Listed by Coldwell Banker Vanguard Commercial
$149,900
410 W Beresford Avenue
Details
APN 702007010600
Property Type Special Purpose
Sub Type Other
Square Footage 2,813
Net Rentable (SqFt) 2,813
Units 1
Cap Rate 14.01%
NOI $21,000
Occupancy 100%
Lease Type NN+
Lease Term 0.2
Lease Expiration 08/31/2024
Pro-Forma Cap Rate 14.01%
Pro-Forma NOI $21,000
Broker Co-Op Yes
Class C
Year Built 1955
Year Renovated 2006
Buildings 1
Stories 1
Acreage 0.130
Zoning C
Parking Spaces 35 spaces
Parking Per SqFt 12.44
Investment Type Net Lease
Lease Commencement 07/01/2024
Ownership Fee Simple
Great Former Restaurant - possible bar
Marketing description
Seller says SELL! PRICE DRASTICALLY REDUCED! Perfect facility & location for BBQ or other restaurant, bar & grill, sports bar, catering kitchen, event venue, club, or convert to other uses - retail, commercial, office. Original BBQ pits are intact. The adjacent vacant lot is included which increases the overall lot area to over 1/4 acre. The vacant lot could be used for extra parking now or maybe business/building expansion with proper zoning change approvals & permitting. Buyer should satisfy themselves for uses, expansion & verifying adjacent lot details. City of Deland claims zoning has reverted back to low density residential but acknowledges that this has been a commercial use since 1982. So a variance or special use permit may be required. Again, Buyer should verify.Great location directly across from Edith I. Starke Elementary School.
Investment highlights
Solid Block Construction
Vacant Lot Next Door Included
Priced at Land value
Listing Contacts
Listed by Coldwell Banker Vanguard Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$21,000.00
$1,750.00/mo
Valuation Metrics
0
DSCR
14.01%
Cap Rate
14.01%
ROI
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