For Sale $3,000,000
Property Type Retail - Strip
Property Size 29,519 SF
Units 20
Lot Size 2.29 Acre
Property Tenancy Multi-Tenant
Year Built 1981
Year Renovated 1993
Date Updated Apr 18, 2024

Located on the south side of Beville Road about 1 mile west of Ridgewood Avenue (US-1) in South Daytona, FL.Office/Retail center (Contemporary Plaza) for sale on busy Beville Road (SR-400) in South Daytona, FL. Value-add opportunity. Raise occupancy with cosmetic repairs/improved property management. 6 new tenants procured in the last 12 months. This center is currently only 60% occupied. Gross remaining potential rent is $160,380. Pro-Forma Cap Rate is 7.5%. Vacant spaces are leasable with minor work. 110+ parking spaces. Large monument sign with excellent visibility. Elevator access to second floor office space. Affordable rental space for small business owners and satellite offices.Affordable, highly visibly space for lease in Contemporary Plaza under new management. Spaces ranging from 800-3,200 square feet (retail or office). Tenants pay rent, utilities, and sales tax. Owner pays real estate taxes, property insurance and handles property maintenance. Excellent signage and parking. Several "move-in ready" spaces perfect for office headquarters or satellite. Other spaces in need of some cleaning/minor renovation can be available quickly. Just minutes east of proposed Amazon warehouse project coming soon.

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Highlights

Asking price is less than $102/SF (well below cost of replacement).
Concrete block construction. Half of the roof replaced in October 2016.
Located just minutes from proposed 3MM square foot Amazon project in Daytona Beach.
23,500 Average Daily Traffic count.

Contacts

Michael Baxter

SVN | Alliance Commercial Real Estate Advisors

(386) 999-1762

Location

Getting Around

Walk Score ®
61/100 Somewhat Walkable
Bike Score ®
48/100 Somewhat Bikeable

Map
Street

City South Daytona, FL
Neighborhood South Daytona
Zip Code 32119
Market North Central Florida

Points of Interest

Mobil

0.13 miles
Sunoco

0.85 miles
Shell

1.08 miles
Sunoco

1.22 miles
Texaco

1.28 miles
7-Eleven

1.55 miles
Sunoco

1.70 miles
Citgo

1.85 miles
Sunoco

2.03 miles
Wawa

2.10 miles

Atlantis South Lot

1.87 miles
Sabre Lot

1.91 miles
Sabre West Lot

1.92 miles
Atlantis Center Lot

1.92 miles
Lindbergh Lot

1.94 miles
Atlantis North Lot

1.97 miles
Citation Center Lot

1.97 miles
Columbia Lot

1.99 miles
Citation East Lot

1.99 miles
Defender Lot

2.14 miles

Masala Indian Cuisine

0.22 miles
C's Waffles

0.26 miles
Ultimate Omelet House

0.57 miles
El Tequila's

0.58 miles
Backyard BBQ

0.60 miles
Arby's

0.60 miles
Firehouse Subs

0.63 miles
Martini's Organic Restaurant

0.65 miles
Ocean Buffet

0.66 miles
Domino's

0.70 miles

Lee's Market

0.19 miles
Handee Stop

0.74 miles
Perrine's Produce

0.95 miles
ALDI

0.95 miles
Walmart

1.00 miles
Asian Market

1.15 miles
Publix

1.34 miles
Sunshine Park Mall

1.36 miles
Perrine's Produce

1.38 miles
Publix

1.69 miles

Frequently Asked Questions

What is the lease rate for Value Add Retail Center?

Rental asking rate at Value Add Retail Center is $1,500,000.00/YR.

What is the total square footage of Value Add Retail Center?

Value Add Retail Center totals 29,519 square feet.

When was this property built?

Value Add Retail Center was built in 1981.

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