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Lease Back - $250k Reduction for CASH BUYER 556 Mason Ave

8,628 SF Retail Building Daytona Beach, FL 32117 £1,065,150 (£123/SF) 8.25% Net Initial Yield

Investment Highlights

  • Seller Lease Back: 10 Year Term - 3% Annual Escalations - $9,281.25/year one + NNN
  • 80' +/- Frontage Mason Ave
  • Seller will provide corporate and personal Guarantee and strong financials as tenant
  • 2.4 Acre Lot Zoning BR-1
  • Over $150,000 in renovations

Executive Summary

Commercial Real Estate Professionals, Inc. and Mark Allen are pleased to offer this stand-alone building for sale. This site is approved for commercial/automotive use, over 8600 SF total (Multiple buildings), and sits on over 2.4 Acres with over $150,000.00 in renovations. The seller will lease back the site for 10-years at $9,281.25/year one, 3% annual escalation, NNN lease, and will provide strong financials and personal/corporate guarantee. Zoning is BR-1
$250,000.00 Price Reduction for CASH BUYER

Property Facts

Sale Type
Investment
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,628 SF
Building Class
C
Year Built
1953
Price
£1,065,150
Price Per SF
£123
Net Initial Yield
8.25%
NOI
£87,875
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
2.40 AC
Zoning
BR-1 - BR-1
Parking
50 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
80 ft on Mason Ave

Amenities

  • Fenced Lot
  • Pylon Sign
  • Security System
  • Signage
  • Roof Lights

Links

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556 Mason Ave, Daytona Beach, FL - aerial map view
Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
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Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 4244-01-34-0033 Improvements Assessment £134,163
Land Assessment £285,130 Total Assessment £419,294

PROPERTY TAXES

Parcel Number
4244-01-34-0033
Land Assessment
£285,130
Improvements Assessment
£134,163
Total Assessment
£419,294
(407) 737-9797

  • Listing ID: 31532013

  • Date on Market: 17/04/2024

  • Last Updated:

  • Address: 556 Mason Ave, Daytona Beach, FL 32117

The Retail Property at 556 Mason Ave, Daytona Beach, FL 32117 is currently available For Sale. Contact Commercial Real Estate Professionals, Inc for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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Lease Back - $250k Reduction for CASH BUYER | 556 Mason Ave
(407) 737-9797 x

Lease Back - $250k Reduction for CASH BUYER | 556 Mason Ave

Mark Allen

(407) 737-9797

(407) 737-9797

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