230 N Woodland Boulevard , #300

Description

Located on an entire City block of 3.77 acres in Downtown Deland, the Bank of America Building is centrally located in close proximity to Stetson University, the Volusia County Courthouse and the Downtown Deland Historic District. Bank of America occupies the first floor of the building and other strong tenants include The County of Volusia, The State of Florida and The Department of Children and Families. Located in an Opportunity Zone. The building is currently 75% occupied with a total of 14,852 Square Feet available for an end user with 9,596 Square Feet contiguous. There are several prospective tenants for the vacant spaces and the seller will lease to these tenants or reserve for an end user.Current Net Income is $232,000 with tremendous upside potential with market leases in the vacant units. The building has shared restrooms on each floor and common area space accounts for 20% of the area. It is cooled by a chiller system that has been recently upgraded. Phase 1 and 2 Environmental Assessments have been completed. Please do not tour property without being accompanied by listing broker. Downtown Deland Office Investment End User Space Available- +/-15,000 Square Feet Entire City Block-3.77 Acres Bank of America as Anchor Tenant Opportunity Zone 75% Occupied With a List of Prospective Tenants Building Conditioned by Centralized Chiller System Phase 1 and 2 Environmental Assessment Completed