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Shopping Strip

Ocean Shore Plaza

1740 Ocean Shore Blvd, Ormond By The Sea, FL 32176

Listing Price: $1,690,000

Cap Rate
0.81%
Gross SF
10,992
Rentable SF
10,992
Price/Gross SF
$153.75
Lot Size
0.56 acres
Year Built
1979

Investment Overview

Marcus and Millichap is pleased to be the exclusive advisors for the subject, Ocean Shore Plaza, a split level mixed use property with value add potential. Currently, the lower level is occupied with Retail tenants and upper level is completely vacant and undergoing renovations. The building was constructed in 1979 and is approximately 11,000 square feet, with 5500 retail and 5500 multifamily or office. The current square foot is grandfathered by Volusia County and will remain as long as building is standing up right. New owner can experience upside by bringing retail rents to market and applying the short term rental model for the upstairs such as Air BnB or VRBO. Please contact listing agent for more details.

Investment Highlights

  • Ocean Front Real Estate
  • Split Level Floorplan
  • Mixed Use Retail and Multifamily
  • Grandfathered Real Estate
  • Corner Lot With Traditional Street Front Location
  • Located on A1A

Exclusively Listed By

Financing By

Listing Price: $1,690,000

Cap Rate
0.81%
Gross SF
10,992
Rentable SF
10,992
Price/Gross SF
$153.75
Lot Size
0.56 acres
Year Built
1979

Investment Highlights

  • Ocean Front Real Estate
  • Split Level Floorplan
  • Mixed Use Retail and Multifamily
  • Grandfathered Real Estate
  • Corner Lot With Traditional Street Front Location
  • Located on A1A

Investment Overview

Marcus and Millichap is pleased to be the exclusive advisors for the subject, Ocean Shore Plaza, a split level mixed use property with value add potential. Currently, the lower level is occupied with Retail tenants and upper level is completely vacant and undergoing renovations. The building was constructed in 1979 and is approximately 11,000 square feet, with 5500 retail and 5500 multifamily or office. The current square foot is grandfathered by Volusia County and will remain as long as building is standing up right. New owner can experience upside by bringing retail rents to market and applying the short term rental model for the upstairs such as Air BnB or VRBO. Please contact listing agent for more details.

Exclusively Listed By

Financing By

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