Value Add Retail Center Listing Details & Market Data

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.