the entire building with a hallway that connects both units, it is the ideal situation for two businesses with separate parking areas and entryways on opposite sides of the property. The interior space was professionally designed before being built out by the area's top contractors and the spaces are simply lovely with high end finishes, extensive custom trim work that compliment solid core wood doors under volume ceilings. The layout is currently configured around 6 oversized executive offices with multiple semi-private support staff spaces situated amongst the common areas. Beyond the two complete kitchens with break rooms, a large storage and records room could easily be additional office space. A sprawling and inviting paver appointed private patio catches the morning sun on the quiet east side of the building. Subtle and effective monument signing in place with a possibility of erecting much larger signage. Desirable B-8 zoning allows for a multitude of uses including but not limited to retail sales and professional office. Priced at a fraction of replacement costs this offering represents one of the best values in this class with an Ormond Beach address.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
3,812 SF
Building Class
B
Year Built
1962
Price
£1,082,025
Price Per SF
£284
Number of Floors
1
Typical Floor Size
3,812 SF
Building FAR
0.14
Lot Size
0.64 AC
Zoning
B-8 - Allows for a multitude of uses including but not limited to retail sales and professional office
Parking
10 Spaces (2.62 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Courtyard
- Signage
- Waterfront
- Kitchen
- Reception
- Storage Space
- Central Heating
- High Ceilings
- Yard
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 4240-04-00-0060 | Improvements Assessment | £260,207 |
| Land Assessment | £60,634 | Total Assessment | £320,841 |
PROPERTY TAXES
Parcel Number
4240-04-00-0060
Land Assessment
£60,634
Improvements Assessment
£260,207
Total Assessment
£320,841
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