Venetian Bay Commercial Condos

Located west of Interstate 95 between Pioneer Trail and SR 44 just off Airport Road.Two Commercial Condos totaling 6,604 SF with storefront on busy Luna Bella Lane. -Unit C (Suite 131): 4,354 SF is leased by Snap Fitness through April 2033. $62,819.12 Current Annual Base Rent 1/1/2024-12/31/2024, 4% annual increases except 2029 which has 19% increase, PLUS Tenant pays condo dues and real estate taxes. -Unit B (Suite 133): 2,250 SF is vacant and available for lease at projected $24.00 per SF base rent. $54,000 Annual Base Rent, PLUS Tenant will pay condo dues and real estate taxes. Projected Initial Cap Rate 7.8% with both units leased. Projected Overall Cap Rate 9.1% when factoring in all increases. Location has some of the best demographics in East Volusia County. The Downtown Venetian Bay Town Center has approximately 2,000 homes within a short walking distance and over 2,900 homes currently, with plans to grow to over 4,000 homes at full build-out. Additionally, there are 322 apartments under construction across the street. Currently estimated to be over 7,000 potential customers with over $75,000 plus Average Household Income. No hassle investment with Condo Association handling all building and grounds maintenance. Building signage available. Cash-in on local growth today!