555 W Granada Blvd
Ormond Beach, FL 32174 Outer Ormand Beach

• Unit Size: 785 SF
• Condo Use: Office/Retail
• Price: $139,000 USD
• Sale Type: Investment or Owner User
• Price/SF: $177.07 USD

Description

Income-Producing Commercial Office Condominium with Immediate Value-Add Potential! This professionally designed 784± SF executive office condo features three private suites, a welcoming reception area, private restroom, kitchenette, new flooring, and keypad entry. Two suites are currently leased under gross weekly rental agreements, providing immediate cash flow, while the owner's suite will be available upon closing, offering the opportunity to increase rental income or occupy the space for your own business. Located along the highly traveled Granada Blvd. corridor (approximately 35,000 AADT), the property offers excellent visibility, ample common parking, and Commercial Office zoning supporting a variety of professional uses including medical, aesthetics, massage therapy, counseling, chiropractic, insurance, legal, and financial services. HOA includes exterior maintenance, roof, water, sewer, trash, landscaping, parking, and building insurance. Offering Memorandum available upon request.

Sale Notes

Excellent opportunity to acquire a 784± SF executive office condominium in the heart of Ormond Beach. The suite is professionally configured with three private offices/treatment rooms, a welcoming reception area, private restroom, kitchenette, new flooring, and secure keypad entry.

The property is currently operating under a multi-tenant gross lease model, generating immediate cash flow with two leased suites and an additional tenant sharing the owner's suite. Upon closing, the owner will vacate, creating an immediate value-add opportunity. The existing lease includes provisions allowing the shared tenant to convert to sole occupancy at an increased rental rate or vacate, providing flexibility for investors or owner-users.

Located along the highly traveled Granada Boulevard corridor (approximately 35,000 AADT), the property offers outstanding visibility, ample common parking, and convenient access to I-95, US-1, and surrounding residential communities. Commercial Office zoning accommodates a wide range of professional uses including medical, chiropractic, aesthetics, massage therapy, counseling, insurance, legal, accounting, and general office.

The condominium association provides exterior building maintenance, roof, landscaping, parking, water, sewer, trash, and master building insurance, resulting in predictable operating expenses.

Current rental income is already established with additional upside through the conversion or lease-up of the owner's suite. Offering Memorandum available upon request.