556 MASON AVE, Daytona Beach, FL 32117
556 MASON AVE, Daytona Beach, FL 32117
556 MASON AVE, Daytona Beach, FL 32117
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$1,175,000
Est. payment /mo
7,200 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $163

Subdivision Mason & Carswells Holly Hill

MLS Listing ID O6453154

HOA Y/N No

Year Built 1953

Annual Tax Amount $9,696

Lot Size 2.410 Acres

Acres 2.41

Property Sub-Type Mixed Use

Source Stellar MLS

Property Description

We are pleased to present this stand-alone building for sale for a Direct Principal Buyer purchasing as an Investment Property with an 8.07Prcnt (+-) CAP RATE on a Long-Term Lease -- GREAT CASH FLOW!!

This site is approved for commercial/automotive use, over 8,600(+-) SF total (Multiple buildings), and sits on over 2.4(+-) Acres with over $150,000(+-) in Renovations.

The Existing Tenant has an 11-year NNN Lease currently at $7,906/month (2026), 3prcnt annual escalation (excluding final year 2035).

There is still over 9 years remaining on the Lease (11-year lease). The Lease is a NNN lease. Tenant pays property taxes and insurance. There is a 3prcnt Annual Increases until 2034. There is no increase on the last year 2035 (rent is the same in 2035 as it is in 2034). Rent increases are in February of each year.

Location

State FL

County Volusia

Community Mason & Carswells Holly Hill

Area 32117 - Daytona Beach

Interior

Cooling Central Air

Exterior

Utilities Available Electricity Available, Phone Available, Water Connected

View Y/N No

Water Access No

Building

Story 1

Foundation Block

Lot Size Range 2 to less than 5

Water None

Structure Type Block

New Construction false

Others

Ownership Fee Simple

Acceptable Financing Lease Back

Listing Terms Lease Back

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6453154


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Stellar MLS
Listed by Mark Allen COMMERCIAL REAL ESTATE PROF IN

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Milton Knight

Milton Knight

+1(786) 917-3337

Principal Real Estate Broker License ID: 0663675

Principal Real Estate Broker License ID: 0663675

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