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31399662
31399663

1396 N Nova Rd, Holly Hill, FL 32117

Adams Cameron & Co Daytona Beach
Listed by Adams Cameron & Co Daytona Beach
$1,899,000
1067 days on market
Updated 94 days ago

Income Property-12,600 S.F. Building 1396 N. Nova Rd

Details
APN 5237-06-01-0020
Property Type Retail, Mixed Use
Sub Type Storefront, Convenience Store
Square Footage 12,600
Net Rentable (SqFt) 12,600
Units 16
Cap Rate 7.00%
NOI $115,000
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $151
Broker Co-Op Yes
Class B
Year Built 1981
Year Renovated 2022
Buildings 1
Stories 11
Acreage 0.630
Zoning B-4
Parking Spaces 20 per unit
Investment Type Net Lease
Occupancy Date 02/01/2026
Ownership Single
Sale Condition 1031 exchange

Motivated! Just leased up again with long term escalating leases.

Marketing description

12,600 SF | Top-Tier Block Construction with Immediate Income and Occupancy Options

This is an opportunity to own one of the best-built properties in the region. The 12,600 S.F. block construction building features durable concrete truss ceilings and has seen many recent, high-value upgrades.

Currently, the property is 100% leased, providing a stable income stream. However, for a buyer looking to establish or expand operations, there is an owner-occupancy opportunity for up to 3,900 S.F. of space. The building was constructed to offer maximum versatility (originally 16 self-contained spaces) and can easily accommodate a wide range of needs, such as dedicated retail up front and functional warehouse space in the back, complete with a roll-up door.

Recent Capital Improvements:

  • New digital sign installed last year ($15,000).
  • Roof sealing completed on the TPO roof.
  • New soffit lighting and professional paint touch-ups.

Located in the Volusia County Unincorporated Area, the property is ideal for many commercial uses. Qualified buyers are encouraged to inquire about the possibility of partial owner financing. Bring Offers!

Investment highlights

High Traffic Area

Block Construction

100% Occupied

Long Term Tenants

Digital Pole Sign

Signalized Corner

Listing Contacts

Adams Cameron & Co Daytona Beach
Listed by Adams Cameron & Co Daytona Beach

Valuation Calculator

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$115,000.00
$9,583.33/mo

Valuation Metrics

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DSCR
6.06%
Cap Rate
6.06%
ROI

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